Trump Signals His Urgency Over NAFTA
- by Emilio Sims
- in Money
- — Feb 3, 2017
He says, "All of the statutory guidelines we're adhering to I would like to speed it up if possible".
The statement comes as tensions over trade between Mexico and the USA have intensified under President Donald Trump, who has said he plans to renegotiate NAFTA, which also includes Canada.
The rows between Trump and Mexico have been fierce since the real estate tycoon's arrival in office.
Addressing senators at a meeting in the White House, Trump asserted the trade deal, signed into law by President Bill Clinton in 1994, was a "catastrophe" for Americans jobs and workers.
I do not care if it's a renovation or a new one, but we have to make it fair, Donald Trump stated shortly before a meeting with lawmakers.
Wyden noted that Trump didn't give specifics about what he'd change with NAFTA or how he'd accomplish it. Malmstrom and Guajardo will also meet in Mexico City between these rounds, "to take stock and push negotiators for further progress".
Mexican government officials have said that formal talk on a NAFTA renegotiation could not begin before the start of May, due to its consultations.
"The president believes that those interests are best secured by bilateral, rather than multilateral trade deals", he told reporters.
President Donald Trump has vowed to scuttle NAFTA, which also includes Canada, if he can not recast it to benefit U.S. interests, raising the risk of a major economic shock for Mexico. U.S. And he's going to be representing us in negotiations, along with - along with a lot of other great people. The president has met with manufacturers and labor union alike, where he doubled down on hi criticism of NAFTA. Free and fair trade - not just free trade; free and fair trade, because it's very unfair.
"This consultation in Mexico begins simultaneously with the similar process that the United States government will carry out internally for its own purposes", the ministry said in a statement.
Republican Sen. John Cornyn of Texas told CNN that withdrawing from NAFTA would not benefit the USA economically.
