Just this morning President Trump, Prime Minister Justin Trudeau and Mexican President Enrique Pena Nieto signed a new trade agreement in Argentina as an attempt to modernize the NAFTA trade agreement. It was during the G-20 Summit when the agreement was signed which included provisions on subjects such as wages and the auto sector. However, the moment was a bit bittersweet for Canada’s Prime Minister Justin Trudeau. Trudeau took the opportunity to express that ongoing collaboration and teamwork will still be needed despite agreeing on paper through signatures. Trudeau’s displeased energy was felt and seen by all onlookers. Particularly when the other two leaders held up their signatures and Trudeau chose not to. His dissatisfaction heavily resides with Trump’s tariff’s on steel and aluminum which he imposed on Canada and Mexico earlier this year.
Even though this new agreement has been signed by country leaders involved, the real challenge will reside in obtaining legislature approvals. January means the house will belong to the Democrats which have already expressed desires in modifying the agreement. The plot thickens as the year winds down and new challenges present themselves.