Lobbyists and lawmakers behind the plan have drafted a NAFTA chapter on competitiveness that lays out broad goals for making regulation more predictable, investing in infrastructure and streamlining permitting.
We urged representatives to support legislation that would eliminate the nation’s trade deficit, address an overvalued dollar, provide stronger trade enforcement and tackle troubling trade issues with China.
The action would “trigger a chain reaction of negative consequences for the U.S. economy,” the organizations said.
Companies can seek exemptions if the material they want to import can’t be sourced at a reasonable cost domestically, or if there is a national security interest for the exemption.
The dispute is noteworthy given the Trump administration’s frequent criticism of the Geneva-based WTO.