NAFTA

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Last quote about NAFTA

Ildefonso Guajardo
The majority of recent controversies (with the United States) ... we have won them all in the WTO, which has been for us, a much more efficient mechanism than Chapter 19 of NAFTA.feedback
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Jul 21 2017
Multiple people spoke about NAFTA in the news. We gather all their quotes on this page, an easy way to see all views about this topic at a glance. To go deeper, all quotes are redirected to the article from which they come. Wilbur Ross is the person who had the greatest number of quotes. The most recent one of them 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

Ildefonso Guajardo

What is positive is that (the United States) themselves paraphrased that they won't reintroduce quotas or tariffs during this process (of renegotiation). This will all have to be subject to the three sides being in agreement in the process.feedback

Ildefonso Guajardo

What I have said insistently in my conversations with my colleagues is that we're delighted to review trade balances provided that we focus on how to improve them by expanding commerce, not by reducing it.feedback

Phil Levy

There's no detail. There's nothing in there where you could say, this is how we get rid of the trade deficit.feedback

Rosa DeLauro

People are very concerned about what the direction of NAFTA is. We'll see if they have listened and if they maintained their campaign promises, and if not we'll go into the same mode we did with TPP and defeat it.feedback

C. Fred Bergsten

Half a dozen major U.S. industries have integrated across North America and their whole business model would be disrupted.feedback

Andy Shoyer

The TPP, which has been demonized by President Trump, was essentially the renegotiation of NAFTA.feedback

Ron Wyden

It is surprising that in key areas the Trump administration is seeking outcomes that were achieved in the T.P.P., which the president said was a bad agreement.feedback

Chad Bown - Peterson Institute for International Economics

It is very consistent with the president's stance on liking trade barriers, liking protectionism. This makes Nafta in many respects less of a free-trade agreement.feedback

Donald J. Trump

It is my privilege to bring Nafta up-to-date through renegotiation. I believe that the end result will make all three countries stronger and better.feedback

Richard L. Trumka - AFL-CIO

We will do everything we can to make this a good agreement and to hold the president at this word and make sure we get a renegotiation. If it comes out that it is not a good deal, no deal is better than a bad deal.feedback

Fred Bergsten - Peterson Institute for International Economics

We're talking about an imbalance of US$60 billion and there is no way under the sun that Mexico can eliminate that or even make a big dent in that without doing some really massive uneconomic distortion of trade flows.feedback

Ron Wyden

This is a once-in-a-generation chance to rewrite NAFTA. Trump can't squander this opportunity.feedback

Ron Wyden

Donald Trump promised to get a better deal than TPP, and Americans are going to be deeply disappointed if he doesn't follow through on NAFTA negotiations.feedback

Justin Trudeau

Canada is the U.S.'s biggest, best customer by far. No one even comes close.feedback

Justin Trudeau

Sometimes getting it right means refusing to take the politically tempting shortcuts. More trade barriers, more local content provisions, more preferential access for homegrown players and government procurement, for example, does not help working families over the long term or even the midterm. Canada doesn't want to go there. If anything, we'd like a thinner border for trade, not a thicker one. To boil this down to one point: Canada is the [America's] biggest, best customer – by far.feedback

Justin Trudeau

NAFTA isn't perfect. No such agreement ever is. We think it should be updated and modernized as it has been a dozen times over the past quarter century. And I have every expectation that it will be to benefit working people in all three countries.feedback

Justin Trudeau

We reach out, we think and we plan, and we thought this would be a great opportunity to step up our engagement with all levels.feedback

Pete McClymont

If the President wants to renegotiate that agreement with our neighbors and partners in Mexico and Canada, please leave the ag(riculture) portion of that discussion out.feedback

Joe Schuele

Perhaps some other sectors of our economy are given better terms and in exchange for that agriculture tariffs would be reintroduced.feedback

Justin Trudeau

Policies "kill growth. And that hurts the very workers these measures are nominally intended to protect. Once we travel down that road, it can quickly become a cycle of tit-for-tat, a race to the bottom, where all sides lose. If anything, we would like a thinner border, not a thicker one.feedback

Daryl Haack

I think President Trump is a negotiator. I think he runs bluffs. A lot of negotiators will do that.feedback

Andres Rozental

As the U.S.'s second biggest market, it's clear we can hit back. (Services are worth) more and more every day.feedback

Jaime Serra

If we integrate further and make Mexico more competitive versus China ... even if our exports rise, U.S. jobs will rise, because when we export (to the United States), they're exporting too (via U.S. content).feedback

Joe Donnelly

What you're seeing with Carrier is what I call free riders. What they do because of the trade agreement NAFTA, is they ship jobs to Mexico for US$3 an hour, and so they get the benefit of the absolute lowest wages they can find, and then turn around to ship the products back into the United States. I have been fighting alongside these workers for years, arguing that we have an obligation to ensure that federal policies are designed to benefit the U.S. economy, and that we encourage investment in the foundation of our economy – American workers, their families and our communities.feedback

Donald J. Trump

The U.S. has a 60 billion dollar trade deficit with Mexico. It has been one-sided deal from the beginning of NAFTA with massive numbers of jobs and companies lost.feedback

Donald J. Trump

We're negotiating NAFTA and some other things with Mexico and we'll see how it all turns out, but I think that we've made very good progress.feedback

Donald J. Trump

Four: I'm going tell our NAFTA partners that I intend to immediately renegotiate the terms of that agreement to get a better deal for our workers. And I don't mean just a little bit better, I mean a lot better. If they do not agree to a renegotiation, then I will submit notice under Article 2205 of the NAFTA agreement that America intends to withdraw from the deal.feedback

Richard Gold

This takes an irritant off the table, which simplifies NAFTA negotiations.feedback

Lance Jungmeyer

Now you go to the store and you get whatever you want. But in the meantime, when you have a threat, or even the possibility of a threat, of shutting down trade, that creates a real concern in people's lives. They certainly are very worried about what next year looks like.feedback

Raul Urteaga Trani - Nafta

We have to send a signal to policy makers in Washington, and emphasize that we are not sitting still.feedback

David MacNaughton

It doesn't take a rocket scientist to figure out that at some point, if they keep doing things that harm Canadian companies, that it's going to be difficult for us to resist doing the same.feedback

Ralph Goodale

When the relationship is without any great problems, people tend to go to sleep on both sides. Our trade will do better, and our relationship will do better, the more vigorous and outgoing we are. They are so big I think it will be a long time before we have overdone it.feedback

Dan Ujczo

I don't think companies will see a NAFTA win unless we address this.feedback

Chrystia Freeland

If you're an American official or legislator, it's been hard to avoid a Canadian.feedback

Rick Perry

I see this as an opportunity to allow an American natural resource to help bolster both countries' economies. The overall goal of the Trump administration is to sell what Americans make to bolster this economy. If you are selling it to a partner, a neighbor, even better.feedback

Carlos Pascual - IHS

But the first screams that would go up if the U.S. were to cut off natural gas shipments to Mexico would come from the oil and gas producers in Texas.feedback

Matt Blunt

It could make us less competitive as compared to our international peers and affect our ability to export. It could deny us access to supply chains which would drive up costs and could affect sales and ultimately employment within the industry.feedback

Lance Fritz - Union Pacific

In our perspective, we think there is a ripe opportunity to modernize NAFTA. Especially with things like e-commerce and intellectual property, and a couple other items. I think Canada, the United States and Mexico all realize [the need to modernize], and what we hear from the current administration is actually pretty logical in terms of how they are going to address those negotiations.feedback

Lance Fritz - Union Pacific

Amtrak doesn't have a steady reliable funding source. Their ticket revenue doesn't cover it, the subsidy from the government is always in question and in jeopardy, so they have a pretty heavy lift in terms of solidifying a cash stream. I have all the confidence in [Amtrak CEO] Wick [Moorman], I know him well, and he's identified the challenges in terms of capital investment. So now it's a matter that if the country values Amtrak, it has to step up and support it.feedback

Kevin Book - ClearView Energy Partners

In the context of an escalating trade war, a cutoff of gas by one side or the other is possible.feedback

Jose Antonio Gonzalez - Pemex

Trade is a win-win, especially in energy. In the case of Mexico and United States it is clearly complementary.feedback

Rick Perry

Everybody in the private sector is going to look after their interests and their stockholders' interests. I get that, and that's fine and good. The Trump administration is going to make decisions on how to sell American products, create American jobs, and if that helps bolster the relationship with Mexico and Canada in a North America energy strategy, then there is a lot of reason to celebrate.feedback

Kelcy Warren - Energy Transfer Partners

Rick Perry is a really good friend of mine and he is a bright guy. He understands the energy business quite well, and it gives me great comfort that he is in that position.feedback

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 friend.feedback

Donald J. Trump

I think NAFTA has been a catastrophic trade deal for the United States.feedback

Brian Mulroney

What we should do is what we've been doing: We keep our heads down and our mouths shut. We're not some pushover little country. Hell, the Americans should be more fearful of us than Russia.feedback

Brian Mulroney

What we should do is what we've been doing: We keep our heads down and our mouths shut. Don't take the bait. We deal with this at the negotiating table.feedback

Brian Mulroney

As you know, whatever Donald Trump thinks in the White House, so does everyone else. We should keep our heads down, our mouths shut and deal with this at the negotiating table. Don't take the bait. It's at the bargaining table where we can make our comments, caustic or otherwise.feedback

Robert J. Samuelson

The idea that Canada and Mexico are going to offer us vast new markets — without corresponding U.S. concessions — seems to be wishful thinking.feedback

John Murphy

The chamber supports this effort to modernize the NAFTA, taking into account technological, economic, and other changes in the U.S., North American, and global economies in recent years.feedback

Angela Merkel

I hope these talks are a big success. And I'd like to offer thanks that the interests of German companies are also being taken into consideration.feedback

Mark Zandi - Moody's Analytics

If you look at Indiana's economy, it makes sense that Pence would develop a pro-trade stance. Slightly more than half of the state's metro areas have exports accounting for more than 10 percent of gross metro product. Moreover, Indiana's automotive industry, which helped power the state's strong recovery after the Great Recession, relies on a seamless North American supply chain, provided for under NAFTA. Therefore, I assume that he would hesitate to create any NAFTA-related uncertainty, based on his experience in Indiana.feedback

Hung Tran

Looking back at the first five months of the year, it is clear that near-term threats of trade conflict have subsided significantly. All the threat of naming China as currency manipulators, the increase in tariffs, abandonment of NAFTA did not come to pass. Assuming ongoing improvement in global and EM growth and a gradual, well-communicated path of Fed tightening through 2018, we are now a bit more optimistic on EM capital flows.feedback

Eswar Prasad - The Brookings Institution

Conducting the negotiation on sugar trade against the background of a broader renegotiation of Nafta gave the United States significant bargaining leverage. A ratcheting-up of trade tensions could well have poisoned the broader negotiations, an outcome that Mexico clearly wanted to avoid.feedback

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 Nafta.feedback

Mark Recker

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

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 know.feedback

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 NAFTA.feedback

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 consumers.feedback

Narciso Hernandez

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

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 irreplaceable.feedback

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 producers.feedback

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 produce.feedback

Tom LaFaille

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

Christopher Thornberg - Beacon Economics

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

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 intact.feedback

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 nations.feedback

Deborah Elms

For countries like Chile, they live in a difficult neighborhood.feedback

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 TPP.feedback

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 policy.feedback

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 process.feedback

Wesley Spurlock - National Corn Growers Association

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

Wilbur Ross

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

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 framework.feedback

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 won.feedback

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 markets.feedback

Aaron Lehman

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

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 shot.feedback

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. Massive.feedback

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 America.feedback

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 not.feedback

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 parties.feedback

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 trade.feedback

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 businesses.feedback

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 Canadians.feedback

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 change.feedback

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 Nafta.feedback

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 Mexico.feedback

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 bilaterally.feedback

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 objectives.feedback

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 NAFTA.feedback

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 accomplishment.feedback

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 whole.feedback

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 reform.feedback

Ildefonso Guajardo

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

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 Argentina.feedback

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 harm.feedback

Rafael Camarena - Santander

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

Bill Adams - Ibc

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

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 corruption.feedback

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 world.feedback

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 U.S.feedback

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 need.feedback

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 process.feedback

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 Trump.feedback

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 American.feedback

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 succeed.feedback

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 area.feedback

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 talking.feedback

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 it.feedback

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 queue.feedback

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 economy.feedback

Wilbur Ross

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

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 House.feedback

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 retaliate.feedback

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 others.feedback

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 agreement.feedback

Donald J. Trump

Their priorities are not my priorities, and not your priorities. If the media's job is to be honest and tell the truth, the media deserves a very, very big fat failing grade.feedback

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 Mexico.feedback

Larry Kudlow

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

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 taxes.feedback

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 it.feedback

Joseph Parilla - The Brookings Institution

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

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 TPP.feedback

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 threatening.feedback

James Angel

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

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 on.feedback

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 system.feedback

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 it.feedback

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 straightforward.feedback

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. exporters.feedback

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 agreement.feedback

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 back.feedback

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 NAFTA.feedback

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 Vietnam.feedback

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 know.feedback

Wilbur Ross

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

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 president.feedback

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 it.feedback

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 questions.feedback

Sam Nunberg

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

Larry Kudlow

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

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 States.feedback

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 NAFTA.feedback

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 formula.feedback

Alex Lawrence

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

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 simple.feedback

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 administration.feedback

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 economy.feedback

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 America.feedback

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 improved.feedback

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 position.feedback

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 button.feedback

Eduardo Bravo

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

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 commitment.feedback

Chris Wilson

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

Stephen Vaughn

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

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 NAFTA.feedback

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 quickly.feedback

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 agreement.feedback

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 objection.feedback

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 agreements.feedback

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 countries.feedback

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 NAFTA.feedback

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 Canada.feedback

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 rumours.feedback

John McCain

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

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 area.feedback

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 Mexico.feedback

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 extreme.feedback

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. Period.feedback

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 morning.feedback

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 up.feedback

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 yet.feedback

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 debate.feedback

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 negotiation.feedback

Elías Massri

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

Thea Lee - AFL-CIO

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

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 massively.feedback

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 fearing.feedback

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 negotiation.feedback

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 prosperity.feedback

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 front.feedback

Antonio Ortiz-Mena - Albright Stonebridge Group

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

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 draft.feedback

Sean Spicer

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

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 it.feedback

Wilbur Ross

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

Carlos Elizondo

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

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, Nafta.feedback

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 much.feedback

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 problem.feedback

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 is.feedback

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 America.feedback

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 place.feedback

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 basis.feedback

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 times.feedback

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 border.feedback

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 ourselves.feedback

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 do.feedback

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 substance.feedback

Wilbur Ross

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

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 canceled.feedback

Daniel W. Drezner

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

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 exception.feedback

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 benefits.feedback

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 north.feedback

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 place.feedback

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 sector.feedback

Justin Trudeau

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

Guajardo Ildefonso

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

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 pushover.feedback

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 talking.feedback

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 ourselves.feedback

Luis Videgaray

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

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 forward.feedback

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 started.feedback

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 it.feedback

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 Canada.feedback

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 NAFTA.feedback

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?' Airplanes.feedback

Carla Hills

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

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 time.feedback

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 women.feedback

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 NAFTA.feedback

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 workers.feedback

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 harder.feedback

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 EM.feedback

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 knows.feedback

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 Canada.feedback

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 ally.feedback

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 TPP.feedback

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 Mexico.feedback

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 saying.feedback

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 NAFTA.feedback

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 issue.feedback

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 issue.feedback

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 entail.feedback

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 unacceptable.feedback

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 Mexico.feedback

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 term.feedback

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 not.feedback

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 manipulator.feedback

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 regard.feedback

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 countries.feedback

Gregory Daco

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

David MacNaughton

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

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 weeks.feedback

Sara Fagen

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

Donald J. Trump

We will be starting negotiations having to do with NAFTA. We are going to start renegotiating on NAFTA, on immigration and on security at the border.feedback

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