Economics
How Trump Would Rework Nafta—and What Mexico, Canada Want in Return
- President to discuss Nafta with Canada, Mexico within 30 days
- Trump could discuss piecemeal reforms if partners are willing
Moec: Trump Won't Engage in All-Out Trade War
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President Donald Trump put neighboring Canada and Mexico on notice: he’s determined to wring out more favorable terms from Nafta. Now comes the hard part of reworking a trade deal that’s framed relations for more than two decades.
Trump’s plan to re-negotiate the North American Free Trade Agreement was received in Mexico with a call to protect tariff-free trading, while in Canada officials seemed more worried about avoiding unintentional damage to the economy as the U.S. targets Mexico. The U.S. president has broad powers to implement trade policies. While Trump has given few details about exactly what he’s seeking from a Nafta re-think, it could be a long and potentially messy process.