The Trump administration on Thursday formally notified Congress of its intent to renegotiate the North American Free Trade Agreement, a step forward on a campaign promise that was widely popular among voters but has unsettled the American companies that have built their industries around the trade deal’s provisions.
The notification starts the clock on a 90-day period in which Congress will consult with the administration about its goals. Negotiations with Canada and Mexico begin as soon as Aug. 16, the administration said.
In a call with reporters Thursday morning, U.S. Trade Representative Robert E. Lighthizer stressed that the administration hopes to renegotiate the deal, rather than scrap it altogether.
read mroe at washingtonpost.com
