Lawyer Dan Ujczo Quoted in the CTV News Article, “Symbolic NAFTA Win Possible, but Hard Work Nowhere Near Done: Trade Insiders”
- Ujczo, Daniel D.
- Media Mentions
Columbus Lawyer Dan Ujczo was quoted in the CTV News article, “Symbolic NAFTA Win Possible, but Hard Work Nowhere Near Done: Trade Insiders”
Trade insiders say a token win on NAFTA may soon be possible -- but the substantive work is nowhere near complete. A report by Bloomberg this week said the White House wants leaders from Canada and Mexico to announce the broad outlines of an updated North American Free Trade Agreement during next week's Summit of the Americas in Peru. U.S. trade expert Dan Ujczo said he's heard a "handshake" deal could be announced as early as mid-April as a way to calm market movements and political rhetoric surrounding NAFTA, particularly with U.S. and Mexican elections on the horizon. "An 'agreement in principle' is the only way to get a political win at this stage," Dan wrote in an email. "It provides cover to everyone to proclaim victory while still leaving the window open for people unhappy with the proposed deal to make changes." He said a full agreement would be problematic at this point anyway because it would turn the deal into an election issue. "Best now to turn down the temperature and let NAFTA simmer through 2018," Mr. Ujczo said.
To read the full article, please click here.
Trade insiders say a token win on NAFTA may soon be possible -- but the substantive work is nowhere near complete. A report by Bloomberg this week said the White House wants leaders from Canada and Mexico to announce the broad outlines of an updated North American Free Trade Agreement during next week's Summit of the Americas in Peru. U.S. trade expert Dan Ujczo said he's heard a "handshake" deal could be announced as early as mid-April as a way to calm market movements and political rhetoric surrounding NAFTA, particularly with U.S. and Mexican elections on the horizon. "An 'agreement in principle' is the only way to get a political win at this stage," Dan wrote in an email. "It provides cover to everyone to proclaim victory while still leaving the window open for people unhappy with the proposed deal to make changes." He said a full agreement would be problematic at this point anyway because it would turn the deal into an election issue. "Best now to turn down the temperature and let NAFTA simmer through 2018," Mr. Ujczo said.
To read the full article, please click here.
Related Practices
Contacts
Daniel Ujczo
Of Counsel and Cross Border (Canada - U.S.) Practice Group Chair
Columbus
Recent Insights
- September 24, 2018 Webinars Untying the Trying Times of Tariffs - The Product Exclusion Process Webinar on September 24, 2018
- September 24, 2018 Webinars KNOW the NEW NAFTA Webinar on September 24, 2018
- August 28, 2018 Seminars Taxes, Tariffs and Trade Panel Discussion on August, 28, 2018
- July 10, 2018 Media Mentions Lawyer Dan Ujczo Quoted in the Canadian Lawyer Article, “China Factor Looms Large as Trade Wars Heat Up”
- June 22, 2018 Industry Alerts Section 301 Tariffs on Chinese Goods -- What to Do Now
- June 20, 2018 Seminars CUSBA "Cross-Border Mobility of People and Goods: Challenges and Solutions"
- June 19, 2018 Industry Alerts Trade, Tariffs and Trouble (Part III)
- June 2018 Industry Alerts President Trump Announces Tariffs on Canadian Steel and Aluminum, Canada Quickly Retaliates With Tariffs on U.S. Imports: An Unprecedented Trade War Looms
- June 5, 2018 Webinars International Webinar on June 5, 2018 - Canada to Impose Tariffs on $12.8 Billion of U.S. Goods