Walking back yet another campaign promise, Republican President Donald Trump has backed down from terminating NAFTA after phone calls from Canadian Prime Minister Justin Trudeau and Mexican President Enrique Pena Nieto.
NPR: “Last year, Canada and Mexico were the United States’ second- and third-largest trading partners, respectively. With hundreds of billions of dollars at stake, it’s little wonder those countries’ leaders pressed Trump not to abandon the trade agreement.”
“Scrapping NAFTA would be a disastrously bad idea,” Republican Sen. Ben Sasse of Nebraska said in a statement. “It would hurt American families at the check-out, and it would cripple American producers in the field and the office.”
“President Trump still calls the North American Free Trade Agreement “a horrible deal” for the United States. But in opting to renegotiate — rather than cancel — the agreement, Trump acknowledged that backing out of NAFTA would be ‘a pretty big shock to the system.’ “