Trump: Change NAFTA to NAFFTA
President Donald Trump has suggested changing the acronym of the North American Free Trade Agreement when renegotiating the trade deal. Trump wants to include an extra ‘F’ in the term NAFTA. The extra “F,” he explained, would stand for “fair.”
Agri-Pulse reports most U.S. farm groups like the current U.S., Canada and Mexico trade pact and do not want to see it dismantled. Trump says the current deal is “very unfair” to American workers and companies that do business in the United States.
Agricultural trade between Canada, Mexico and the U.S. has skyrocketed in recent years after tariffs were reduced or eliminated under the agreement. President Trump, however, was quick to blast the current deal last week, saying he wants to see NAFTA renegotiated quickly. Mexico is a major foreign market for agricultural commodities. Meanwhile, the U.S. is a key importer of Mexican fruit, vegetables and livestock.
Source; NAFB News