White House considering order to withdraw from NAFTA

first_img Published: April 26, 2017 2:59 PM EDT WASHINGTON (CNN) The White House is considering withdrawing from NAFTA in the coming days, though President Donald Trump has not yet decided how to proceed, two senior administration officials confirmed to CNN Wednesday.The White House is currently mulling an executive order declaring intent to withdraw from NAFTA, a move that could trigger a renegotiation of the trade pact rather than outright withdrawal, the officials said.But Trump could also simply launch the US into re-negotiations of the trade pact with Canada and Mexico rather than making a bold move declaring the US’ intent to withdraw.Politico first reported Wednesday that the White House is mulling an executive order on withdrawing the US from NAFTA.One senior administration official stressed that this is something Trump has “always been considering” and while the White House is currently considering an executive order, the official stressed a lot could change in the coming days. Trump has not made any decisions and a range of options are still on the table, the official said.‘Shot across the bow’The potential move comes after Trump imposed a 20% tariff on softwood lumber imports from Canada, which a second senior administration official described as only a “first shot across the bow.”Trump has repeatedly railed against the NAFTA trade pact and said he plans to renegotiate the trade deal or withdraw from it altogether, though his administration has yet to formally announce those plans.Trump must give 90-days notice before formally entering negotiations to reform the trade deal.Trump is also under pressure to take action on NAFTA before Saturday, the 100th day of his presidency, by which point he pledged to make good on a slew of campaign promises. Trump has signed several executive actions on trade — the most significant of which was withdrawing from the Trans-Pacific Partnership — but movement onNAFTA has been scarce, despite Trump’s ongoing criticism of the deal.Trump in recent months has labeled NAFTA as a “one-sided deal,” called it a “disaster” for the US and has argued that the deal has led to the loss of millions of US manufacturing jobs.But many Republicans on Capitol Hill have expressed concerns about Trump’s hardline on free trade deals.Sen. John McCain on Wednesday urged Trump not to pull the US from NAFTA.“It will devastate the economy in my state,” McCain said. “I hope he doesn’t do that.”90-day trigger“Getting a deal done by early 2018 or the end of this year was wishful thinking,” said Gary Clyde Hufbauer, a trade expert at the Peterson Institute for International Economics.Trump’s trade team, led by Commerce Secretary Wilbur Ross, was expected to begin the negotiating process for NAFTA soon and must trigger a 90-day consultation period before diving into trade talks with Canada and Mexico.Ross said Tuesday at the White House that he hasn’t triggered the 90-day consultation because US Trade Representative nominee Robert Lighthizer, a longtime trade expert and former Reagan adviser, hasn’t been confirmed by a full Senate vote yet. Lighthizer did get approved by the Senate Finance Committee this week and a full vote could come within a few weeks.But Mexican leaders are eager to finalize NAFTA negotiations this year before the country’s presidential campaign heats up ahead of July 2018 election.President Enrique Peña Nieto can’t run because of term limits, and there’s no telling whether the next Mexican president will cooperate with Trump on trade.“It will be in the best advantage of the countries involved that we finish this negotiation within the context of this year,” Mexico’s economy secretary Ildefonso Guajardo told CNN on April 6.JobsNonpartisan congressional research found in 2015 that NAFTA isn’t responsible for an exodus of jobs south of the border, nor for a big jobs boom in the US.Researchers concluded the deal has had a minor impact on the US economy.Still, about 14 million US jobs depend on trade with Mexico and Canada, according to the US Chamber of Commerce.Canadian and Mexican officials say they are already ready to renegotiate. They’re waiting on the US to come to the table.“We are ready to come to the table anytime, but the United States, in fact, has yet to actually initiate the negotiating process,” Canada’s Foreign Minister Chrystia Freeland told CNN on Tuesday.The Mexican economic ministry declined to comment. Related Articles:Trump: NAFTA trade deal a ‘disaster,’ says he’d ‘break’ itTrump to begin renegotiating NAFTA with Mexico, CanadaTrump plan would cut taxes for companies — and people, too Author: CNN Recommended Do you see a typo or an error? Let us know. White House considering order to withdraw from NAFTA center_img SHARE US and Mexico tentatively set to replace NAFTA with new deal Trump, Canada’s Trudeau talk trade and NAFTA in phone call last_img read more

2 Dominicans to participate in young leaders fellowship program

first_img Sharing is caring! LocalNewsRegional 2 Dominicans to participate in young leaders fellowship program by: – September 5, 2016 Share Share Tweetcenter_img 464 Views   no discussions Share Two Dominican entrepreneurs will travel to the United States in October to participate in the First ever Young Leaders of the Americas Initiative (YLAI) Fellowship Program.Lynworth Mitchell of Portsmouth and Valarie Honoré of Woodford Hill will participate in a five-week YLAI Professional Fellows Program, sponsored by the Bureau of Educational and Cultural Affairs of the U.S. Department of State. President Barak Obama launched YLAI last year to expand opportunities for emerging entrepreneurs and civil society innovators in Latin America and the Caribbean. The inaugural YLAI class brings 250 promising young business and social entrepreneurs to invest in and accelerate the work of young leaders who are making their communities and countries more prosperous and secure. Through the YLAI Entrepreneurship Institute and the individualized Fellowships, YLAI Professional Fellows will build networks, linkages and lasting partnerships to attract investments and support for their entrepreneurial ventures. Lynworth Mitchell(photo credit: brbptv.com)The Fellows will participate in:• Four-week Fellowship: With U.S. fellowship hosts in their field of expertise, Fellows will gain valuable professional development skills at entrepreneurial organizations or companies across the U.S. and work jointly on a venture Action Plan to be implemented upon Fellows’ return to their home countries. They will also have the opportunity to learn from their U.S. counterparts by job-shadowing and participating in day-to-day operations at American organizations.• Washington, D.C., Summit: YLAI Professional Fellows will participate in a three-day conference and networking event with top U.S. government officials as well as global public, private and nonprofit leaders.• YLAI Entrepreneurship Institute: YLAI Professional Fellows expand their leadership, entrepreneurial and management skills and knowledge through online and in-person trainings that complement their U.S. Fellowship.• Sustained Engagement Post Fellowship: After successful completion of the U.S. Fellowship and YLAI Entrepreneurship Institute, YLAI Professional Fellows will continue their collaboration with U.S. partners and have access to ongoing professional development opportunities, mentorships, networking and alumni activities. YLAI Professional Fellows will be eligible for Innovation Small Grants to fund startup or scaling activities, Travel Grants to conferences, and a chance to welcome a Fellowship Host to their country to share expertise and expand the hosts’ understanding of the entrepreneurship climate in YLAI Professional Fellows’ home countries.Valarie-Sherry Honoré is a Social Entrepreneur and Program Officer for the East Dominica Children’s Federation; a non-profit organization which focuses on improving the well-being of Children and Youth in Dominica.Through the Federation, Valarie develops and implements programs and activities focused on areas such as Child Rights, Child Assault Prevention, Education Enhancement and Youth Empowerment, She will represent the establishment of a National Youth Volunteers Network; seeking to create a platform to facilitate the holistic development, inclusion and empowerment of Youth through Volunteerism.Honoré, a Community Youth Leader who works to empower Youth to reach their full potential and become leaders of enduring change, has a background in Business Administration and has Co-Founded a Business Support Service Organization and a Youth Cooperative focused on socioeconomic empowerment of Youth through Agriculture. Lynworth Mitchell is the CEO and Founder of the Caribbean-based videography media company known as Myst.Productionz (BrBpTV), which started in 2010. Mitchell turned his passion towards showcasing events and talented individuals who make a positive impact in their environment through the use of videography via MystProductionz and media via BrBpTV. BrBpTV stands for Be Real Be Positive Television and showcases real individuals doing positive things through Entertainment, Nature, Culture, and Individualism. MystProductionz utilizes the art-form of videography to produce videos in the public eye, such as music videos and live performances, as well as for private events, such as weddings. Mitchell has a Bachelor’s Degree in Small Business and Entrepreneurship and won the Most Outstanding Youth in Media by the National Youth Council of Dominica for 2015-2016. The 2016 YLAI Professional Fellows participated in a competitive application process. The selection team received nearly 4,000 applications for this Presidential program. The selected entrepreneurs represent 35 countries throughout Latin America and the Caribbean and focus on topics including, but not limited to, agriculture, clean energy, consulting, e-commerce, education, entrepreneurship development and support, food and beverage, food security, health care, hospitality, LGBTQ, marketing and branding, mobile applications, and women and youth empowerment.last_img read more