with a six-year review period. after that review period, if they want to go ahead with it, they will renew it. if they need changes, they can rereview it every year. not the hard and fast thing that some people were looking for, but still some sort of a sunset provision. dana: what has the response been from canada? swift. canada will send a delegation to the white house later this afternoon to meet with jared kushner. in a statement saying, canada is continued to be encouraged by the progress between mexico and the united states. it s a necessary requirement. canada saying we will only sign a new nafta good for canada and good or the the middle class. this does put pressure on canada. but this is a real shot across the bow i m told by sources here to china. what the united states wants to do is get bilateral deals with
did recognize on a sunset provision, they wanted at least the u.s. trade representative wanted to have an expiration date on this. what he had to satisfy himself with was a 16 year period with a review after six years after which it could be renewed for another six years. the president said, look. we could do a deal with canada and if not we will slap significant tariffs on canadian made automobiles that are destined for the united states. today and tomorrow canada s foreign minister, it s very interesting. joining me now, henrique, you re the president of mexico, the president saying he was very
difficult moments, of course. so difficult moments but it came together. let s run through some of what this deal is going to do. one of the biggest things, it will change the rules of origin when it comes to automobile manufacturing. let s put it on the screen. 75% sorry. i ll tell it to you. 75% of all of the parts that are used to put together a car will now have to be sourced from the united states or mexico. that s a big shot across the bow to china, who had been funneling auto parts through mexico. when the requirements were 65%. it will enhance trade in agriculture and make more use of u.s. textiles like yarns and threads and things like that. now, i know you re interested in this earlier. so the sunset provision, this is not the hard and fast expiration date that the u.s. trade representative had been looking for. rather, what this will be is that initial 16-year agreement
to briefly ambassador bill richardson who was a two-term former governor of new mexico. the most likely option, we know that option four the administration has already said iran is complying by the terms of the deal. option four would be tough for the president. option one he kind of has said we doesn t want to have happen. he slammed the deal again and again it s tough to see how he keeps you up the waivers. what do you think is most likely here? well, most likely is that he s going to pull out. he s not going waive the sanctions and he s going to say to the europeans, all right, in this interim period find a way that you can get iran to comply and maybe slap more sanctions on them on their missile activity, on their sunset provision, on the issue of helping hezbollah, hamas, syria, the murderous regime there. but my hope is that the president sticks to the deal and makes a lot of noise.
you re already fighting over tariffs on steel and aluminum. does that concern you at all? we want to have a strong relationship with our nato allies and european friends as well. the western democracy has kept peace and security throughout the world. we need to hang together. the fact of the matter is, though same countries, britain, france, germany, new full well when president obama entered this unilaterally, did not consult with congress, did not ratify this through the treaty process, that agreement was worth no more than the paper it was written on and they re recognizing that right now. hopefully french president macron is certainly talking about working out a better deal and that s the better attitude to take. paul: if such a deal did come to fruition, adding a couple of the provisions that you mentioned before, like the sunset provision and intrusive inspections, do you think you guys in the senate would be able and willing to put those provision intuse your legislation p