“Tell NAFTA partners that we intend to immediately renegotiate the terms of that agreement to get a better deal for our workers. If they don’t agree to a renegotiation, we will submit notice that the U.S. intends to withdraw from the deal.”
Update: President Trump Officially Announces He Will Negotiate NAFTA Or Withdraw From It
Date: January 20th, 2017
“A White House statement issued soon after Trump’s inauguration said the United States would also “crack down on those nations that violate trade agreements and harm American workers in the process.”
The statement said Trump was committed to renegotiating another trade deal, the North American Free Trade Agreement (NAFTA), which was signed in 1994 by the United States, Canada and Mexico.
“For too long, Americans have been forced to accept trade deals that put the interests of insiders and the Washington elite over the hard-working men and women of this country,” it said.
“As a result, blue-collar towns and cities have watched their factories close and good-paying jobs move overseas, while Americans face a mounting trade deficit and a devastated manufacturing base.”
The statement said “tough and fair agreements” on trade could be used to grow the U.S. economy and return millions of jobs to America.
“This strategy starts by withdrawing from the Trans-Pacific Partnership and making certain that any new trade deals are in the interests of American workers.”
If NAFTA partners refused to give American workers a fair deal in a renegotiated agreement, “the President will give notice of the United States’ intent to withdraw from NAFTA,” the statement added.”
“On NAFTA the White House website says:
“President Trump is committed to renegotiating NAFTA. If our partners refuse a renegotiation that gives American workers a fair deal, then the President will give notice of the United States’ intent to withdraw from NAFTA.”
It seemed to surprise some on social media that the strong language about NAFTA from Trump’s campaign website is now on the official presidential site.
His campaign web site said, “NAFTA will be renegotiated to get a better deal for American workers. If our partners do not agree to a renegotiation, America will withdraw from the deal.””
“Donald Trump’s incoming administration has wasted no time setting as official policy the renegotiation of the North American Free Trade Agreement and the withdrawal from the Trans-Pacific Partnership, moves send shock waves through the automotive industry.
Until now, automakers and auto executives have been reluctant to publicly speak out about the potential consequences of renegotiating or pulling out of NAFTA because Trump’s comments on the campaign trail were not official White House policy.
But on Friday, shortly after Trump was sworn in, the administration pledged to negotiate “tough and fair” trade agreements with the goal of creating more U.S. jobs as one of its top policy issues posted on Whitehouse.gov.
“This strategy starts by withdrawing from the Trans-Pacific Partnership and making certain that any new trade deals are in the interests of American workers,” the statement says. “President Trump is committed to renegotiating NAFTA. If our partners refuse a renegotiation that gives American workers a fair deal, then the President will give notice of the United States’ intent to withdraw from NAFTA.””