Trump administration announces plans to renegotiate NAFTA

  • Trump administration announces plans to renegotiate NAFTA

Trump administration announces plans to renegotiate NAFTA

"Mexico is now Nebraska's largest export market for corn, which provides $287 million in added value to our state's economy". "Mexico is the largest export market for corn, dairy products, sugar and sweeteners in Nebraska, and the second largest market for soybeans, wheat, sorghum and distillery grains, all of which combined represent thousands of jobs in Nebraska".

"There is nothing wrong with modernizing a 23-year-old agreement, but that must be done in a way that benefits the food and agriculture sectors in both countries", Scott says.

During the 2016 US election campaign, Trump vowed to scrap the 1994 deal between the United States, Canada and Mexico if he can not adjust it to benefit USA interests.

On Thursday the Trump administration officially began its effort to renegotiate NAFTA with Canada and Mexico. An MIT public forum, however, former Mexican ambassador to the U.S. Arturo Sarukhan provided some insights regarding the future of U.S. - Mexico relations.

US agricultural exports to Mexico have quintupled under NAFTA, and ag exports to Canada have tripled.

Lighthizer told reporters that NAFTA has been successful for USA agriculture, investment services and the energy sector, but not for manufacturing.

Heitkamp touched on how fully liberalized sugar trade between the USA and Mexico has hurt North Dakota farmers and workers in the sugar industry.

"Don't take for granted our business".

Vasante adds they want to improve relations with the United States because they prefer to buy from US farmers. Trump's message that NAFTA was a job-killing disaster had. Talks with Canada and Mexico can begin after that.

Mexican trade team spokesman Felipe Vasante says his group is very concerned about a redo of NAFTA. In fact, no other country buys more Nebraska corn than Mexico.

The White House said the president has never asked Comey or anyone else to end any investigation.

"This rhetoric is making a difference, and not a good difference". "There's a strong comfort level with the NAFTA supply chain and that's why companies are concerned". "NAFTA has been one of the most important catalysts for economic growth in our industry that I have seen". "No industry here in Nebraska has told me there's a problem with NAFTA", the governor said.

He made the comments during a news conference at the Capitol with a Mexican trade delegation and representatives of the U.S. Grains Council and the National Corn Growers Association.

Lighthizer, during discussions with a congressional committee this week, indicated that currency issues will on the table during Nafta revamp, according to a Democratic Senator who was briefed on the matter. The group includes representatives from Mexico City, Yucatán, Querétaro, Jalisco and San Luis Potosí.