Mexican Media Brands
Trump Discounts Report He Might Quit NAFTA
President Donald Trump reiterates his intent to renegotiation but not abandon the North American Fair Trade Agreement, rejecting a report to the contrary on Wednesday by Politico LLC.
#economics
Share
President Donald Trump reiterates his intent to renegotiation but not abandon the North American Fair Trade Agreement, rejecting a report to the contrary on Wednesday by Politico LLC.
The nonpartisan political and policy website said Trump aides were drafting an executive order to withdraw from the country’s 23-year-old agreement with Canada and Mexico. But late in the day the White House said Trump made phone calls to Canadian Prime Minister Justin Trudeau and Mexico President Enrique Nieto to pledge he will “not to terminate NAFTA at this time.”
Trump added, “It is my privilege to bring NAFTA up to date through renegotiation.” Canada and Mexico previously signaled a willingness to review the agreement.
During his campaign, Trump vowed to either rebalance NAFTA to bolster American jobs or withdraw from the deal and impose import tariffs on goods from the two countries.
But both political parties have been uneasy about significantly disrupting the complex web of trade among the three countries. They fear that doing so could do as much harm as good to the job market, a point of view expressed by the auto industry over the past few months.
RELATED CONTENT
-
On Lincoln-Shinola, Euro EV Sales, Engineered Carbon, and more
On a Lincoln-Shinola concept, Euro EV sales, engineered carbon for fuel cells, a thermal sensor for ADAS, battery analytics, and measuring vehicle performance in use with big data
-
Mazda, CARB and PSA North America: Car Talk
The Center for Automotive Research (CAR) Management Briefing Seminars, an annual event, was held last week in Traverse City, Michigan.
-
On Urban Transport, the Jeep Grand Wagoneer, Lamborghini and more
Why electric pods may be the future of urban transport, the amazing Jeep Grand Wagoneer, Lamborghini is a green pioneer, LMC on capacity utilization, an aluminum study gives the nod to. . .aluminum, and why McLaren is working with TUMI.