Trade of­fice out­lines NAFTA redo goals

Northwest Arkansas Democrat-Gazette - - BUSINESS & FARM -

WASH­ING­TON — Pres­i­dent Don­ald Trump vowed Mon­day to in­crease U.S. man­u­fac­tur­ing by cut­ting the $64 bil­lion trade deficit with Mex­ico.

“No longer are we go­ing to al­low other coun­tries to break the rules, to steal our jobs and drain our wealth,” Trump said.

Shortly af­ter Trump’s re­marks, the U.S. trade rep­re­sen­ta­tive’s of­fice re­leased an 18-page re­port about its goals for up­dat­ing the decades-old North Amer­i­can Free Trade Agree­ment with Canada and Mex­ico. In ad­di­tion to re­duc­ing the trade deficit, the ad­min­is­tra­tion wants to in­sert a chap­ter on the dig­i­tal econ­omy into the deal. It also wants to strengthen la­bor and en­vi­ron­men­tal obli­ga­tions and amend the rules of ori­gin so that more of the prod­ucts traded come from the United States and North Amer­ica.

Fac­ing an in­ves­ti­ga­tion into his cam­paign’s ties with Rus­sia and a tax and health care agenda strug­gling to make head­way as quickly as promised, Trump is turn­ing his fo­cus to trade this week.

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