The threat of a Trump is not afraid — NAFTA

"We see a shutdown as more likely than the other analysts we have read", he added.

"And I must be honest, and I've been talking about NAFTA for a long time, and I'm sorry it's taken six months, but we have to give notice", Trump said Tuesday in Phoenix.

Trump has condemned NAFTA as "the worst trade deal in history" and promised to fix it - or drop out of it altogether.

Jones also predicted that eventually "sanity will prevail"-that the US government will recognize that the United States benefits from an economically unified North America".

The U.S. has already staked out positions that Canada and Mexico oppose. But that it would be a mistake to use NAFTA negotiations to shut off America and to cut down trade. Speaking on Mexican television Wednesday, Videgaray said, "He's negotiating in his own particular style". The comments were not a surprise, nor would they scare Mexico, he added. Jeff Flake, R-Arizona, a strong proponent of NAFTA, said in an emailed statement that he "will continue to speak up for the countless Arizonans whose jobs and businesses rely on the billions of dollars that NAFTA injects into our state's economy".

The Canadian and Mexican negotiators agree that NAFTA needs to be updated, but they have defended it as an economic success story for expanding trade between the three countries. Hamer is in Mexico on a trade mission with a bipartisan delegation of about two dozen state lawmakers. The peso has been sensitive to Trump's anti-NAFTA rhetoric, touching record lows shortly after his election in November 2016 on fears that he would raise tariffs on Mexican goods. Flavio Volpe, president of Canada's Automotive Parts Manufacturers Association put the industry's perspective succinctly, "Anytime you say this list or a part of this list has to come from one specific country you're going to hurt all three countries".

United States man charged with plotting to bomb Confederate statue
The ranger reported seeing Schneck with two small boxes, according to the Department of Justice, and ordered him to put them down. A park ranger caught Andrew Schneck kneeling next to a statue of Confederate leader Richard Dowling at Hermann Park Saturday.

Trade representatives from the U.S., Canada, and Mexico met in Washington, D.C. last week to begin the renegotiation of the trade deal.

Cruz and Lt. Gov. Dan Patrick, who was one of Trump's biggest supporters in Texas during the presidential campaign, did not respond to requests for comment.

"This is a great opportunity to strengthen the North American region", said Manuel Herrera, president of the Confederation of Industrial Chambers (Concamin) and a member of an advisory body to the trade negotiators.

Some trade experts and foreign diplomats saw Trump's comments as a "negotiation tactic" to gain an upper hand on those talks.

Ahead of the talks last week, the USA stressed that negotiations wouldn't just bring about tweaks to the deal, but a much more major overhaul. If Trump's threat to ditch NAFTA is plausible (which is still debatable), we should at least in theory be open to accepting a NAFTA 0.8.

Canada sent Freeland, a senior cabinet minister, to attend the talks and say that "Canada doesn't view trade surpluses or deficits as a primary measure of whether trade works", thus aligning her country with the view of the vast majority of experts who've looked at the issue.

  • Ronnie Bowen