Executive Briefings

Trump Administration Unveils Goals in Renegotiating Nafta

The Trump administration this week unveiled its goals for renegotiating the North American Free Trade Agreement, issuing a broad plan for how it hopes to rewrite the terms of trade and transform the U.S. economy for decades to come.

Trump Administration Unveils Goals in Renegotiating Nafta

The document contained a broad list of objectives, including some goals that have been specifically championed by President Trump, as well as numerous provisions that echo the Trans Pacific Partnership, an Obama-era trade agreement that Trump has disparaged.

"You can say everybody’s objectives are in here," said Doreen Edelman, co-chair of the global business team at the law firm Baker Donelson. "I think the people that wrote the objectives wrote them in a way that will allow everybody to find a win."

More than a third of U.S. exports flow to Canada and Mexico, and business and labor groups were watching closely to see what Trump's team would prioritize in the negotiations.

Companies that export products to Canada and Mexico are wary of anything that could limit their future access to those markets. Firms that have struggled against foreign competition, as well as labor groups that have seen their members' wages undercut by foreign workers, were hoping for measures that would give them a leg up.

Read Full Article

The document contained a broad list of objectives, including some goals that have been specifically championed by President Trump, as well as numerous provisions that echo the Trans Pacific Partnership, an Obama-era trade agreement that Trump has disparaged.

"You can say everybody’s objectives are in here," said Doreen Edelman, co-chair of the global business team at the law firm Baker Donelson. "I think the people that wrote the objectives wrote them in a way that will allow everybody to find a win."

More than a third of U.S. exports flow to Canada and Mexico, and business and labor groups were watching closely to see what Trump's team would prioritize in the negotiations.

Companies that export products to Canada and Mexico are wary of anything that could limit their future access to those markets. Firms that have struggled against foreign competition, as well as labor groups that have seen their members' wages undercut by foreign workers, were hoping for measures that would give them a leg up.

Read Full Article

Trump Administration Unveils Goals in Renegotiating Nafta