Trump bashes NAFTA in midst of talks to revamp trade deal
- Author: Rogelio Becker Aug 27, 2017,
Aug 27, 2017, 0:23
Boyle said NAFTA has been a major gain for dairy farmers in Arizona and the US generally, which is why he is concerned by Trump's comments about terminating the deal.
Prime Minister Justin Trudeau's response Wednesday afternoon, for instance, was to stay the course.
He went on to add that "I personally don't think you can make a deal without a termination but we're going to see what happens, OK?" In this brief, we discuss the sharp rise in USA government lobbying in the run up to the NAFTA renegotiations, the reform of Chapter 11 (the investor-state dispute settlement chapter of NAFTA), and a Trade Case Alert relating to certain polyethylene terephthalate resin from China, India, Oman and Pakistan.
"He's negotiating in his own particular style", Videgaray said.
He said Trump's comments also could damage the "friendship and economic alliance that the USA and Mexico share".
U.S. Trade Representative Robert Lighthizer said in a statement released by his office that "President Trump has been clear from the very beginning that if the NAFTA renegotiation is unsuccessful, he will withdraw from the agreement". "You have to wait a long time" for the process to play out, he said.
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Business leaders said they were encouraged by how Texas state officials were speaking out on the importance of NAFTA.
A withdrawal from NAFTA is the last thing that many farm groups want because the pact is generally credited for massively boosting US exports of corn, soybeans, wheat, dairy, poultry, pork and beef. "And especially for a border state like Arizona", Taylor said.
Initial talks to re-negotiate NAFTA between Mexico, the United States and Canada ended in Washington this weekend with no sign of a breakthrough, and further discussions are due in Mexico City in September.
Last week, Texas Comptroller Glen Hegar said in a radio interview: "The biggest loser in tearing up NAFTA and throwing it in the trash really would be Texas, because we are an export state". The U.S. reportedly tabled roughly 10 proposals updating existing chapters or proposing new ones.
Trade includes everything from manufactured goods to farm products.
The three-country trade pact, which virtually wiped out agricultural import duties, allowed U.S. U.S. farm product exports to more than quadruple from 1993 to 2016, Colorado Farm Bureau Federation President Don Shawcroft said in a recent recording published by the USDA.
"We need to prepare for what we would do if NAFTA isn't there", said Hoback. "We are closely monitoring negotiations and will continue to advocate for corn farmers' interests throughout this process".