By Tim Rostan, marketwatch.com
President Donald Trump reportedly told reporters aboard Air Force One late Saturday following the conclusion of the G-20 summit in Buenos Aires that he would formally notify Congress of the termination of the North American Free Trade Agreement in the “near future.” That termination, he reportedly suggested, would present Congress with a binary choice between the amended agreement signed at the G-20 with Canada’s Justin Trudeau and Mexico’s Enrique Peña Nieto and a reversion to the trade practices in place before Nafta’s passage in 1993. Trump has said he foresees few hurdles to the new agreement’s passage in the U.S. — it also requires legislative approval in Ottawa and Mexico City — but U.S. lawmakers on both sides of the aisle, including Sen. Elizabeth Warren, a Massachusetts Democrat who’s believed to be weighing a presidential run, have expressed reservations. Warren said this week that the revised trade regime “won’t stop outsourcing, it won’t raise wages, and it won’t create jobs. It’s Nafta 2.0.” Trump prefers to call the pact the United States-Mexico-Canada Agreement.