Remember when then-presidential candidate Donald Trump stated that he would scrap the “disaster” known as the North America Free Trade Agreement (NAFTA) if elected president?
“NAFTA is the worst trade deal maybe ever signed anywhere, but certainly ever signed in this country.”-Donald Trump (2016 NBC presidential debate)
President Trump has continued downing the deal through his first 100 days in office, but according to the White House, the president will negotiate the controversial and American manufacturing-killing trade deal with partners Canada and Mexico, for now.
“It is my privilege to bring NAFTA up to date through renegotiation…It is an honor to deal with both [Mexican] President [Enrique] Peña Nieto and [Canadian] Prime Minister [Justin] Trudeau, and I believe that the end result will make all three countries stronger and better.”-President Trump via WH statement
Yes, Trump will attempt to strike a good and fair deal, but if he can’t achieve that goal, NAFTA will be terminated.
…subject to the fact that if we do not reach a fair deal for all, we will then terminate NAFTA. Relationships are good-deal very possible!
— Donald J. Trump (@realDonaldTrump) April 27, 2017
According to Fox News, Trump was on the verge of sending a 6-month notice to both Canada and Mexico, notifying them of the United States’ intentions to leave NAFTA.
“I am very upset with NAFTA. I think NAFTA has been a catastrophic trade deal for the United States, trading agreement for the United States. It hurts us with Canada, and it hurts us with Mexico.”-AP
Florida Governor Rick Scott has always agreed with Trump about dumping NAFTA, saying that Americans wanted to trade, but that it needed to “be fair.”
Florida’s Agriculture Commissioner and probable gubernatorial candidate Adam Putnam, has also expressed his opposition to NAFTA, saying that the deal was “devastating” and the damage done to Florida growers is all-but irreversible.
Trump says that the NAFTA 2.0 will benefit all three countries.