Sources: U.S. NAFTA sunset proposal ties potential termination to trade deficit

A sunset clause the Trump administration wants to include in NAFTA 2.0 would be tied to the U.S. trade balance with Mexico and Canada, giving the president the discretion to decide -- based on an assessment of trade deficits -- whether to withdraw from the deal after five years, sources tell Inside U.S. Trade . Administration officials discussed the proposal this week with the congressional committees of jurisdiction and received bipartisan pushback against the idea, as well as counter-proposals from...