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Montevideo, November 12th 2018 - 20:48 UTC

Renegotiating NAFTA trade deal with Mexico and Canada, confirmed as Trump administration priority

Thursday, January 19th 2017 - 07:13 UTC
Full article 12 comments
Mr Ross said China was the “most protectionist” country among large economies. But “Nafta is logically is the first thing for us to deal with,” he said. Mr Ross said China was the “most protectionist” country among large economies. But “Nafta is logically is the first thing for us to deal with,” he said.

The incoming Trump administration's top trade priority is to renegotiate the Nafta trade deal with Canada and Mexico, according to commerce secretary nominee Wilbur Ross during a confirmation hearing on his nomination before US senators.

 Mr Ross said China was the “most protectionist” country among large economies. But “Nafta is logically is the first thing for us to deal with,” he said.

“We ought to solidify relationships in the best way we can in our territory before we go off to other jurisdictions. That should be, and hopefully will be if I'm confirmed, a very early topic in this administration,” said the 79-year-old billionaire.

During the recent US presidential election campaign, the President-elect, Donald Trump, bitterly criticized both Nafta and trade deals with China. Trump said both were responsible for the erosion of millions of US manufacturing jobs, and promised he would renegotiate Nafta to make it more favorable to the US companies or withdraw from the 23-year-old pact.

Mr Ross told the Senate committee: “I am not anti-trade. I am pro-trade.” He added: “But I am pro-sensible trade, not trade that is to the disadvantage of the American worker and to the American manufacturing community.” And he suggested that counties that “violated” US standards for free trade should be “severely punished.”

With regard to China, Mr Ross said he would try to cut that country's high tariff and non-tariff barriers to trade. “We would like to level that playing field and bring the realities a bit closer to the rhetoric,” he added.

“It's a little weird that we have very low tariffs and China has very high tariffs. That seems to me to be a bit of an imbalance.”

He told the senators that Chinese officials talked much more about free trade than they actually practiced. “So I think a lot of what we need is elimination of inappropriate and in most cases improper trade barriers to us,” he said.

“I think American ingenuity, American management and American labor can compete very, very effectively if it's a fair fight. In a lot of cases it's not a fair fight”.

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  • DemonTree

    @FC
    Kanye hasn't lauded Trump at all. None of the posters in this thread above have done anything but criticise Trump.

    You say you're not a Kirchnerista, and no one here supports Trump, so why argue about it?

    Just because some people are hypocrites doesn't mean all are.

    Jan 21st, 2017 - 11:32 am +4
  • Captain Poppy

    And while most people with brain cells understand just how simple Trump is, and regardless of whether the GOP controls all three branches, most traditional republicans are not lock step with trump and he will need congressional approval. It does not work like the country you pretend to live in tobi.

    Regardless of what happens, the USA remains the worlds largest consumer market, more than 4 times larger than the #2. While you wish to think that countries will cut off their noses to spite their faces, they still make their money selling here Tobi.

    PS
    This in NO WAY should EVER be construed as support for Trump.

    Jan 20th, 2017 - 04:30 pm +3
  • Kanye

    Fidel Nostrils

    You criticize “America First”, yet you have no issue with the “Argentina First and Fuck the Rest” attitude of CFK and most Argentines.

    What a hypocrite you are.

    Jan 21st, 2017 - 02:33 am +3
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