Farmer who left GOP: Trump 'has failed' at replacing NAFTA
Adriana BelmonteAssociate Editor
December 5, 2019, 9:15 AM PST
American farmers are in a state of uncertainty as the U.S.-China trade war continues. And that’s not the only thing weighing on their minds: Uncertainty surrounding the United States-Mexico-Canada Agreement (USMCA) is also having a major impact.
“The administration has failed on USMCA — NAFTA 2.0 — while there were needed changes there,†Chris Gibbs, an Ohio soybean farmer who left the GOP after being frustrated with Trump administration policies, told Yahoo Finance. “Keep in mind, NAFTA was built way back before we had cell phones, before we had PCs. So it’s been a long time ago, in digital terms, 1994. We certainly needed updates, but the administration’s failed on that because they never laid the proper groundwork in the House to get it approved.â€
The U.S., Mexico, and Canada signed the USMCA, also known as “new NAFTA,†on Nov. 30, 2018 but plans hit a snag as Congress has declined to ratify it. House Democrats reportedly want revisions to the labor, environment, pharmaceutical, and enforcement terms and have been unable to reach a compromise with the Trump administration since then.
Gibbs, 61, argued that the main failure by the current administration was political.
https://currently.att.yahoo.com/finance/news/chris-gibbs-new-nafta-171521552.html