US President Trump launches NAFTA renegotiation

20 May, 2017, 09:47 | Author: Valerie Burke

President Donald Trump has officially alerted Congress that he will begin NAFTA renegotiation talks.

On Thursday, US trade representative Robert Lighthizer formally notified congressional leaders by letter that the president intends to start talks "as soon as practicable", initiating a 90-day period in which congress and the administration will agree the objectives of the negotiations.

This means negotiations can begin at the earliest in August.

Trump's newly confirmed trade representative, Robert Lighthizer, told reporters on a conference call that NAFTA has been successful for USA agriculture, investment services and the energy sector, but not for manufacturing.

"Modest tweaks will not stop NAFTA's ongoing damage, much less deliver on (President Donald) Trump's promises for a d".

American Farm Bureau Federation President Zippy Duvall said in a statement: "The American Farm Bureau looks forward to working with the administration, Congress, other agricultural groups, and officials in Canada and Mexico to protect these important markets while also addressing issues that have limited the trade potential of US farmers and ranchers".

"There is no question that NAFTA has been tremendously successful for American workers, farmers, and businesses", Kevin Brady, a Republican congressman from Texas, said in a statement.

Canada is ready to work with the United States and Mexico to bring the 23-year-old North American Free Trade Agreement up to 21 century standards, Foreign Affairs Minister Chrystia Freeland said Thursday. "The whole energy sector has changed and the way we do business has too so I'm not averse to any of that", Pacheco said. "But we're going to give renegotiation a good, strong shot". In April, Trump said he would not pull out of NAFTA for the time being, but could still withdraw if he concludes a renegotiated pact is not "a fair deal for all". Lighthizer told reporters that he hopes negotiations will be completed by the end of 2017, according to Reuters.

The president, whose campaign trail vows to tear up Nafta appealed to his base of disaffected working-class voters aggrieved by globalization, is under mounting pressure to follow through on his pledge.

NAFTA forced the abandonment of the countryside by the Mexican government, effectively expelling millions of peasants who emigrated to the United States and opening the doors to the growth of the narcotics trade - and hence to the control of vast rural territories by organized crime. "With that said, NAFTA can be improved to incentivise more textile and apparel jobs and production in the United States, Canada, and Mexico", Tantillo added. "Since NAFTA was implemented, US agricultural exports to Canada and Mexico have tripled and quintupled, respectively".

In the course the of more than 20 years since its signing, NAFTA has negatively impacted some parts of the country but it has also benefited others.

"I don't care if its a renovation of NAFTA, or a brand new NAFTA, but we do have to make it fair", Trump said when he signed an executive order on the trade agreement on January 23.

Good idea! And it so happens that a convenient template for most of those changes already exists in the abandoned Trans-Pacific Partnership, which the us stupidly failed to close past year. The agreement eliminated numerous tariffs on trade between the US, Canada and Mexico.

Recommended:

  • Kushner called Lockheed CEO about $100B Saudi arms deal

    Bannon, was vital for the well-being of the presidency, and, by extension, the free world - they shouldn't have been absent from the greatest day in Dad's life.
    FBI Director To Be Named 'Very Soon'

    FBI Director To Be Named 'Very Soon'

    Lieberman, who ran as vice president on Al Gore's 2000 ticket, became an independent after losing the Democratic primary in 2006. He has spent part of his time as the co-chairman of a group called No Labels that seeks solutions by both political parties.
    Gaviria's dream Giro debut continues with 4th stage win

    Gaviria's dream Giro debut continues with 4th stage win

    Dumoulin, meanwhile, avoided mishaps as he looks ahead to Saturday's stage and beyond. Tom Dumoulin, who rides for Team Sunweb, retained the pink jersey.
  • Chinese media warn India over Belt and Road project

    Chinese media warn India over Belt and Road project

    Participants in the Leaders Roundtable of the Belt and Road Forum for International Cooperation adopted a joint communique. Xi said the Belt and Road initiative is meant to be an "open and inclusive platform for development".
    Times Square driver charged with murder, appears in court

    Times Square driver charged with murder, appears in court

    People were being dragged, they were on top of the auto . "He ran across the street, flailing his arms and screaming". He said he saw about five people who looked gravely injured, saying, "People, really bad, in front of us".
    Alibaba Reveals $6 Billion Share Buyback As Misses EPS Forecast

    Alibaba Reveals $6 Billion Share Buyback As Misses EPS Forecast

    Revenue at e-commerce giant Alibaba jumped 60% in the first three months of the year, powered by a growing customer base in China. Additionally, the revenue per buyer (particularly for mobile users) has also surged on a year-over-year basis, as shown below.
  • YouTube on TV is uber-popular, 360-degree video support coming soon

    YouTube on TV is uber-popular, 360-degree video support coming soon

    Teague spoke of trying to make YouTube feel natural in a VR environment, and also about how valuable the YouTube community is. Unfortunately, it might involve hanging out in the VR version of a YouTube comments section.

    Group linked to NSA spy leaks threatens sale of new tech secrets

    The only release which didn't include massive pointers enabling the NSA to find the particular source is the Windows exploits. Early Tuesday, a post purportedly from the Shadow Brokers announced that it was starting a sort of hack-of-the-month club.

    Ohio Unemployment Rate Inches Down To 5 Percent For April

    Civilian labor force statistics include nonmilitary workers and unemployed Kentuckians who are actively seeking work. Leisure and hospital jobs, a mainstay of the local economy, had the same amount of jobs year-over-year: 12,800.
  • Ford Enables CarPlay, Android Auto on 2016 Models

    Ford Enables CarPlay, Android Auto on 2016 Models

    For a while now, Ford has promised that it would bring Apple CarPlay and Android Auto to Sync 3 users in 2016-model-year vehicles. Android Auto and Apple CarPlay allow users to control many of their smartphone features and apps by using the vehicle's controls.
    Mourinho hits out at Man Utd supporters and fixture schedule

    Mourinho hits out at Man Utd supporters and fixture schedule

    The former Chelsea boss has been resting his key players for Premier League clashes to ensure they are fresh for their midweek European outing.

    US extends sanctions relief under Iran nuke deal

    As president he has altered his position, insisting he is still studying the accord and hasn't made a final decision. The dual track sanctions policy shows that the major review of U.S.


Popular

De Villiers: I haven't retired from Test cricket
Cricket South Africa (CSA) does languish behind when it comes to paying their players in comparison to Australia and England. De Villiers was speaking ahead of South Africa's three match ODI series against England set to begin next week.

Labour spending plans to create £58bn hole in public finances, claim Tories
There is everything to play for now and we'll be fighting for every single vote". "The scale of the task is vast ". To be frank, don't believe them.

Appeals court strikes down FAA drone registration rule
Court of Appeals decision as it relates to drone registrations", the FAA said in a statement , Market Watch reported . The FAA said the rule was part of its mission to improve aviation safety.

Sunderland goalkeeper can succeed De Gea says Manchester United legend
United would demand a world-record fee for a goalkeeper of £60million, if they decide to sell the 26-year-old. He has played second fiddle to De Gea in the Premier League, starting just two top-flight games.

Telegram 4.0 Update Brings Instant View Platform, Video Messages and More
The year 2017 is marked to ride high on artificial intelligence, machine learning, digital assistants, and bots. Telescope is "a dedicated video hosting platform for those who use videos to communicate with their audiences".