Monday, January 23, 2017

It’s official: U.S. out of TPP, calls for NAFTA talks

It’s official. President Donald Trump has pulled the United States out of the Trans-Pacific Partnership trade negotiations.

He has also served notice on Canada and Mexico that he intends to renegotiate the North American Free Trade Agreement (NAFTA).

Trump said he has spoken to Prime Minister Justin Trudeau and Mexican President Enrique Peña Nieto and will soon be sitting down with them individually.

Trudeau took his cabinet to Calgary for meetings and NAFTA was on the agenda.

Trump’s team has already said that it will pressure Canada for better trade terms for dairy and poultry; both are under supply management and are protected by high Canadian tariffs.