Trump is actually trying to renegotiate NAFTA

Trump takes step toward NAFTA renegotiation

Trump takes step toward NAFTA renegotiation

The agreement also encourages higher export volumes; according to the US Department of Commerce, Michigan - where the US auto industry is primarily concentrated - exported $23.5 billion in goods to Canada in 2015, and $11.7 billion in goods to Mexico.

It also did not include the type of harsh rhetoric the president has used to describe NAFTA or the trade practices of Canada and Mexico in the past.

"The news today that the administration is focused on a realistic modernization of NAFTA rather than a massive overhaul that could cost US sectors export markets is worth retweeting", Gold said.Matt Gold, who teaches worldwide trade law at Fordham, is reasonably confident and not for nothing. The veteran trade lawyer said the USA would prefer to keep the three-way structure, a notable comment from an administration that has denounced multilateral deals as unwieldy. "If that should prove to be impossible, then we'll move in a different direction". "Obviously, dairy trade with Canada - where we continue to face 200%-300% tariffs and a slew of nontariff policies that distort dairy trade - is an entirely different story, and we need to address it as part of these talks".

A Canadian source close to the lumber negotiations said it was unlikely an agreement could be reached by mid-August, however. "With this renegotiation of NAFTA, the Trump Administration has the opportunity to reset that agenda by instituting a new, fair trade framework that works for family farmers, ranchers, and rural residents".

Just three weeks ago Trump reneged on his vow to completely withdraw from Nafta, which represents a significant amount of United States exports and imports. He believes American businesses don't always get a fair shake in dispute resolution.

"Nine million American jobs depend on trade and investment with Canada".

Administration trade representative Robert Lighthizer informed Congress of the start of the renegotiation, but offered little detail about what the new deal would involve. Orrin G. Hatch, R-Utah, said in a statement.

I hope the administration plans to negotiate in good faith with our friends Canada and Mexico.

Democrats, many of whom opposed NAFTA or supported its reform, criticized the administration for not going far enough. Current NAFTA rules say disputes should be heard by a panel of members from all three countries. "The North American Free Trade Agreement has been successful, with significant volumes of trade in produce flowing north and south across borders".

Reps. Richard E. Neal, D-Mass., and Bill Pascrell Jr., D-N.J., called the Thursday announcement disappointing "for those of us who believe that USA trade policy - and NAFTA - needs fundamental reform". "President Trump is going to change that", Ross said, adding that the U.S. looks forward to working with Mexico and Canada, to find a solution that is fair for all parties. Admittedly, they expected TPP to help them mainly by granting better access to Asian export markets - something that Nafta-plus can't give them.

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