It’s not NAFTA it’s got another name now.
The trade agreement has not been repealed. It has been over ridden by a declaration of national emergency that allows the President to unilaterally impose tarrifs without consulting Congress or re-negotiating a treaty. It allows him to break the treaty he signed in 2020.
Once the emergency is declared over, the treaty will be back in effect.
There is also some kind of study group on international trade going to make recommendations going forward but not immediately.
The interesting legal questions are:
- Was this a valid national emergency?
- Does the President have the power to declare anything he wants an emergency and border incursion?
- If the answer to 1 and 2 is not a resounding yes, is there any part of the constitutional checks and balances that can.stop him?
- If the answer to 3 is not a resounding no, is there the will left among folks on the other branches to act on improper use of power?
I don’t know the answer to these questions, and maybe no one knows for sure
I do not have deep sympathy in general for the auto industry though I love my F250. But I think they are being treated very badly in being encouraged to develop their production lines across borders, under a clear FTA, and then have the rug pulled out from under their feet.
Obviously it’s business as usual between Canada and Mexico but we don’t share a border, so we get less produce.
I would add that I don’t see a long life for policies that damage the profits of key big industries in the USA such as the auto industry. I would imagine most CEOs and CFOs across a spectrum of industry are having a fit right now, but perhaps also wary about how much they can say publicly without repercussions.