The first round of NAFTA talks has ended without any firm conclusions in one way or another, which is to be expected. It is also noted that they were free from any public drama, but it’s still early days, so we’ll see how long that lasts, especically considering that we’re dealing with an Uncertainty Engine for a president in the United States. While the US is signalling that Buy America is a non-negotiable in NAFTA talks, the PMO has assembled a crack unit to deal with the fallout of a US walkout on talks, seeing as Trump already played his walkout card months ago so it gave them time to prepare.
— Dale Smith (@journo_dale) August 20, 2017
Meanwhile, trouble with NAFTA talks could mean an economic slowdown, as there have already been some signs of slowdown in the manufacturing sector, and expectations that GDP growth could start to slow for the remainder of the year. That having been said, there’s also talk that if the Trump administration tries to simply tear up NAFTA, there are recourses that Congress has at its disposal that would essentially work to keep the existing agreement up and running by backdoor means, but it’s messy and complicated (and you can see Alex Panetta talking about that starting at 10:51 on this Sunday Scrum segment).