Hey look! All of a sudden Mexico and Canada are eager and willing to renegotiate the Clinton trade failure known as NAFTA. Trump hasn’t even been president-elect for 48 hours yet and Canada and Mexico already know it’s time to pay up.
Canada: (AFP)
– Canadian Prime Minister Justin Trudeau said Thursday he is willing to renegotiate the North American Free Trade Agreement (NAFTA), which US President-elect Donald Trump has said he wants to change or scrap.
During the campaign, Trump called NAFTA the worst trade deal the United States has ever signed, while proposing protectionist measures to repatriate American jobs lost to free trade.
“I think it’s important that we be open to talking about trade deals,” Trudeau — a fierce defender of free trade, which helps bolster the Canadian economy — told reporters.
“If the Americans want to talk about NAFTA, I’m more than happy to talk about it,” he said, adding that it was important to periodically reassess trade deals to ensure that they continue to be of benefit to Canadians.
Mexico (AFP):
| Mexico and Canada already willing to renegotiate NAFTA |
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Mexico is willing to “modernize” the North American Free Trade Agreement with US President-elect Donald Trump’s incoming administration and Canada, but will not renegotiate the pact, the foreign minister said.
Foreign Minister Claudia Ruiz Massieu said NAFTA has “yielded great results” for the three nations, but that there is an opportunity to make it “more beneficial” to all.
“We are willing to talk about this with the new government and with Canada as well,” Ruiz Massieu told CNN late Wednesday.
“We think it is an opportunity to think if we should modernize it, not renegotiate it, but to modernize it,” Ruiz Massieu said.
NAFTA will be discussed with Trump’s transition team in the coming months, she said.
President Enrique Pena Nieto announced on Wednesday that he and Trump had agreed to meet, possibly before the New York billionaire’s inauguration in January.
Trump has vowed to renegotiate or rip up the 22-year-old free trade deal.
Sorry boys, free ride is over.