Specifically citing the auto industry, U.S. Commerce Secretary Wilbur Ross told Bloomberg TV that “NAFTA is, at best, an obsolete agreement.”
Ross took exception to the rules-of-origin provision in the pact between Canada, the United States and Mexico.
“They did it in such detail that many of the parts they described aren’t even used in cars anymore because automotive technology has changed,” Ross said of NAFTA. “That whole section, while it was reasonably well intentioned to have some degree of protection to the NAFTA countries, it’s totally obsolete.”
You can hear more from Ross in the video below.
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