Economics

U.S. Says It Aims to Cut Trade Deficits Through Nafta Revamp

  • Trump administration posts list of negotiating objectives
  • Talks with Mexico, Canada seen starting as early as Aug. 16

QuickTake: President Trump's Approach to Free Trade

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President Donald Trump said the U.S. wants to reduce trade imbalances with Mexico and Canada and boost exports of everything from farm goods to financial services as it prepares to kick off talks to revamp the North American Free Trade Agreement.

The office of Trump’s top trade negotiator on Monday released the administration’s list of negotiating objectives for talks with Mexico and Canada that are expected to begin as early as Aug. 16. At the top of Trump’s list: “Improve the U.S. trade balance and reduce the trade deficit with Nafta countries.”