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President Trump to Sign Executive Order to Renegotiate NAFTA

President Donald J. Trump has been in office less than 3 full days and he already has some big plans for America’s future. After signing an Executive Order that will start the process of dismantling Obamacare, the president has his sights set on America’s economy and trade policy.

On Monday, President Trump is set to sign another Executive Order aimed at renegotiating NAFTA with Mexico and Canada.

From NBC News:

“We will be starting negotiations having to do with NAFTA,” Trump said Sunday at a swearing-in ceremony for his top White House advisers. “We are going to start renegotiating on NAFTA, on immigration and on security at the border.”

Trump is also expected to sign an executive order announcing his intention to withdraw from the Trans Pacific Partnership (TPP), a trade agreement among 11 Pacific Rim countries and never ratified by Congress, said the White House official. He will simultaneously move to begin individual trade negotiations with the countries in the TPP.

Commerce Secretary nominee Wilbur Ross, U.S. Trade Representative Robert Lighthizer and the head of the newly-formed White House Trade Council, Peter Navarro, will be put in charge of negotiating the new deals.

Trump, who campaigned on a promise to to pull out of TPP and overhaul U.S. trade deals, is scheduled to meet with labor union leaders Monday.

Trump had indicated he will soon meet Canadian Prime Minister Justin Trudeau and Mexican President Enrique Peña Nieto to begin work on overhauling NAFTA.

Throughout the 2016 campaign President Trump criticized multiple American trade deals as being bad for U.S. workers, pledging to work with nations around the world to create better trade negotiations. While Trump has said he wanted to renegotiate NAFTA, TPP will not be so lucky as the president has made it clear that the proposed trade deal will not even exist under his administration.

It is unclear at this point whether or not President Trump will receive much push back from his fellow Republicans, who for years were extremely supportive of NAFTA, or if they will follow his lead and support renegotiating the longstanding trade deal.

From TPI.