The Shared States is seeking to insert a so-called sunset clause into a new NAFTA, which command terminate the agreement after five years unless the three colleague countries agree to extend it.
Wilbur Ross, Donald Trump’s mercantilism secretary, confirmed the news Thursday, saying the constant threat of desinence would force a permanent re-evaluation of the agreement and require countries to accede to improving it.
«(It) would force a systematic re-examination,» Ross told a forum established by the website Politico.
«You’d have a forum for trying to fix things.»
He said he and the U.S. traffic czar, Robert Lighthizer, agree on the idea. Ross made his notes after being asked about a report on the idea by Politico and he publicly sanctioned the report.
But he said it’s unclear whether Canada and Mexico, the other NAFTA provinces, would accept the proposal.
He said he wants a deal by the end of the year and resolution rather not terminate the agreement as Trump has threatened.
Ross said it on become harder to get a deal after this year for four perspicacities: Next year, the U.S. fast-track law needs to be re-affirmed in Congress, the U.S. has congressional plebiscites, Mexico has presidential elections and Canada has provincial elections.
Ross responded the president is serious when he threatens to cancel NAFTA.
«It’s a very bona fide thing,» he said.
«But it is not the preferred option.»