Last quote about NAFTA

Wilbur Ross
So, I don't know whether we'll be able to do that. But we're certainly mindful of the calendar and the fact that the calendar is fundamentally not our
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Jun 19 2017
NAFTA has been commented on by 208 key people in the news. You can find all of them on this page with their statements. People who have been most quoted about NAFTA are: Wilbur Ross, Jim Cramer, Ildefonso Guajardo and Justin Trudeau. For instance, the most recent quote from Wilbur Ross is: “So, I don't know whether we'll be able to do that. But we're certainly mindful of the calendar and the fact that the calendar is fundamentally not our friend.”.
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All quotes about NAFTA

Juan Cortina Gallardo

We definitely gave up a lot. Besides it making sense for the Mexican industry to sign the agreements, it also makes sense for Mexico to finish the agreement in a successful manner because of

Mark Recker

It's up to us to explain why trade is important. And I think they're reacting to that

Mark Recker

The perception of changes hurts the market. Once you lose a market, it's very difficult to get that market back. Food is national security to them, and we need to take it very seriously. We're working with our senators and other organizations to let the administration

Daniel Pearson - Cato Institute

If it had melted down, the NAFTA conversation would have been more difficult. The fact that an agreement could be reached on a sensitive topic like (sugar) bodes well for dealing with sensitive talks in

Pedro Ocampo

All companies want to reach the final consumer because that's where you get the best price. So it's only fair that (Mexican) companies also sell their sugar to final

Narciso Hernandez

We don't believe anything the PRI says anymore. We just don'

John Bode - Corn Refiners Association

From our perspective, if we meet our sugar import needs from elsewhere, we don't gain any jobs, but if we lose our corn syrup market in Mexico – that's

Andrew I. Rudman - ManattJones Global Strategies

If you cave on sugar if you're Mexico, then what does that say about what you're going to do in Nafta negotiations?feedback

Adam Putnam

Unfortunately, the current trade environment created under NAFTA is anything but a fair and level playing field for Florida's

Ramon Paz

Our first strategy is to continue shipping to the U.S. market. Our second strategy is diversify – and we are working on that too. There is no harm for the California producers but benefits actually. Imports of avocados from Mexico have increased demand in such a way that nowadays California producers sell all they can

Tom LaFaille

Canada maintains discriminatory and burdensome nontariff trade barriers impeding U.S. wine

Christopher Thornberg - Beacon Economics

Canada is by far and away the bigger partner. We actually import more from Mexico than we

Annemarie Pender

We believe the NAFTA rule of origin, which establishes the highest threshold of any free trade agreement the U.S. has ever negotiated, should remain

Eduardo Solis

Our position is that the trade agreement has been a success, and we shouldn't be touching something as important as the rules of origin. In terms of access to markets and rules of origin, what we have is a shared position. We need to remain cautious and at the same time prepare the data that shows why NAFTA has been a success for the three

Deborah Elms

For countries like Chile, they live in a difficult

Ildefonso Guajardo

It is in the best interest of Mexico to be linked to the Asian economies. We are now creating a new membership…in order to not waste the negotiating capital we have invested in

Todd McClay

I've formally written to the Pacific Alliance members requesting that New Zealand become an associate member. We see South America, along with Mercosur, with Europe, with Asia, our relations with the U.S. as very important to New Zealand trade

Paulina Nazal Aranda - Pacific Alliance

It's well known that New Zealand and Australia are in the top list for us to initiate this kind of

Wesley Spurlock - National Corn Growers Association

Mr. President, America's corn farmers helped elect you. Withdrawing from NAFTA would be disastrous for American

Wilbur Ross

The way were going to go away about is product by product, country by

Luis Videgaray

We understand that this is a 25-year-old agreement, when it was negotiated. The world has changed, we've learned a lot, and we can make it better. We can make this a negotiation that is good for the three parties involved, certainly, under a win-win

Steve Censky - American Soybean Association

The trade agreements that we've had have been very beneficial. We need to take care not to blow the significant gains that agriculture has

Sonny Perdue

I tried to demonstrate to him that in the agricultural market, sometimes words like 'withdraw' or 'terminate' can have a major impact on

Aaron Lehman

You don't start off trade negotiations ... by picking fights with your trade partners that are completely

Robert Lighthizer

As a starting point for negotiations, we should build on what has worked in NAFTA and change and improve what has not. If renegotiations result in a fairer deal for American workers there is value in making the transition to a modernized NAFTA as seamless as possible. As the president has said, we are going to give renegotiation a good strong

Robert Lighthizer

We note that Nafta was renegotiated 25 years ago, and while our economy and businesses have changed considerably over that period, Nafta has not. Big isn't a good enough word.

Tom Donahue - US Chamber of Commerce

If we all do our jobs well, the result will be a stronger agreement that spurs economic growth and job creation, not just in the United States, but across North

Robert Lighthizer

I would note that many of these negotiations will be bilateral and many of the issues are bilateral, but our hope is that we will end up with a structure that is similar to what we have now. If that proves to be impossible, we will move in another direction. We should build on what has worked in NAFTA, but change and improve what has

Wilbur Ross

Since the signing of NAFTA, we have seen our manufacturing industry decimated, factories shuttered, and countless workers left jobless. President Trump is going to change that. I look forward working with the President, Ambassador Lighthizer, and our counterparts from Mexico and Canada, to find a solution that is both fair and beneficial for all

Nancy Pelosi

The president's vague NAFTA letter is a stark contrast with the aggressive promises he made to hard-working families during the campaign. For all his rhetoric, President Trump looks to be sorely disappointing American workers on

Kevin Brady

We look forward to working with the administration to strengthen the agreement in a seamless way and ensure that we retain the current benefits for American workers, farmers and

Chrystia Freeland

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. We are steadfastly committed to free trade in the North American region and to ensuring that the benefits of trade are enjoyed by all

Michael Brune - Sierra Club

Donald Trump promised that he'd fix Nafta on his first day in office. One hundred and nineteen days later, he has managed to send Congress a two-page letter that fails to include any real plan to fix a deal that has undermined environmental protections, eliminated jobs, undercut wages, polluted our air and water, and fueled climate

Robert Lighthizer

Today, President Trump fulfilled one of his key promises to the American people. For years, politicians have called for the renegotiation of this agreement, but President Trump is the first to follow through with that promise. Moreover, establishing effective implementation and aggressive enforcement of the commitments made by our trading partners under our trade agreements is vital to the success of those agreements and should be improved in the context of

Frederic Garcia

There was a moment where the probability, or the perception that NAFTA would end, was very strong. But today I think there's an awareness that it will continue. The big worry that the deal could come to an end is an issue that's behind us. As far as the U.S. firms in the CEEG go, from the first day of the new U.S. administration they've stated their great interest to continue operating in Mexico (and) their great interest to continue investing in

Charles Grassley

It sounds to me like it's going to be trilateral unless there's problems that come up with that sort of machinery, then of course they would do it

Emily Schillinger - Brady

Chairman Brady is looking forward to meeting with Ambassador Lighthizer this week with our committee members and HAGON members. These conversations will be an important opportunity to discuss the NAFTA process and other

Julia Lawless

The meetings will give members the opportunity to meet directly with Ambassador Lighthizer and discuss how Congress can work with the administration to advance a strong pro-growth trade agenda, including ideas to modernize

Robert Lighthizer

I am grateful to have been asked by the President to serve him on this very important issue of international trade. I further believe that when my grandchildren, who are here today, talk to their grandchildren, they will say that President Trump permanently reversed the dangerous trajectory of American trade, put America first, made our farmers, ranchers, and workers richer, and the country safer. And I hope I can make some small contribution to that

Ben Sasse
John McCain

Unfortunately, your confirmation process has failed to reassure us that you understand the North American Free Trade Agreement's (NAFTA) positive economic benefits to our respective States and the nation as a

Jack Ablin

I'm concerned that small caps are not doing anything. It's an indictment or skepticism this policy will occur. I think people are starting to discount what Trump says. Why is Mexico outperforming the U.S. so much with all this talk about a wall and NAFTA? Why are municipal bonds keeping pace with taxable bonds. I thought they were supposed to go down with tax

Ildefonso Guajardo

The precondition to negotiating NAFTA is that we can't go back to the

Ildefonso Guajardo

We will use (the China visit) geopolitically as strategic leverage. It sends the signal that we have many alternatives. We all know that China is not a free trader, that's the reality. If NAFTA disappears, I can export cars (to the United States) paying 2.5 percent tariffs. If they want to export yellow corn to me, I can raise tariffs to inaccessible levels. But to make that strategy credible, I have to broaden our agreements with Brazil and

Orrin Hatch

I told Mr. Lighthizer there are definitely opportunities to update and improve Nafta, but it is important that the administration follow the spirit of the Hippocratic oath: First do no

Rafael Camarena - Santander

Consumer confidence is recovering after the January shock. It's a temporary

Bill Adams - Ibc

If financial markets get tired of thinking about trade policy as it relates to the

Mark Zandi - Moody's Analytics

The Mexican economy has its problems, but it has arguably been the best-performing Latin American economy in recent years. It has become less dependent on the ups and downs in oil prices, and more integrated into the global supply chain. Given its young population, Mexico has a bright economic future, particularly if it is able to address its problem with crime and

Mark Zandi - Moody's Analytics

Those apparel, textile and light manufacturing jobs will simply go to other lower-cost producers in other parts of the

Mark Zandi - Moody's Analytics

Even if NAFTA should be changed in favor of the U.S., it is very unlikely that this will mean that the jobs the U.S. lost to Mexico in the decade after NAFTA was passed will ever come back to the

Luis Aguirre

The key thing is to see how we can get a win-win on the products most used in our countries, and to develop common manufacturing platforms that allow us just to buy between ourselves the biggest amount of inputs we

Fred Steneck

Politics is politics, so Mexico is going to start from this side, and Trump is going to start on this side, and they'll both be happy with what the outcome is. That's part of the

Francisco Arzate

I kind of have my trust in Congress and the House of Representatives, and the House speaker. I have my trust on them, not so much on

Jeffrey Lehosky

If they didn't have their manufacturing in Mexico - the plants, the Ford plants, the Chevy plants, the GM plants - then they'd be right back up in Michigan or they'd be back in Ohio or they'd be back in Indianapolis or Indiana, and there'd be more employed people here in the States as opposed to Mexico. And the price of the vehicle's not going to change, realistically, when you think about it. . . . I just kind of believe in 'Made in the USA.' You know? Buy

Pete Saenz

There's this uncertainty here, and people are holding back, especially investors here in the border area. The sooner we come up with a policy as to how we're going to deal with all of these border issues - border security, NAFTA, immigration - the better, so we can all adjust to it and move forward, because it is hurting us economically. He didn't have much feedback. He was kind of in a taking-it-in mode. But he did listen, so we'll see. I think it's going to work out. Frankly, I want him to succeed on these issues because, frankly, it's important for the country to

Donald Comer

This used to be one of the biggest furniture-making areas, and now people are living in poverty because there are no jobs here. My girlfriend's family, there are two or three people in the family who can't find a job because there is nothing here. Without having to travel a hundred miles away, there's nothing right here in our

Ervin Whipple

He's really going to mess the economy up? If he does that - nah, he ain't going to do that. He's just

Donald Comer

No, no, no, no, because the companies then come back here and end up building products here in America. They still have to have that product hauled from place to place. That's not going to hurt the industry. It might help

Lewis Alexander - Treasury

This is what he ran on. It is a sign of him being consistent, but I was surprised Canada was brought to the head of the

Justin Trudeau

Canadians are rightly aware that much of our economy depends on a good working relationship with the United States, a good integration with the American

Wilbur Ross

I don't think this has anything to do with the personal relationship between Mr Trudeau and the

Steve Rustja

This is really punitive. It will make trading across the border really difficult. I think it will escalate, and we are expecting more taxes when the International Trade Commission adjudicates on an anti-dumping case. But this does reflect the increasing protectionism in the White

Mauro Guillen

The US and Canada have had a lumber-related dispute over Canadian subsidies for quite some time. What is interesting here is the timing. Is Mr Trump trying to send a message to Canada that he wants to get tough concerning Nafta or dairy negotiations? Or is he sending a signal to Mexico or China?feedback

Steve Jarding

It's horrible. He has singled out lumber and dairy, and they are not even covered by Nafta. You don't create policy in a vacuum and that is what he is doing. It is just a show – he is puffing out his chest to show how tough he is. The whole thing is madness – it sets a precedent and other countries will

Lewis Alexander - Treasury

We're also going to stand up for our dairy farmers. Because in Canada some very unfair things have happened to our dairy farmers and

Wilbur Ross

It has been a bad week for US-Canada trade relations. Last Monday, it became apparent that Canada intends to effectively cut off the last dairy products being exported from the United States. Today, the Department of Commerce determined a need to impose countervailing duties of roughly $1bn on Canadian softwood lumber exports to us. This is not our idea of a properly functioning free trade

Tom Vilsack

I certainly agree with the strong language the president has directed toward Canada. I'm a little concerned about the uncertainty he's created with his NAFTA discussions in

Larry Kudlow

If we helped, I'm very pleased. I think the president has set a terrific tax reform, economic growth

Larry Kudlow

Just wants to move. He's been tied in knots on health care, and he had an impulse to get it together on

Bill Daley

Trade is an integral part of our foreign policy. Obviously, the president wants to build a wall, he wants to deport all sorts of people back and blah, blah, blah. You can't separate it. Obviously, in a campaign people say lots of things that they find, when they get in the office, life's a little different. I think it's a good sign that Wilbur Ross is there trying to renegotiate

Joseph Parilla - The Brookings Institution

Politically, he's somewhat beholden to the fact that that message was received well by a lot of his

Joseph Parilla - The Brookings Institution

It's a little bit ironic that the administration pulled out of TPP immediately and now a renegotiation of NAFTA looks a lot like

Marcus Noland - Peterson Institute for International Economics

He's transposing into government his bargaining strategies from his previous business life, which were kind of confrontational and

James Angel

Trying to undo the integration NAFTA has brought is going to create problems for a lot of

Joseph Parilla - The Brookings Institution

We're disproportionately reliant on Canada and Mexico to make the core products and services the U.S. economy relies

James Angel

The reality is the global supply chain is very complex, as it should be – we want to have an efficient and productive global production

Michael Moore

One of the problems with President Trump is he's developing a reputation of talking very loudly, making pretty strong statements and then backing down. I'm sure the Canadians are noticing that and expecting

Marcus Noland - Peterson Institute for International Economics

The sensible way would be to… basically take the chapters of TPP that address issues like e-commerce, and say, This is the modernization of NAFTA. That would make sense and it would be pretty

Daniel Ikenson - Cato Institute

I think Trump knows how to talk tough, and his supporters have come to expect him to be that way, but he's also come to recognize… that protecting the U.S. market comes at a huge cost. If he impedes trade, there will be consequences for U.S.

Steve Okun

If you're a business and you have a global supply chain and you trade across borders, how are you going to put all this together to take advantage of those bilaterals? You can't. The multilateral system eliminates the spaghetti bowl problem. And it also brings a set of rules that you can craft your business around and you can craft your supply chain around. What Secretary Ross was talking about was one of the biggest issues that was negotiated in the TPP. All of that was negotiated at length in that

Steve Okun

[For] the four presidents preceding Donald Trump, we had a focus on a multi-lateral system that was rules based, and that evolved over time and it went from FTAs (free-trade agreements) and WTO (World Trade Organization) and up to the TPP (Trans-Pacific Partnership). The Trump administration seems to be shifting that from a multilateral to a bilateral and from a rules-based to a transactional. It is certainly a step

Steve Okun

I wouldn't be surprised if the negotiations start with where we were on the TPP on rules of origin and then apply it to

Steve Okun

The U.S. has 14 different FTAs right now. The U.S.-Singapore FTA has slightly different provisions than the U.S-Korea FTA, which has slightly different provisions than the U.S.-Australia FTA, but that doesn't include countries like Malaysia and

Sean Spicer

The president has made addressing the problems of NAFTA a priority throughout the campaign, and once the president makes a decision about how he wants to address that, we'll let you

Wilbur Ross

My practice is to comment on things we've actually done or are doing as opposed to commenting on

Reince Priebus - Republican National Committee

The president has put himself in a perfect position on NAFTA because folks know he's inclined [to be] negative on NAFTA, yet he's open to negotiating. It's a good spot to be. The leverage is all with the

Chuck Stevens - General Motors

We are in favor of tax reform, we think it's good for the economy, good for consumers, good for businesses. We certainly support improving NAFTA where it makes sense. Any changes need to be phased in ... there needs to be a period of time to adjust. But again, we are in favor of strengthening NAFTA. What was rolled out earlier this week was obviously not very detailed so it's hard to provide any real perspective because there is still a lot of uncertainty. But from a general overall position, we certainly favor

Larry Kudlow

We texted him and said, Come by if you'd like,' . Well, he did, and he spoke for two or three minutes and took

Sam Nunberg

The president was being ill-advised that he had to repeal Obamacare before passing taxes. The two are mutually

Larry Kudlow

Everyone looked around and said, This is the Steve we knew during the

Luis Videgaray

We are not going to accept any type of renegotiation. We prefer, in any event, to abandon the treaty than have a bad negotiation of the treaty, and in this we have been clear publicly and with the government of the United

Wilbur Ross

Mexico's trade deficit with China is approximately equal to their trade surplus to us. It's not an accident. The rules of origin in NAFTA need some tightening. Rules of origin are what let material outside of NAFTA to come in and benefit from all the taxes and tariff reductions within NAFTA. It was a silly idea to let a lot of outside stuff in. The whole idea of a trade deal is to build a fence around participants inside and give them an advantage over the outside. So there's a conceptual flaw in that, one of many conceptual flaws in

Wilbur Ross

If we could only get Congress to release the 90-day letter, we'll be going on our side as well. In many critical things such as the very high purity of the aluminium we need in aerospace, we only have one producer. That's not a good

Alex Lawrence

At this moment NAFTA negotiations have not started. Canada is ready to come to the table at any

Bob Stallman

I've never seen any negotiation when one country comes to the table and says, This is the way it's going to be. It's either my way or the highway, so take it or leave it,' . If that happens, then nothing happens, because the other country won't accept that. It's that

Andrew C. Fish

Our companies make plans five, 10 years into the future, sometimes at the very least. Uncertainty is always a challenge for our industry, and I think most others. We would certainly welcome policy clarity, sooner rather than later, and would like to work with the Trump

Hun Quach - Nafta

We're looking to see a Nafta that is updated and modernized to reflect current supply chains, but also updated to reflect new sectors like the digital

Ryan Cardwell

The effects of this trade agreement on agriculture, that's something you can't assign a number to. However, there is a broad consensus that Nafta did increase integration of agricultural markets in North

Lloyd Wood

Obviously, that's some pretty big numbers, and so Nafta is obviously extraordinarily important to the United States textile industry. That being said, we agree with the Trump administration that Nafta is due for a comprehensive review to determine whether it can be

Armando Rios Piter

It seems like he's sitting at a poker table bluffing rather than making serious decisions. In front of a bluffer, you always have to maintain a firm and dignified

Arturo Sarukhán

The generous analysis would be that he's playing brinkmanship and trying to up the ante. This is a way to sort of rattle the scabbard and say that he's got a saber in it and say, If you don't agree to my demands then I'm going to end up pressing the nuclear

Eduardo Bravo

Really, you have to maintain hope and keep working to maintain the relationship. There's a lot of work to

Trevor Noah

What are black people are supposed to do on this holiday?feedback

Chad Bown - Peterson Institute for International Economics

It's unclear if you need Congress. Part of the issue is we've never done something like this before; we've not gone through the legal i's that need to be dotted and t's that need to be crossed. The White House is supposed to consult with Congress [about free trade accords] at a minimum, but what does that mean? That's up for interpretation. You could tell trading partners that you may withdraw in six months, but in the end you choose not to withdraw, so it's not actual

Chris Wilson

It definitely signaled the US goal would be to update NAFTA and improve it – not to blow up

Stephen Vaughn

Withdrawing from (hash)NAFTA would be a disaster for (hash)Arizona jobs & economy. (At)POTUS shouldn't abandon this vital trade

Ron Johnson

Under the plain wording of NAFTA Article 2205, providing the written notice is simply a condition that a party has to fulfill before it proceeds to withdraw from NAFTA. Providing the notice does not have the effect of causing a party to withdraw from NAFTA. Since NAFTA was approved by Congress under the authority expressly granted to Congress under the Commerce Clause, it follows that only Congress has the power to reverse that approval and cause the United States to withdraw from

Jack Ablin

Expectations kind of sagged back to pre-election levels and now this tax rhetoric is rekindling investor optimism. Whether or not these plans come to pass is difficult to say. It is certainly not going to happen

Alexander Downer

If you want free trade with us, that is great. How do you achieve that, we are relaxed about that - we wouldn't have any objection in principle to the UK trying to come alongside on the TPP, it is a very high-quality

Crawford Falconer

The WTO has plateaued because it hasn't got the kind of leadership and innovative thinking that will take it to the next level. The UK now has a unique opportunity, within the WTO, to provide economic leadership for the world trade agenda - and my God, doesn't the world need that right now. Many of the leading economies in the world has lost the plot. An economy like the UK is going to be an independent and powerful voice for reform and change in the global economy, and that is going to be a massively refreshing political voice in Geneva [at the WTO's headquarters].feedback

Alexander Downer

I think the TPP will go ahead, I think Japan's switch in position is very promising and Prime Minister Abe said he wants the TPP 11 [countries] to go ahead. Could the UK join that? We wouldn't have any

John Weekes - Nafta

In many ways it would make a lot of sense for the UK to join Nafta - you wouldn't have to sit down and work out de novo what a trade agreement with the US would look like, you would start with something that is already there. In many ways it would make sense to think of docking initially with some of these existing agreements rather than starting from the beginning to negotiate a set of free trade

John Weekes - Nafta

It would make a lot of sense from a UK perspective to have one agreement with the North American countries rather than three agreements [one per country] especially when those countries have one agreement with each other. Why not think of joining that? In many ways the TPP agreement is a modernisation of Nafta as it involves the three Nafta

Laura Dawson

You're trying to find a pattern, and it's really difficult to say whether we should expect that there would be a pattern in the way that this White House behaves in its foreign relations. I think it's going to go more or less the way it has gone in previous negotiations. The things that are more worrying here are the leakage between the issues that are known to be systemic irritants and the broader trading relationship. We all know that we're not going to get along on softwood, but that's not a reason to blow up the

Wilbur Ross

If NAFTA were functioning properly, you wouldn't be having these kinds of very prickly and unfortunate events back to back. They are generally a good neighbor. That doesn't mean they don't have to play by the rules. The problem with dairy isn't that they're dumping dairy products in the US. The problem is worse. They are prohibiting US dairy producers from selling their products in

Wilbur Ross

There was a rumour today that there would be an executive order, just a rumour, and my practice is to comment on things we have actually done or are doing as opposed to commenting on

John McCain

Withdrawing from #NAFTA would be a disaster for #Arizona jobs & economy – @POTUS shouldn't abandon this vital trade

Wilbur Ross

They are a close ally, they are an important ally, generally a good neighbor. That doesn't mean they don't have to play by the rules. Things like this I don't regard as being a good neighbor, dumping lumber. And there's a feeling in the dairy industry that they are a little bit abrupt in the action they took the week before. I think it does. Think about it: If NAFTA was functioning properly, you wouldn't be having these kinds of very prickly, very unfortunate developments back to back. NAFTA has not worked as well as it should. Now you're really getting outside my

Marc Chandler - Brown Brothers Harriman

NAFTA negotiations haven't even begun yet, and I think it'll maybe catch people by surprise. We all thought Trump was going to pick on

Andres Jaime - Barclays

How I read this is markets were discounting a very benign scenario, and this is a wake-up call. The administration is willing to push for some changes in the way the U.S. trades. ... The general story hasn't changed that much. the U.S. is not ripping up NAFTA or something very

Tom Donohue - US Chamber of Commerce

Yes. That's my opinion. That's my view. The bottom line is we need to move forward on this deal. It is critical to our economic and geopolitical well-being.

Tom Donohue - US Chamber of Commerce

We're not going to be fooling around with this deal in 2018. In fact, we haven't heard of that in a long time. Because if a country were to put a 35 percent tariff on products moving into their country, the guys you're trading with are going to do it the next

Tom Donohue - US Chamber of Commerce

(Trump) is looking at how to get things done. And I can tell you that he wants to speed this thing

Bill Morneau

No surprises, from my perspective. It's really not a surprise that we've moved from a positive relationship, which it is, to thinking about specifics. The measures around trying to reduce speculation in the market, we think are positive. We do believe that there's an important issue around psychology in the market that needs to be addressed, and Ontario's making progress on that issue. We haven't entered into NAFTA discussions

Luis A. Ribera

This could certainly become an issue in any attempt to renegotiate NAFTA. Once you open NAFTA, everything is theoretically on the table for

Laura Dawson

Canada has been looking at a deal with China for a long time, but the destabilization of the NAFTA relationship has made it even more important for Canada to look for alternatives to the U.S. market. Canada is well-known to be a middle power, a negotiator, a conciliator, and so we can explore a range of possibilities and negotiating outcomes with China. But when the two world leaders, when China and the United States, get into a room, it becomes more of a power

Elías Massri

We don't depend on NAFTA at all, not for exports or for supplies. For us, this is where the opportunity

Thea Lee - AFL-CIO

The NAFTA notification was clearly inadequate, and a disappointment given all the rhetoric and campaign promises on that

Drew Greenblatt

The vice president looked at his cellphone and said, This wasn't around 23 years ago. Pence said Nafta is from a different time and the world has changed

Paul Christopher

The market's been reversing itself on Mexico and on NAFTA for some time. The initial reaction was the bludgeoning of Mexico and the peso. I think the market's anticipating a renegotiated NAFTA that's not so bad as people were

Paul Waldman

I’m going to rip up those trade deals, ” Donald Trump promised when he was campaigning for president, and about no deal was he more emphatic than the North American Free Trade Agreement, signed by George H.W. Bush and ratified under Bill Clinton. “NAFTA has been a disaster for our country. NAFTA has to be totally gotten rid of, ” he said. “So, all of that will change with me and what I tell people is you’re going to have jobs.”.feedback

Mark W. Warner

It's not ripping up Nafta, but there are a bunch of sticks of dynamite contained in those pages. It's going to be a messy, hard-slogging

Ross Perot

I believe the time will come when trade will be free from Alaska to Argentina, when every citizen of the Americas will have the opportunity to share in new growth and

Beatriz Leycegui - Nafta

I think it's good news for Mexico. I think this is a responsible letter, something that is indicating a willingness to cooperate, to work together in the competitiveness of the region, and this is extremely important for Mexico at a time when Mexico needs to have clarity and make progress on this

Antonio Ortiz-Mena - Albright Stonebridge Group

It could lead to tit-for-tat protectionism. That particular issue would keep me up at

Luz María de la Mora

Because when are we really going to know what the stance of the White House is? That is where all the uncertainty lies, more so than in the substance of this

Sean Spicer

That is not a statement of administration policy. That is not an accurate statement of where we are at this

Wilbur Ross

There's no change in our thinking. This letter simply describes in very broad outline the topics that we will be discussing. So I don't think there's any great reason for you to overthink

Wilbur Ross

There's no change in our thinking ... I don't think there's any great reason for you to overthink

Carlos Elizondo

The temptation to simply delay the negotiation until it becomes the next president's problem is

Carlos Elizondo

It is clear that Trump's priority right now in terms of his agenda is to try to pass Trumpcare, and we know how long that takes. The outcome of that debate and process in the U.S. Congress will undoubtedly affect every other item on his list, including, of course,

Juan Pablo del Valle Perochena - Mexichem

When you know the kind of value chain that we have, you understand that it is a very difficult world to destroy, almost impossible. There is so much at stake, of course, more for Mexico than the U.S., but there is a lot of value already in place. And when people understand that, they don't worry so

Michael Camuñez - ManattJones Global Strategies

From the Trump and American perspective, this is purely an optional problem. They have taken one of the most productive trade relationships in the world and amazingly have turned it into a

Pamela Starr

The longer we wait, the harder it is going to be for Trump to get what he wants because the nationalist pressure on Peña Nieto will be cumulative. The longer he is in the presidency, from today forward, the more of a lame duck he

François-Philippe Champagne

We have a good relationship, but I do believe when you look at the supply chain in North America, we can do so much more together. We value our political and commercial relationship with Mexico and we will work closely with Mexico to build a more prosperous North

Bill Morneau

Our view is that something can always be improved, and as long as we focus on better outcomes for our constituencies, we can get to a good

François-Philippe Champagne

For me it is quite clear. NAFTA is a three-nation agreement. So the way to renegotiate a three-nation agreement is on a trilateral

François-Philippe Champagne

The United States has not yet still made a formal notification to Congress about the issues and also about the timing with respect to the renegotiation of NAFTA. But what is important to acknowledge is that, as Prime Minister Trudeau said, we are prepared to sit down at the table. NAFTA is an agreement that was negotiated about two decades ago and has been amended already about 12

Justin Trudeau

We've got auto parts criss-crossing the border six times before they end up in a finished product. You've got over $2 billion a day going back and forth. So, making sure that the border is ... secure but also smooth in its flow of goods and people is essential to good jobs on both sides of the

Justin Trudeau

I know and I've always felt for Canada that we recognize that diversity is a great source of strength. I think Canadians have always been interested in the choices Americans make because the choices you make inevitably impact upon us ... and how we make sure that we get that balance right between continuing to have a good relationship and standing for the things we believe in is what we expect of

Justin Trudeau

NAFTA's been ... improved a dozen times over the past 20 years. There's always opportunities to talk about how we can make it better. It has led to a lot of great jobs for a whole lot of people on both sides of the border and I very much take [US President Donald Trump] at his word when he talks about just making a few tweaks. Because that's what we're always happy to

Tom Carper

Mexico is now maybe our top customer for American poultry -- in the whole world. And Canada maybe is among the last. Among the worst. (In Canada) they slap a tariff -- I think it's something like a 200- to 250-per-cent tariff -- on poultry. It takes away a lot of incentive to try (our) Delmarva chicken when you have that kind of a tariff. Your thoughts on fixing that kind of imbalance if we have the chance to renegotiate NAFTA?feedback

Wilbur Ross

The next stage will be – hopefully sometime in the next couple of weeks – issuing the 90-day (consultation) letter. That's what triggers the beginnings of the formal process itself. We don't have a date certain for that. We've been in discussion with the – Senate finance committee and the House ways and means committee. It will either be two parallel bilaterals, with symmetrical provisions. Or one new trilateral. We're less concerned at this stage with the exact form than we are with trying to get to the

Wilbur Ross

NAFTA is a trilateral agreement and it would make a lot of sense to have trilateral

Juan Cortina

There was a sugar mill...that was loading a ship headed to refineries in the United States and when it was ready to leave the port, we suddenly learned that the export contracts were being

Daniel W. Drezner

There is no economic reason for the Trump administration's hostility to trade agreements. There are a few political reasons,

Carlos Ghosn - Renault

I'm not so worried because frankly I think NAFTA is so much in the interest of all parties. We are used to dealing with different countries, political change, agreement change, and this is not an

Carlos Pascual - IHS

The prospects are for additional gas supply only to continue to increase, and right now we see over the next five years, at least, relatively flat prices for natural gas globally, so the question then becomes, Where does American natural gas fit in?feedback

Daniel Yergin

I expect to hear a great deal at CERAWeek from Prime Minister Trudeau and industry leaders about the importance and mutual benefit from the large cross-border energy [integration]. Whatever the eventual outcome of the NAFTA debate, they're not going to want to lose

Daniel Yergin

The growing energy integration of North America is very beneficial to all three countries. U.S. natural gas producers get additional markets, while Mexican consumers get lower-priced electricity generated with that gas. Canadians get markets for their oil, reducing U.S. reliance on Venezuelan oil, while American workers in manufacturing benefit from big equipment markets to the

Daniel Yergin

This integration is not only beneficial from an economic point of view but also from a development point of view, which was one of the reasons it was encouraged in the first

Carlos Pascual - IHS

It will give them an opportunity to bring international technology and capital in to develop Mexico's deep water. Pemex never could have developed that. In the United States, there's been a huge benefit in the sale of natural gas to Mexico and also in the renewable-energy sector. Many of these companies buy GE equipment, for example. GE is a massive player here, particularly in wind turbines, so there's been a very significant boost to American commercial interests as a result of the development of natural gas and the power

Justin Trudeau

There's always opportunities to improve trade deals. NAFTA has been improved a dozen times over the past 20

Guajardo Ildefonso

The moment that they say, We're going to put a 20 percent tariff on cars,' I get up from the

Cesar Ochoa

Are we in trouble? I don't think so. Mexico has a world class team of negotiators. The U.S. shouldn't do too bad for themselves, but Mexico is not a

Sergio Ornelas

A new crisis is an opportunity to restructure, have better institutions. Be calm. Patience. Sell and inform about the benefits of NAFTA. We only hear the negatives, we only hear the bad guys

Chrystia Freeland

We very much recognize that NAFTA is a three-nation agreement and were there to be any negotiations, those would be three-way negotiations. We all have to collectively be careful not to get ahead of

Luis Videgaray

NAFTA is a three-party agreement and any conversation we have regarding that ... will be a three-party conversation; it has to

Guajardo Ildefonso

Nothing in the new NAFTA should be a step backward. We will definitely not include any type of trade management measures, like quotas, or open the Pandora's box of tariffs. That will be disastrous in any process moving

Carla Hills

The fact that the President met with Congressional leaders on Feb. 2 and discussed NAFTA renegotiation does not mean the U.S. clock has

Mark W. Warner

I can't see how it's possible at all. It would be very complicated to do and I don't think Mexico would ... ever go along with

Matthew Kronby

It is very hard to tease apart the elements of the deal that I suppose Trump might think are a disaster with Mexico while leaving it intact with

Ron Kirk

[TPP] was at the top of Canada's agenda because they wanted to be a part of that new market. And the irony was that the Trans-Pacific Partnership effectively was the opportunity for the three North American partners to modernize and update

Carla Hills

Canada is our largest export destination, and Mexico is our second largest. And I think the prime minister does not want that to be destroyed. There are a lot of things we could do to make ourselves more competitive, but let's not tear down the structure that has given so much to each of us. Our most efficient supply chains are in North America. You ask the state of Washington, What do you import?' And they say airplane parts. What do you export?'

Carla Hills

If we were to cut off our supply chains for imports, we would be far less competitive in terms of our

Angus Reid

What a difference eight months and a new U.S. president make. Today, with NAFTA under threat, Canadians have radically changed the way they feel about the deal in a relatively short period of

Nelson Wiseman

It's a smart thing if Canada proposed this. It takes attention off of NAFTA. And from Trump's point of view, it contributes to softening Trump's image, and he's got a problem with

Tom Donohue - US Chamber of Commerce

Withdrawing from NAFTA would be devastating for the workers, businesses, and economies of our countries. Beneath all the debates, arguments, and attention-grabbing headlines, I think our leaders across the board understand this. To address areas open for modernization or improvement, we would insist on doing it in a way that doesn't disrupt the $1.3 trillion worth of trade that depends on

Justin Trudeau

First, let's do no harm. Let's preserve, protect, and advance the robust trade that supports both of our economies and millions of our

Shannon K. O'Neil - Council on Foreign Relations

AMLO is a populist, nationalist, anti-globalization, anti-NAFTA candidate, not unlike Trump himself. Regardless of his economic or other leanings (which veer toward leftist populism), the two personalities would make bilateral compromises all the

James Barrineau

We've gone from an outright short late last year to an overweight position relative to the index, just because there's a lot of bad news priced in. The real exchange rate is very, very cheap relative to history, and at this point, the bond yields are competitive with the higher yielding countries in

Kieran Curtis - Standard Life

The peso is cheap certainly and absent a big unfavorable change to NAFTA, you will make great money investing in Mexican bonds. But a change to NAFTA that's unfavorable, and who

Jim Carr

I think that's a real possibility. I think the energy sector is one of those where the integration argument and the mutual benefit can be well advanced by

Leo Gerard

We said, If you're serious about repealing NAFTA, we're with you. If you're serious about taking on China, we're with you. If you're serious about rebuilding America's infrastructure, we're with you. So if the president's prepared to take that on, he can consider us an ally on that, and we'll consider him an

Charlie Weaver

We supported TPP strongly and wish [the president] would have embraced it. Protectionism isn't good for U.S. workers, consumers or the economy. That's the fear of changing NAFTA and walking away from

Jerry Dias - Unifor

This came right out of left field. This nothing to do with Trump, but it has everything to do with NAFTA. Everything we've been led to understand is that by concentrating the Equinox production on our Ingersoll facilities, everything was going to be fine. There is a solution. They should halt plans immediately to shift the Terrain to

Jim Cramer

The 20 percent tax, the idea that this is not about jobs as much as it is just a spat between to countries that have had very good relations. The spat should be about NAFTA. The spat should be about the way we set up trade with the Mexicans. I don't think the spat should be about not talking to each other, which is what Vicente Fox was

Jerry Dias - Unifor

This came right out of left field. This is NAFTA, this has nothing to do with Trump, but it has everything to do with

Reva Goujon - Strategic Forecasting

The main barrier to an import tax like that is that it could be in violation of NAFTA [North American Free Trade Agreement] or WTO [World Trade Organization] rules. And that's where the Trump team could potentially get more creative and declare this border wall as a national security

Reva Goujon - Strategic Forecasting

There's an implicit threat that the U.S. still has more room to escalate, up to and including the potential repealing of NAFTA, which Trump technically has the executive authority to do. That comes with political, economic costs and even social costs, especially if we see people mobilize around this

Sean Newman - INVESCO

There are certainly risks to this trade as they go through the 22 chapters of Nafta. We have to clarify what that might

Luis Videgaray

What we want is to maintain free access for Mexican products, without restrictions, without tariffs and quotas. Any agreement that is proposed that infringes or endangers Mexico's social and economic interests and which harm the dignity of our nation will be

Ildefonso Guajardo

There could be no other option. Go for something that is less than what we already have? It would not make sense to stay, . The strategy for this treaty needs to be one in which everyone wins. It's impossible to sell it here at home if there aren't clear benefits for

Matthias Wissmann

It's beyond all questions that should restrictions be made to the NAFTA area, they would first deal a significant blow to the U.S. economy. By putting up tariffs or import taxes, the U.S. would shoot themselves in the foot over the long

Derek Burney

We have security agreements, both continental and multi-lateral -- Mexico does not. Mexico has a huge border problem with the United States in terms of immigration and drugs -- Canada does

Mathieu Negre

If that's the case, there are 4 items that could be significant: the renegotiation of NAFTA, the introduction of a possible border tax, the straight imposition of tariffs and the labelling of China as a currency

Steve Schwarzman - The Blackstone Group

Canada finds itself, frankly, in a really very special status. I don't think he should be enormously worried because Canada is held in very high

Kristen Welker

A White House official tells NBC News that as early as Monday, President Trump is expected to sign an executive order that will put in motion the renegotiation of NAFTA. President Trump is also expected to sign an executive order announcing his intention to withdraw from TPP, a trade agreement among 11 other Pacific Rim

Gregory Daco

If Trump renegotiates NAFTA, as he has said he would, activity in these states would likely come under

David MacNaughton

They haven't said anything specific about any real problems that they have with

David MacNaughton

I don't think Canada is the focus at all. But we are part of NAFTA, and there are discussions that need to be had, and we'll be having them over the next few

Sara Fagen

Quite a bit of trade can be done through executive action, particularly

Luis Videgaray Caso

This is a man who has negotiated all his life. We have to be open to re-negotiating some points of NAFTA – to Mexico's

Jim Cramer

Anything that touches NAFTA could be considered to be good for people who are in the workforce if you're not looking at the later consequences of having to pay more for a certain

Steven Mnuchin

I think most people acknowledge NAFTA was negotiated a long time ago, that we should reopen this agreement. I'm optimistic that we can renegotiate that deal (in a way) that's both advantageous to us and advantageous to Mexico. That it's a win-win for both

Daniel Clifton

Tomorrow's going to be trade day, NAFTA, TPP withdraw and some stronger enforcement of trade

Vladimir Budker

Plan B is to look at a couple of local (U.S.) producers - we've looked but didn't approach them yet -- to see if there is any change in policy, in NAFTA or taxes. We'd be looking at this avenue pretty

Lance Fritz - Union Pacific

While I think NAFTA is ripe for modernization in labor practice, environmental practice and e-commerce, it also represents a boon to the U.S. economy. It benefits the U.S. consumer and creates U.S.

Wilbur Ross

They're being kept alive by state-owned banks. To me that looks and feels and tastes a lot like artificial subsidies. I am not anti-trade. I am pro-trade. But I am pro-sensible trade, not trade that is to the disadvantage of the American worker and to the American manufacturing

Wilbur Ross

As to Canada and Mexico, the President-elect has made no secret in his public remarks, nor have I, that NAFTA is logically the first thing for us to deal with. We ought to solidify relationships the best way we can in our own territory before we go off into other

Jason Leinwand

Most of what's driving the peso today is [still] policy, what you might hear [at] the Trump press

Boris Schlossberg

You may see the dollar reverse quite a lot if the press conference disappoints. Right now the market is pricing in a lot of

Linda Hasenfratz - Linamar

The prospect of trying to put some trade barriers up between those countries is extremely troubling. Can you imagine adding a border tax seven times to these products that are passing back and forth between our borders? It would add enormous cost that no one can

Jimena Blanco - Verisk Maplecroft

To be honest, there's very little that Mexico itself can do. I think the power here lies with the U.S. companies lobbying the Trump administration and saying: wait a minute, there's about 5 million jobs in the United States riding on this relationship with Mexico, and if we increase tariffs or walk out of NAFTA, those jobs will be at

Jim Cramer

This is very different from going to a Ford plant – which actually wasn't about to move – and saying, Listen, we're going to keep these jobs here.' To bring those jobs back, you have to make it so it is punitive to make anything in Mexico. That means you either have to change the terms of NAFTA or scrap

Jim Cramer

It's not like Republicans are necessarily now going to turn on NAFTA. Trump will lose it. He will not be able to change NAFTA

Dennis Williams

I'm prepared to sit down and talk to him about trade. NAFTA is a problem. I think his position on trade is right

Andres Rozental

At the end of the day it's clear that the amount of U.S. investment in Mexico based on NAFTA will

Bob Lutz - General Motors

Today there is a global flow of parts and technology. A lot of those Mexican-assembled units contain a very, very vast majority of U.S.-made mechanical components like engines and transmissions that are exported from the United

Bob Lutz - General Motors

Fundamentally, you have to look at the brand. Where is the brand located? Where is the engineering conducted? Where is the value added of the design done? Where does profitability return to for reinvestment?feedback

Bob Lutz - General Motors

We also export cars to Mexico and to Canada, so my guess is if he wants to look at unfair trade … he would need to look at the Germans before anything else, because we have a 10 percent tariff going into the EU, which hits all American-produced

Michael Cohen

Mexico can serve as a balance. It's important regionally because right now you have a whole bunch of growth in production in the Northeast, and now you have constraints on that production getting out. The fact you have Mexican demand increases can balance out where the supply might come from in the medium

Francisco Blanch - Bank of America Merrill Lynch

It could very well be a case where there's some tweaking around on [NAFTA], as opposed to a big breakdown. Certainly, I am concerned a little bit about the Mexican economy. It's been a big driver of demand for U.S. gas. The supply chains are very well integrated between the three countries. Changing the rules of the game on account of NAFTA would be pretty challenging not just for Mexico but for U.S.

Alex Wood

Mexico is building some renewable projects along the border and that power is going to the U.S. It really is becoming more and more integrated. Virtually all of Canada's surplus oil goes to the United States. The United States is producing surplus crude oil. … It's refined and it goes to

Daniel Yergin

Mexico has become a very important market for U.S. gas producers and without it, we'd be looking at lower

Scott Anderson

It's not so simple to say we're going to renegotiate the trade deals. We set up the system to create those inter-linkages. You just can't overnight legislate or executive order that away. If you try to do that, it's going to have negative economic impacts, not just for the economies on the border but for these specific industries, like

Anthony Yuen

Without exports to Mexico, the U.S. market would not be where we are right now. It would be way lower. Producers may not be drilling as many wells. Without Mexico, it would be

Anthony Yuen

Mexico had a pretty high cost of power in the past, because the country used oil as a power-generation fuel, and natural gas there is more expensive because of pipeline bottlenecks. We would not be surprised if exports to Mexico by 2020 by pipeline would still be larger than U.S. LNG

Daniel Yergin

Instead of Mexico spending a fortune building new refineries, they are buying from the U.S., and it turns out energy exports are now an important contributor to the jobs in our

Anthony Yuen

This speaks to how extensive the energy cooperation is between these countries. It's almost as if the borders aren't really there. If you look at Canada and the U.S., they are part of the same cross-border electricity reliability councils for some regions. … It's not just natural gas, it's power lines, hydroelectricity and those are long-standing agreements and

Evan Ellis

The China-Mexico relationship is back on again. The election of President Trump and the associated threat to North American Free Trade Agreement (NAFTA) probably was one driver for (Pena Nieto) to position Mexico to diversify its foreign economic

Fernando Turner

Trade between Mexico and the United States did not begin with

Brian Coulton - Fitch Ratings

We're going to have less open economies; we're going to have trade barriers going up; I think Donald Trump is going to be looking at NAFTA, he's going to be looking at China very hard, and those were very clear parts of his

Jimmy Jean

That means tighter financial conditions here in Canada, including the housing market, which was already subject to tougher macro-prudential

Nick Exarhos - CIBC World Markets

Even if trade isn't disrupted from Canada, the uncertainty over our trade position with the U.S. will, if anything, delay the turn in capital

David Watt

We might get some spillover effects, but I don't think it would necessarily be enough to overcome some of the uncertainty or anxieties about U.S. trade

Swati Dhingra

A bigger issue is these are really simple solutions that are being given [by Trump], that 'let's cancel NAFTA, let's cancel TPP and somehow that's going to get things okay in our country'. It's not going to be that simple and that worries me

David Spooner

Companies will quietly admit that (the North American Free Trade Agreement) is now 25 years old and needs updating. Of course, if we're updating or amending NAFTA, people get

Wendy Cutler

In a renegotiation, one side can come in with requests, but the other side is going to expect concessions. We need to know what we're going to ask for and what we can

Chad Bown - Peterson Institute for International Economics

If U.S. workers are more expensive than Mexican workers, the only way to level the playing field is to do things that raise costs in

Chad Bown - Peterson Institute for International Economics

There is no precedent in free trade negotiations for one side raising tariffs more than the

Xi Jinping

Closed and inclusive arrangements are not the right

John Key

I personally think that President Trump will be very much like chairman of the corporation Trump is. He's a flexible business guy. He's going to realize he has a role to

Barack Obama

My main message to you ... and the message I delivered in Europe is don't just assume the

Enrique Pena Nieto

There are elements that could be included, issues to do with the environment ... the labor issue is one I think that wasn't incorporated in NAFTA, just to mention some chapters that could be included in this

Flavio Volpe

It (the North American auto industry) really only works if there are no borders. A revision of NAFTA for the auto sector - there's likely zero support for

Matthew Wilson

Mexico is still an important market for Canadian exporters and bilateral business, but if anything did happen with NAFTA, we expect the Canadian government would be able to, fairly quickly, negotiate a deal with both Mexico and

Matthew Wilson

We spoke to our members, and based on trade stats alone, the priority has to be the U.S.

Jose Antonio Meade

Mexico's public debt ... is something we are revising and discussing with the

Jose Antonio Meade

And we're facing this situation with well-capitalized

Carlos Petersen - Eurasia Group

The problem is that there is still high uncertainty and a lack of information on how much President-elect Trump will push on NAFTA revisions when he's in the White

Thierry Albert Wizman

It's just too early to say what changes would make President-elect Trump

Enrique Pena Nieto

We both agreed that we have to work towards a relationship of trust, of a shared future, because our countries are highly important one to

Carlos Petersen - Eurasia Group

Nieto's response to Trump's victory is the correct strategy. He has to strike a friendly tone. This is not the moment to be

Luis de la Calle

We should look to having sufficient clarity, as quickly as possible, on what kind of proposals could come from the United States with regard to relations with Mexico. But we must also be aware, it's not very probable there will be such a radical proposal because the benefits are for both

Claudia Ruiz Massieu

The bilateral relationship between Mexico and the United States does not end, nor begin with an election. On the contrary, Mexico and the United States have one of the deepest, most multifaceted, institutionalised, mature and solid alliances that two countries in the world can

Ildefonso Guajardo

We're ready to talk so we can explain the strategic importance of Nafta for the region. Here we're not talking about ... renegotiating it, we're simply talking about dialogue. Today the world is not competing by country, it's competing by

Justin Trudeau

I think it's important that we be open to talking about trade deals. If the Americans want to talk about NAFTA, I'm more than happy to talk about

Ricardo Adrogue

Even if they specifically target NAFTA, the implications for the Mexican economy would be relatively

Ildefonso Guajardo

We'll need to talk with the others to change the limiting clause that meant us having to wait until the United States had completed the approval

Ildefonso Guajardo

There haven't been any effects so far because I think the economic players are waiting to see how campaign rhetoric translates into public