Trump Triggers NAFTA Renegotiation Process
- Author: Zachary Reyes May 29, 2017,
May 29, 2017, 15:18
Through renegotiations, "the United States seeks to support higher-paying jobs in the United States and to grow the USA economy by improving U.S. opportunities to trade with Canada and Mexico", Lighthizer said in the letter sent to Congressional leadership.
Commerce Secretary Wilbur Ross, in a statement, blamed NAFTA for the downturn in USA manufacturing and promised that President Donald Trump would turn that around.
During the presidential campaign, Donald Trump called NAFTA "a disaster".
Trucks wait in a long queue for border customs control to cross into the U.S.at the Otay border crossing in Tijuana, Mexico on February 2, 2017. "We believe the framework of a trilateral agreement is the most suitable and the most convenient for the peoples of Mexico, Canada and the United States". "The world has changed". Now, the US States trade representative Robert Lighthizer has notified Congress. Since the signing of NAFTA, we have seen our manufacturing industry decimated, factories shuttered, and countless workers left jobless. Pres. Trump backed away from the threat to withdraw from NAFTA after Canadian and Mexican officials urged Washington to renegotiate and modernize the trade pact instead of scrapping it.
"NAFTA has been vital to the growth of the US insurance industry, but as with any agreement that's almost a quarter of a century old, NAFTA can be improved".
"We intend to initiate negotiations with Canada and Mexico as soon as practicable, but no earlier than 90 days from the date of this notice", Lighthizer wrote.
The US president formally abandoned Washington's intent to ratify the Trans-Pacific Partnership - the sweeping trade agreement signed under the preceding administration past year - just days after being sworn into office in January.
"Since January, United Fresh has been in constant dialogue with congress, the administration and other interested stakeholders to convey that the fruit and vegetable industry needs trade agreements that facilitate trade, rather than erecting barriers that protect specific interests". That could open the door to renegotiation talks to begin by August 16. "I can not emphasize how important our Mexican customers are to USA wheat farmers", says Jason Scott, USW chair. Canada Foreign Affairs Minister Chrystia Freeland, who met with Lighthizer on May 16 and meets her Mexican counterparts in Mexico City next week, also said the negotiations must be among the three nations. "So far, this administration's trade policy has been characterized by a lot of talk and no action", he said in a statement. But the president ultimately said he planned to renegotiate the agreement.