Nov 16, 2016
By Jane Brown
Canada’s softwood lumber and livestock producers are reportedly being targeted by advisers to U.S. President-Elect Donald Trump for renegotiation of the North American Free Trade Agreement.
A Globe and Mail report says Trump is being advised to extract terms in these areas which would be more favourable to the United States.
The head of the Canadian Chamber of Commerce says a transition team memo obtained by CNN suggests Washington is about to embark on an aggressive, protectionist approach to trade, both with Mexico and with Canada.
“Everything in theory is on the table in the relationship, and we’re going to need to get clarity from him as to what he is looking at,” said Perrin Beatty.
The memo says Trump would on day one, begin an effort to reshape U.S. trade policy with NAFTA, which he promised during the election campaign that he would entirely renegotiate or terminate.