Excerpt from Transport Topics via Bloomberg:
President Trump should renegotiate Nafta in a way that builds upon — rather than hinders — the movement of goods and people between Canada, the United States and Mexico, the head of the U.S. Chamber of Commerce said.
Tom Donohue told a business audience Feb. 6 in Ottawa that the new administration already has taken positive steps, such as pledging to curb regulation and advancing TransCanada Corp.’s proposed Keystone XL pipeline. Throwing up roadblocks to trade within the North American Free Trade Agreement would raise costs and threaten U.S. jobs, Donohue said.
“We would insist on doing it in a way that doesn’t disrupt the $1.3 trillion of trade that depends on Nafta” each year, Donohue said. “It’s our job to ensure that our leaders understand and appreciate how much of our prosperity is linked to this relationship.”
Donohue’s remarks, made before a scheduled meeting with Prime Minister Justin Trudeau, suggest Canada has some support from within the U.S. business community for the idea that the disadvantages of renegotiating Nafta may outweigh the benefits.
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