Trump Backs Away From Document Suggesting Softer Nafta Stand
- Draft letter addressed to Congress does not mention currency
- Acting U.S. trade representative outlines U.S. positions
Peter Navarro Says Trade Deficits Aren't Always Bad
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The White House backed away from an administration letter to key members of Congress suggesting that President Donald Trump is softening his protectionist stance on Nafta and instead seeking modest changes to the trade accord.
The draft renegotiation plans circulated in a letter from acting U.S. Trade Representative Stephen Vaughn would leave in place controversial pieces of the trade pact with Canada and Mexico, including an arbitration panel that lets investors bypass the court system to redress claims under the pact. Trump called Nafta “a disaster” during his campaign.