President Donald Trump may want more drastic trade changes with Mexico than with Canada, but making that happen will complicated, expert Thomas Bollyky told CNBC on Monday.
The three countries’ trade deals are tied together in the North American Free Trade Agreement, which Trump has repeatedly slammed.
“It’s not clear that you can have the differential treatment that the president is suggesting with the two countries without Congress being heavily involved. And once Congress becomes involved, there are a lot of statutory timelines for negotiation of that agreement. It gets a lot more complicated,” the senior fellow at the Council on Foreign Relations said in an interview with “Closing Bell.”
Trump met with Canadian Prime Minister Justin Trudeau at the White House on Monday and afterward touted the trade relationship between the two countries. He also said he thought the U.S. gets a worse deal from Mexico.
“We have a very outstanding trade relationship with Canada. We’ll be tweaking it. We’ll be doing certain things that are going to benefit both of our countries. It’s a much less severe situation than what’s taken place on the southern border,” Trump said at a joint White House press conference with Trudeau.
More information on CNBC