Trump administration announces plans to renegotiate NAFTA

Xavier Trudeau
Mai 20, 2017

The Trump Administration has formally issued a notice to Congress beginning the process of renegotiating the North American Free Trade Agreement (NAFTA). "As the renegotiation process begins, we encourage the Trump administration to seize this opportunity to work together with Canada and Mexico to support strong and enforceable currency manipulation disciplines in trade agreements and encourage the global acceptance of vehicles built to USA auto safety standards".

During the presidential campaign, Trump called NAFTA "a disaster". "Since NAFTA was implemented, US agricultural exports to Canada and Mexico have tripled and quintupled, respectively".

The letter is meant to "notify not just Congress, but all our trading partners, that free and fair trade is the new standard for us trade deals", said Ross, according to The Detroit News. When those goods are assembled, they come into the US tax-free. The world has changed, we've learned a lot, and we can make it better.

When the rules are fair and the playing field is level, US agriculture will succeed and lead the world.

Now local border traders are keeping a close watch on the latest changes.

Last month, White House aides spread word that Trump was ready to pull out of NAFTA.

A Canadian source close to the lumber negotiations said it was unlikely an agreement could be reached by mid-August, however. As President Trump moves forward with renegotiating with Canada and Mexico, I am confident this will result in a better deal for our farmers, ranchers, foresters, and producers. Campaigning a year ago, Trump vowed to renegotiate NAFTA and pull out of it he couldn't get a better deal. "Strong global trade agreements mean consumers end up with more options and USA insurers can continue to create jobs and invest in the U.S".

A report released by the Congressional Research Service found that NAFTA's impact on the usa economy "appears to have been relatively modest".

Late last month he signed an executive order that required the Secretary of Commerce Wilbur Ross and the USTR, in consultation with several federal agencies, to "conduct comprehensive performance reviews" of all of the USA free trade agreements and "renegotiate or terminate" policies that the Administration believes are harmful to the US.

"There is nothing wrong with modernizing a 23-year-old agreement, but that must be done in a way that benefits the food and agriculture sectors in both countries", Scott says. The much shorter letter that was actually sent makes no mention of this. Lori Wallach, director of Public Citizen's Global Trade Watch, called it "markedly vague". Mexico, which imported $17.9 billion in US food, was the third-largest market.

Lighthizer says he spoke with his counterparts in Mexico and Canada, adding all three nations will benefit from the renegotiation. "It's too big a relationship and it would hurt too many companies", said Greg Husisian, a partner at law firm Foley & Lardner in Washington. "While NAFTA involves three parties, it must be OK to acknowledge and reflect differences and, even where there may be common ultimate goals, allow the U.S".

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