Rick Helfenbein, President and CEO of the American Apparel & Footwear Association (AAFA) has cautioned the Trump administration against terminating the North American Free Trade Agreement prior to the ratification and implementation of the new US-Mexico-Canada Agreement, following reports that they will give a formal termination notice to Congress. As per Rick Helfenbein, president and CEO of the American Apparel & Footwear Association, terminating NAFTA before USMCA is ratified will definitely create economic havoc and uncertainty for American companies who conduct business in the region.

The association has told the US administration it is essential for the new agreement to be implemented seamlessly, so that its businesses can learn the new rules and have time to adjust our supply chains to take advantage of the deal. Adding additional pressure on Congress to sign or fail is not in the best interest of America.