White House Is Said to Draft Plan for U.S. Break From Nafta - News Summed Up

White House Is Said to Draft Plan for U.S. Break From Nafta


In recent days, the White House has announced that it will impose tariffs on Canadian lumber and asserted that Canada has treated the American dairy industry unfairly. During his presidential campaign, Mr. Trump called Nafta “the worst trade deal” the United States had ever signed. Last month, however, he was reported to be leaning against withdrawing from the agreement, and instead seeking to renegotiate it. Advertisement Continue reading the main storyAccording to the draft letter, signed by Stephen P. Vaughn, the acting United States trade representative. Mr. Trump wanted to adjust the agreement’s rules of origin, or how much of a product must be made in a Nafta country, and wanted Nafta partners to expand the market for United States-made goods in their government procurement.


Source: New York Times April 26, 2017 19:45 UTC



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