Donald Trump vows to reopen, or toss, NAFTA pact with Canada and Mexico

By: | Updated: June 29, 2016 9:24 AM

Republican presidential candidate Donald Trump on Tuesday vowed to force Canada and Mexico to renegotiate the NAFTA trade agreement with the United States if elected, as part of an effort to protect and restore American jobs.

trumpDonald Trump criticized the North American Free Trade Agreement as a US job killer, saying he would be willing to scrap the pact if Canada and Mexico were unwilling to budge. (Reuters)

Republican presidential candidate Donald Trump on Tuesday vowed to force Canada and Mexico to renegotiate the NAFTA trade agreement with the United States if elected, as part of an effort to protect and restore American jobs.

Trump criticized the North American Free Trade Agreement as a US job killer, saying he would be willing to scrap the pact if Canada and Mexico were unwilling to budge.

He also tried to link Democratic rival Hillary Clinton to the deal on the eve of a meeting in Ottawa of the “three amigos,” the leaders of the three NAFTA signatories: the United States, Mexico and Canada.

In his most detailed speech on trade, the presumptive Republican nominee said he would pull the United States out of negotiations for a deal among 12 Pacific Rim nations and promised to use executive power to resolve trade disputes with China.

Trump also pledged to revive the US steel and aluminum industry, speaking at an aluminum scrap company in Monessen, Pennsylvania, nearly 30 miles (50 km) south of Pittsburgh, the one-time American steelmaking capital.

Trump has identified Pennsylvania as a state he believes he can wrest from the Democrats in the Nov. 8 election. He also campaigned on Tuesday in Ohio, which like Pennsylvania is a Rust Belt state.

Democratic President Barack Obama won both states in 2008 and 2012, but manufacturing job losses have led to voter anxiety in the region.

“I’m going tell our NAFTA partners that I intend to immediately renegotiate the terms of that agreement to get a better deal for our workers. And I don’t mean just a little bit better, I mean a lot better,” Trump said in Pennsylvania.

If Canada and Mexico do not agree to renegotiate the pact, Trump said he would notify them under the agreement’s terms “that America intends to withdraw from the deal.”

Get live Stock Prices from BSE and NSE and latest NAV, portfolio of Mutual Funds, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Switch to Hindi Edition