Trump threat to 'terminate' NAFTA sparks intense debate
Aug 29 2017
"Believe it or not, this is the least important thing that we are talking about, but politically this might be the most important talk about", the USA head of state told Peña Nieto. The written list of priorities was released today. Trump campaigned on a pledge to do away with NAFTA, which he blamed for the loss of USA manufacturing jobs. Mexican dairy producer organizations included the Confederación Nacional de Organizaciones Ganaderas, Gremio de Productores Lechero de la República Mexicana, and the Asociación Nacional de Ganaderos Lecheros, along with Mexican processor organization Camara Nacional de Industriales de la Leche. Now that renegotiation talks are in progress, the final outcome remains unclear. "Exiting the agreement would be terribly destructive to the USA economy".
"The president spent more time trolling our US senators than he did outlining a positive economic vision as it relates to trade". The trade deal, Trump charged, had caused the loss of U.S.jobs to Mexico and the closure of manufacturing plants in the United States.
Mexico has repeatedly said there's no chance of that happening.
"Mexico will not negotiate the North American Free Trade Agreement (NAFTA) nor any other aspect of bilateral relations through social media or news media", the Mexican Foreign Ministry said in a statement.
Mexico and Canada have taken steps in recent years to strike trade pacts with European and Asian nations, making them less dependent on USA imports and exports.
The next round of negotiations are scheduled to start in September 1st in Mexico City. "They have made such great deals - both of the countries but in particular Mexico - that I don't think we can make a deal". Shortly before writing that he was "going to a cabinet meeting (tele-conference)... on #Harvey", he tweeted that it was the "worst trade deal ever made" and added: "May have to terminate?"