U.S. President Donald Trump on Thursday reiterated his willingness to begin renegotiating the North American Free Trade Agreement with Mexico and Canada.
“I have very serious concerns about NAFTA,” he said when he met with bipartisan lawmakers at the White House. “NAFTA has been a catastrophe for our country. It’s been a catastrophe for our workers and our jobs and our companies.”
“I want to change it. And maybe we do it — maybe we do a new NAFTA and we put an extra ‘F’ in the term NAFTA…for free and fair trade, because it’s very unfair,” he said, adding that Wilbur Ross, his pick for commerce secretary, will lead the negotiations.
Trump, who took office on Jan. 20, has vowed to renegotiate the terms of NAFTA with Mexico and Canada with a threat to leave the bloc if the two nations “refuse a renegotiation that gives American workers a fair deal.”