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U.S. Trade Representative Robert Lighthizer speaks in the Eisenhower Executive Office Building on the White House complex in Washington Monday Trump Officially Starts NAFTA Renegotiation Countdown
Eleena Tovar | 20 May, 2017, 09:41

US President Donald Trump's Secretary of Commerce, Wilbur Ross, has sent a letter to congress officially declaring the president's intent to renegotiate the North American Free Trade Agreement (NAFTA) with the leaders of Canada and Mexico.

"We intend to initiate negotiations with Canada and Mexico as soon as possible, but no earlier than 90 days from the date of this notice", he said.

"Modest tweaks will not stop NAFTA's ongoing damage, much less deliver on (President Donald) Trump's promises for a d". "We see this decision as an opportunity to look at how NAFTA could potentially be improved to make the agreement even more effective for the people of Ontario, our workers and businesses".

The move was met with skepticism by organizations that have long pressed for major changes to Nafta and have argued that Mr. Trump had already fallen short of his promises on trade. "Canada economic relationship is the gold standard of global commerce, really evolving into a post trade status within which we make things together and enhance one another's competitiveness with the rest of the world", he said.

Responding to a survey, 53% of readers said the renegotiation would negatively affect rights owners and 47% thought it would have positive consequences.

The National Pork Producers Council is urging the president to make sure that tariffs remain at zero for pork traded throughout North America. During the 1992 presidential campaign, independent candidate Ross Perot famously predicted a "giant sucking sound" as NAFTA pulled US factory jobs south of the border into Mexico.

"There is nothing wrong with modernizing a 23-year-old agreement, but that must be done in a way that benefits the food and agriculture sectors in both countries", Scott says.

"The United States values its strong economic ties with Mexico and Canada, and these negotiations should work to enhance our trilateral trading relationship".

NAFTA forced the abandonment of the countryside by the Mexican government, effectively expelling millions of peasants who emigrated to the United States and opening the doors to the growth of the narcotics trade - and hence to the control of vast rural territories by organized crime.

A report released by the Congressional Research Service found that NAFTA's impact on the usa economy "appears to have been relatively modest".

"For far too long, our nation has stuck to a free trade agenda that has led to a massive $500 billion annual trade deficit, lost jobs, and lowered wages in rural communities across the USA", said Roger Johnson, NFU president.

"We are at an important juncture that offers us an opportunity to determine how we can best align Nafta to new realities - and integrate progressive, free and fair approaches to trade and investment", she said. The impact on some vulnerable USA industries was delayed.

However, Trump wants the US government to favor American suppliers and experts worry that could lead to retaliation by Mexico and Canada.