Published: Thu, May 11, 2017
Markets | By Noel Gibbs

National Ag Organizations Relieved US Will Remain in NAFTA

National Ag Organizations Relieved US Will Remain in NAFTA

Canadian Prime Minister Justin Trudeau urged Trump not to withdraw from NAFTA in a call on Wednesday, saying such a move would be counter-productive, a Canadian source familiar with the matter says.

U.S. media reported on Wednesday that he was likely to give formal notice of pulling the United States out of NAFTA - and then came the White House announcement that the USA would renegotiate the agreement after all.

"And I think we'll be successful in the renegotiation, which frankly would be good because it would be simpler [than killing NAFTA]."
"I had so many things going on ..."

"It shows that I do have a very big farmer base, which is good", Trump recalled.

Raj Bhala, an expert on worldwide trade law and global trade, is available to speak with media about NAFTA, Trump's rhetoric on the topic, renegotiation of the deal, the original agreement, its effects on the three participating countries and related topics.

Trump drew cheers from the people at the rally when he reminded them of his "buy American and hire American" policy.

The document also blames NAFTA for a "massive transfer of wealth" from the United States, the loss of 700,000 jobs and a more than $1-trillion trade deficit with Mexico since the agreement was enacted in 1993.

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Yet, in recent days Trump has fielded questions from bewildered reporters about whether his recent actions toward and statements about Canadian trade practices are moving the longtime friendly neighbors toward a trade war.

Trudeau has communicated with President Trump several times this year already, sometimes in person and other times, speaking over the phone.

"To totally abandon that agreement means that those gains are lost", said Paul Ferley, an economist at Royal Bank of Canada.

Coming out of it, Trump makes it sound as though he and Xi may be co-starring in a buddy comedy sometime soon. "I really feel that he is doing everything in his power to help us with a big situation", Trump told Reuters regarding North Korea's ongoing pursuit of a nuclear weapon.

Ottawa needs to redouble its efforts to maintain good relationships with American legislators in the wake of this week's events, added Brown.

"We very much appreciate the bipartisan support from members of Congress on this important issue".

Reminder: Trump spent roughly 48 hours with Xi.

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Both spoke on condition of anonymity because they were not authorized to discuss internal deliberations.

United States automakers often send parts back and forth across the border before a auto or truck is fully assembled.

And he likes them, he said, so he agreed. And he believes very strongly in his gut reactions to these meetings. Nor has he followed up on vows to punish American companies that move jobs overseas or on threats to tax Chinese and Mexican imports.

So, if you don't like the way Trump appears to be heading on an issue, call him up.

According to the NAFTA secretariat, almost 40 million new jobs were created, including 25 million in the United States, over the first 15 years after the pact was ratified.

If there's a story we can verify for you, just email us at VERIFY@kens5.com.

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