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Trump administration to start NAFTA renegotiation

The Trump administration today informed Congress that it intends to officially begin renegotiating the North American Free Trade Agreement with Mexico and Canada.

The much-anticipated notification gives Congress a 90-day window to work with the Office of the U.S. Trade Representative, the Commerce Department and other agencies to help develop priorities in overhauling the pact with two of our largest trading partners. Commerce Secretary Wilbur Ross, in a statement, blamed NAFTA for the downturn in U.S. manufacturing and promised that President Donald Trump would turn that around. “I look forward working with the President, Ambassador Lighthizer, and our counterparts from Mexico and Canada, to find a solution that is both fair and beneficial for all parties.”  Read more