Trump claims he is ready for "massive" renegotiation of NAFTA
(May 13) In an interview with the Economist, US president Donald Trump said that as soon as his trade czar is approved by the Senate he will start a major renegotiation of the North American Free Trade Act NAFTA.
|Just today, the US Senate voted in favor of approving Robert Lighthizer as the US Trade Representative. Lighthizer's nomination had been held up by his having to get a legal waiver as he had worked for foreign governments.|
"I have a very good relationship with Justin and a very good relationship with the president of Mexico. It was an amazing thing. They called separately 10 minutes apart. I just put down the phone with the president of Mexico when the prime minister of Canada called. And they both asked almost identical questions: 'We would like to know if it would be possible to negotiate as opposed to a termination.'And I said, 'Yes, it is. Absolutely.' So we did that and we'll start. "