STRUTHERS, United States (AFP) – US President Donald Trump vowed Tuesday to rip up a free trade deal with Canada and Mexico if the text is not renegotiated to his liking.
For in depth analysis of Cambodian Business, visit Capital Cambodia
“We are renegotiating NAFTA and if we don’t get the deal we want, we’ll terminate NAFTA,” Mr Trump told a group of veterans in Ohio, the centre of America’s industrial heartland.
“NAFTA has been a disaster for Youngstown, it’s been a disaster for Ohio.”
Mr Trump made scrapping NAFTA a pillar of his presidential campaign, but has since softened his stance slightly.
Earlier this month, his administration began the process of renegotiating the 23-year-old deal, which Mr Trump says is not fair to American workers.
The former businessman has made reforming America’s economy a centrepiece of his brand.
His timing has been auspicious, entering office after the recovery from the Great Recession was well entrenched and with the labour market approaching full employment.