NAFTA

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Last quote about NAFTA

NAFTA has been commented on by 297 key people in the news. You can find all of them on this page with their statements. People who have been most quoted about NAFTA are: Donald J. Trump, Robert Lighthizer, Wilbur Ross and Chrystia Freeland. For instance, the most recent quote from Donald J. Trump is: “If we can't make a deal, it will be terminated and that will be fine.”.
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All quotes about NAFTA

Chrystia Freeland

Yet in rounds three and four, we have seen proposals that turn back the clock on 23 years of predictability, openness and collaboration under NAFTA. In some cases, these proposals run counter to World Trade Organization rules. This is troubling.feedback

Ildefonso Guajardo

In order for the efforts of Mexico, the United States and Canada to be fruitful, we must understand that we all have limits.feedback

Joseph Glauber - International Food Policy Research Institute

There's a lot of political power resting with a small group of individuals who have a lot to gain. Unfortunately, the special provision you carve out for one interest groups can really backfire for others.feedback

Joseph Parilla - The Brookings Institution

That doesn't mean that they weren't really challenged by globalization; they were. But the remaining economic base is still pretty trade-dependent. We shouldn't try to save these communities by cutting them off the very sources of jobs that they're still dependent on.feedback

Tony DiMare

It depends on what customers want. For whatever reason, some people want the Mexican tomatoes.feedback

Tony DiMare

That, to me, draws the clearest picture. When you look at the disadvantages we face, how do you expect the domestic industry to survive?feedback

Chad Hart

The words we didn't want to hear, in farm country, were 'terminate NAFTA,' . Maybe 'readjust,' maybe 'renegotiate.' But you're talking about two of our three largest agricultural trading partners – it's never 'terminate.feedback

Tony DiMare

I'm all about free trade, but it has to be fair. It's Americans first now, right?feedback

Mike Stuart

It's about fundamental fairness. As it stands, they're sitting ducks for unfair trade practices.feedback

Robert Lighthizer

I'm always troubled by the fact that nonelected non-Americans can make the final decision that the United States law is invalid.feedback

Manuel Padrón-Castillo

If we don't have Nafta, are we going back to the same old rules? The answer is unknown.feedback

Luis Videgaray

It should be clear to everybody that Mexico is much bigger than the North American Free Trade Agreement, and we must be prepared for the different scenarios that could result from this negotiation. We will only continue in this process and in this treaty if it meets the national interest.feedback

Juan Francisco Torres Landa - Hogan Lovells

Somebody may say the enemy is Trump or the U.S., and I am the guy who can stand up to this.feedback

Dan Ciuriak

For passenger vehicles and parts, the buildup could be quite high. The deeply integrated sectors would face tremendous disruption.feedback

Juan Francisco Torres Landa - Hogan Lovells

When I was in elementary school, we learned: 'Watch out for the Americans. They invaded us a couple of times, they took half our territory.feedback

Robert Lighthizer

The president has vowed to bring jobs and investment back to the United States. We will do no less.feedback

Kemp Stanton

It was way, way, way too big of a project for Digby Neck.feedback

Kemp Stanton

For what we were going to lose, it didn't seem reasonable.feedback

Linda Graham

A lot of people were mad at us for a very long time. But I didn't care. I had to leave here when I was young to get a job, and I would have loved to have been able to stay.feedback

Gregory Nash

They have been treated shamefully, in a manner that is unbecoming of Canada's reputation as a reliable jurisdiction in which to do business.feedback

Kemp Stanton

Nafta allows decisions to be made by people we've never seen in places we've never heard of that directly affect us. We have no say in it.feedback

Christine Lagarde - International Monetary Fund

Trade is a very powerful engine of growth, innovation, competition and productivity. It has to be fair, certainly something that everyone agrees upon.feedback

Clifford Kupchan - Eurasia Group

There is now a new and scary spring in his step. He could be entering a new phase involving fuller takedowns of agreements and institutions. The Iran deal and Nafta are bellwether cases. What's really interesting is that he fired his chief revolutionary, Steve Bannon, but seems on the verge of taking on that role himself.feedback

Kristin Dziczek

That could be the preferred trading route if NAFTA becomes too strict, and that means content could come from any country with most favored nation status.feedback

Jose Antonio Meade

There is scope in the negotiation of the agreement for a consensus that benefits the three countries.feedback

Jerry Dias - Unifor

NAFTA is not going anywhere. This thing is going into the toilet.feedback

Donald J. Trump

I happen to think that NAFTA will have to be terminated if we're going to make it good. Otherwise, I believe you can't negotiate a good deal.. . [The Trans-Pacific Partnership] would have been a large-scale version of NAFTA. It would have been a disaster. It's a great honor to have–I consider that a great accomplishment, stopping that. And there are many people that agree with me. I like bilateral deals.feedback

Guillaume Tresca - Crédit Agricole

We saw a good emerging markets sell-off over the last two weeks, so there is a bit of a consolidation. There are only negative signs (from the NAFTA talks). Discussions look difficult so it could cap the peso's appreciation.feedback

Guillermo Vogel

Clearly, a clause that cancels the agreement every five years totally defangs it. Starting to play with a non-market economy would be terrible for us.feedback

Guillermo Vogel

We are all much worse off with a bad agreement than with no agreement.feedback

Tom Donohue - US Chamber of Commerce

There are several poison pill proposals still on the table that could doom the entire deal. We've reached a critical moment. And the Chamber has had no choice but ring the alarm bells.feedback

Justin Trudeau

NAFTA has benefited millions of people and can benefit millions more.feedback

Miriam Sapiro

Take China, for example, which is the country with which we have the largest trade deficit – over $300 billion. We don't even have a trade agreement with China. We didn't see Canada rushing to try to renegotiate NAFTA because it was worried.feedback

Sherrod Brown

Any trade proposal that makes multinational corporations nervous is a good sign that it's moving in the right direction for workers.feedback

Robert Lighthizer

We feel that NAFTA has fundamentally failed many, many Americans and needs major improvement.feedback

Tom Donohue - US Chamber of Commerce

The existential threat to the North American Free Trade Agreement is a threat to our partnership, our shared economic vibrancy, and clearly the security and safety of all three nations.feedback

Donald J. Trump

The president said the bill will be, or is, designed to reward companies that keep hiring in the United States.feedback

Glenn Hamer

We recognize that this agreement is a quarter century old. It makes sense to modernize it. But for the love of God, don't do any harm to something that has been so economically beneficial to states all across America.feedback

Robert Lighthizer

The president has strongly criticized this agreement for years. We realize that as bad as it has been for us, it has been great for Mexico and Canada. Naturally they will defend this lopsided accord. To rebalance will require substantial change and not mere tweaking. The president has vowed to bring jobs and investment back to America. We will do no less.feedback

Tom Donohue - US Chamber of Commerce

The impact would be the opposite of what's intended: U.S. industry would source more inputs from Asia and less from the U.S. That's right – this proposal would actually send business overseas.feedback

Koon Chow

There is not much of a cushion for bad news now and NAFTA talks are unlikely to bring any good news.feedback

Tom Donohue - US Chamber of Commerce

There are several poison pill proposals still on the table that could doom the entire deal. All of these proposals are unnecessary and unacceptable. I also want it to be clear that the U.S. business community is committed to Mexico, and no matter what happens, we're not going anywhere.feedback

John Murphy

There's an old adage in negotiations: 'Never take a hostage you wouldn't shoot.' Withdrawal from NAFTA is an unacceptable proposition, so we're urging the administration to recalibrate its approach.feedback

Salvador Pasquel

If it's harder for Mexico to place its products in Latin America, the big economy that could provide those cars and trucks would surely be Brazil.feedback

Miguel Elizalde

We went from exporting $817 million in heavy tractors in 2011 to barely $1 million in 2015.feedback

John Murphy

We see these proposals as highly dangerous, and even one of them could be significant enough to move the business and agriculture community to oppose an agreement that included them.feedback

Karen Antebi

Mexico has been firm and consistent that country specific rules of origin within the NAFTA would be unacceptable.feedback

John Murphy

Today we are increasingly concerned with the state of play with the negotiations.feedback

Cindy Sebrell

Forcing unrealistic rules of origin on businesses would leave the U.S. unable to compete by increasing the cost of manufacturing and raising prices for consumers.feedback

Ildefonso Guajardo

Imagine what Exxon and all those who have bet on the reform and have established joint investments are going to think.feedback

Marcela Guerra

We are deeply worried by what the U.S. has added recently in the free-trade negotiations.feedback

Jeremy Fraiberg

M&A is a confidence game. People are waiting for the dust to settle with Trump regulations and the NAFTA uncertainty.feedback

Carlos Ghosn - Renault

NAFTA is a 20 years old agreement which needs to be adapted to reality today which is very different from what it was 20 years ago. But I think everybody has an interest in NAFTA , this is a something which has been done in function, in the interests of the United States, of Mexico and Canada. So I'm very personally confident that even if there are some changes on NAFTA, NAFTA will stay because it's in the best interest of the three countries.feedback

Carlos Ghosn - Renault

I'm not planning on that …. For the next six years we're seeing a stable U.S. market (but) we don't see growth in the U.S. Canada, U.S. and Mexico will continue to evolve around what it is today but we're not seeing strong growth coming from this part. Most of the growth will come from China which in 2017 is going to be the case.feedback

Robert Lighthizer

I'm not saying it doesn't have an effect on relationships, it does, but not on this negotiation.feedback

Robert Lighthizer

There are several more stages, we don't even know whether it is going to be successful, and in addition there are off-ramps in the litigation. It's too early to tell.feedback

Justin Trudeau

Our minister of foreign affairs brought up this issue directly with Trade Representative Lighthizer today in the NAFTA negotiations. We will continue to stand up for Canadian jobs every step of the way, defend our workers in the aerospace industry in Quebec and right across the country. We know that the punitive actions taken by Boeing are completely unfounded and without merit.feedback

Chrystia Freeland

This is an unjust, punitive ruling. The government of Canada cannot treat, as a trusted partner, a company which is attacking our aerospace sector.feedback

Robert Lighthizer

There is an enormous amount of work still to be done, including some very difficult and contentious issues. Staff are working at a pace that is unheard of (in trade negotiations) ... and any suggestion that we're not operating beyond a normal pace is just flat wrong.feedback

Chrystia Freeland

I'm not saying it doesn't have an effect on relationships - it does - but not on this negotiation.feedback

Chad Bown - Peterson Institute for International Economics

The Trump administration may see this as a type of leverage in Nafta. Now they have a potential bargaining chip that they didn't have before to try to extract something from Canada.feedback

Ildefonso Guajardo

We have the ambition, we have the strength to try to move forward with a view to closing a negotiation but no one can assure with total certainty that we will be able to do it. That is our expectation and, therefore, it must also be considered that in this process dates will have to be considered, if necessary, for the start of the next year.feedback

Bryden Teich

This puts a cloud over the company with regard to the CSeries. As long as there's this uncertainty, it will affect the share price.feedback

Justin Trudeau

The negotiations are still under way and of course there will be more difficult discussions in some cases than others. The negotiations move forward at a certain pace and we respect that reality.feedback

Jerry Dias - Unifor

That language was just tested and the (U.S.) lost, so you would now think they'd propose language to make sure that doesn't happen again.feedback

Jerry Dias - Unifor

Mexico's so called 'comparative advantage' not only condemns numerous Mexican workers to working in or near poverty, but it lowers wages and rips away jobs from workers in the United States, especially in the auto industry.feedback

Christopher Monette - Teamsters

It is inadequate. Mexico's so called 'comparative advantage' not only condemns numerous Mexican workers to working in or near poverty, but it lowers wages and rips away jobs from workers in the United States, especially in the auto industry.feedback

John Melle

We've been working very hard so I don't see a problem. We're moving across the board, so it's very ambitious. I think that's accurate.feedback

Wilbur Ross

If we don't fix the rules of origin, negotiations on the rest of the agreement will fail to meaningfully shift the trade imbalance. Our nation's ballooning trade deficit has gutted American manufacturing, killed jobs and sapped our wealth. That is going to change under President Trump, and rules of origin are just the beginning.feedback

Valeria Moy

This has been one of the most understated achievements of NAFTA. The market has helped usher in changes that the Mexican government couldn't.feedback

Macario Schettino

Latin America begins not at the border with the U.S., but [halfway down] in Mexico City.feedback

Gene Paul

We're seeing the growth of these very large dairies that have good cows, they have good technology and they just keep producing more and more milk. Production just continues to increase, and there's no brakes on it. And cooperatives are almost encouraging production by paying volume premiums.feedback

Gene Paul

In Michigan and the Northeast, milk is being dumped. Milk is just being thrown away, because they just don't have the processing capacity.feedback

Ken Nobis

What makes it challenging to build these massive [dairy] plants that we need in the upper Midwest is that we have these issues with global trade going on. We don't see production or consumption growing that rapidly in the United States. So for dairy and most of agriculture, our expanding sales are going to be across the sea.feedback

Ken Nobis

We're 'nip and tuck' on processing capacity. Our state's production has grown very rapidly, and it's grown faster than global consumption has increased.feedback

Peter Fredericks

Exports are a big component now of milk sales in this country. There are certain supply-and-demand imbalances going on. We're not seeing rivers of milk being dumped. We're not seeing farmers foreclosed on – that type of thing. The export market is substantial but not at the level it was 3 or 4 years ago.feedback

Ken Nobis

For 30 or 40 years we've been under the gun of this fat consumption issue. We're seeing increased consumption of the higher-fat items in dairy, like whole milk, butter and cheese.feedback

Luis Videgaray

That will be a big win for Mexico, if they actually returned. You're talking about potentially a free transfer of human capital. That's what it would be. I don't know what country's willing to export–for free–the computer scientists, engineers, doctors. It's hard to me to understand. That means there's something more appealing about the Mexican economy.feedback

Luis Videgaray

We're working hard to make this a win-win, or, I should say, a win-win-win because…Canada is a major part of this.feedback

Luis Videgaray

Mexico is much bigger than NAFTA. If NAFTA goes away…it's not the end of the world. It certainly is not the end of trade between Mexico and the United States.feedback

Wilbur Ross

If you get much into 2018, the political calendar will overwhelm the trade calendar.feedback

Wilbur Ross

We cannot forget that the point of a free-trade agreement is to advantage those within the agreement -- not to help outsiders. Instead, NAFTA has provided entry into a bigger market for outside countries, and the United States is paying the price. While NAFTA has achieved its goal of increasing three-way trade in absolute terms, American workers and businesses are not benefiting in a way that is fair and reciprocal.feedback

Robert Lighthizer

Yeah, well, we're moving at warp speed but we don't know whether we're going to get to a conclusion, that's the problem. We're running very quickly somewhere.feedback

Dennis Darby

Is this the most important trade agreement for Canada? Damn right it is.feedback

Patrick Leblond

For many companies, why should they go beyond North America? It's just there, it's a big market, it's easy and why try to go to Europe or Asia? It's a lot of work and it's difficult.feedback

Hubert Joly - Best Buy

My view is that the savings, the tax savings, will be reinvested in jobs, in investments, and get the country moving forward, and create opportunities for a wide variety of Americans.feedback

Hubert Joly - Best Buy

We need to find a permanent solution for ['the dreamers']. Also from an economic standpoint, it makes a lot of sense. These are hard-working people who contribute to the economy. I'm really hopeful that people will find a permanent solution to this, to this issue. We need to do this.feedback

Wilbur Ross

The political calendar is such that if we don't get a deal more or less by the end of the year... it will get harder and harder.feedback

Jerry Dias - Unifor

These workers are standing up for good jobs. Not just for themselves, but for the entire community. The whole argument that opening up markets is somehow going to benefit working-class people – Nafta has shown that isn't true.feedback

Carlos Ghosn - Renault

But I think everybody has an interest in NAFTA, this is something which has been done in function, in the interests of the United States, of Mexico and Canada. So I'm very personally confident that even if there are some changes on NAFTA, it will stay, because it's in the best interest of the three countries.feedback

Adrian Cisneros Aguilar

The idea behind Mexico's current diversification efforts, including going to China, is that, in the event President Donald Trump eventually backs out of NAFTA, we have to be ready to start implementation of plan B, and plan B is China.feedback

Chrystia Freeland

I am here to say that all three partners are absolutely committed to getting this done.feedback

Robert Lighthizer

I don't think it makes it any harder at all. It just shows that it matters.feedback

Jerry Dias - Unifor

If labour standards aren't a part of a trade deal, then there shouldn't be a trade deal. Mexico can't interfere in the labour market issue in the United States and Canada. We ask the same: that they don't interfere in these matters.feedback

Alejandro Gómez-Strozzi

It is hard to reconcile the political language of the U.S. leaders and their aggressiveness and their sense of being abused by Mexico in the relationship. Nafta needs some improvement, but not in the light that is being portrayed by the U.S. president.feedback

Robert Lighthizer

I am pleased to report that we have found mutual agreement on many important issues. Our work continues at a record pace.feedback

Chad Bown - Peterson Institute for International Economics

I think they might be tougher than the Trump administration thought. Trade negotiations are always challenging.feedback

Michael Froman - World Trade Organization

As you're thinking about the timetable, you need to make sure you have enough time to consult with Congress, consult with stakeholders and find creative solutions to new problems.feedback

Enrique Dussel Peters

It is a very fashionable discussion in Mexico that we should diversify trade since we are having problems with the United States, or more specifically with Trump. And China has become the most fashionable to talk about.feedback

Enrique Pena Nieto

The negotiating team has precise instructions to participate in this process with seriousness, good faith and a constructive spirit, always putting first the interest of Mexico while reaching for a result where all three countries win.feedback

Enrique Pena Nieto

The relationship with the new government of the United States, as with any other nation, needs to be based on irrevocable principles: sovereignty, defense of national interests and the protection of our fellow nationals. To all of you young dreamers, my greatest recognition, admiration and solidarity.feedback

Ildefonso Guajardo

NAFTA will continue to regulate the relationship between Mexico and Canada. The one that could take that decision, depending on how we get on with the negotiation, is our neighbor the United States. Neither Canada nor Mexico will announce their departure (from NAFTA) because we want to keep being regulated by NAFTA.feedback

Justin Trudeau

There are always going to be words thrown about here and there but ... we will continue to work seriously and respectfully to improve NAFTA to benefit not just Canadians but our American and Mexican friends as well.feedback

Wendy Cutler

I think his tweets and statements are just complicating what's already a difficult negotiation. I think it will embolden the naysayers in Canada and Mexico who don't want to move in certain areas by telling the negotiators, don't move on these issues because the president has already said he probably won't sign off on this deal.feedback

Andres Manuel Lopez Obrador

It's not convenient to pursue a deal under pressure. Any unfair trade deal can be revised by the Mexican government.feedback

Andres Manuel Lopez Obrador

We will audit contracts, see how they were made and ensure that there was no corruption involved. We will not accept disadvantageous contracts where Mexico is stripped of its income. I favor foreign investment, but I won't allow Mexico's interests to be affected.feedback

Luis Videgaray

No. We think the negotiation already has a process. We don't think it would be the right path or a viable path to terminate the agreement just when we're in negotiations.feedback

Donald J. Trump

We're working right now on Nafta – the horrible, terrible Nafta deal that took so much business out of your state and out of your cities and towns, and we're working on it. Let's see what happens. We got to change this deal. And hopefully we can renegotiate it. But if we can't, we'll terminate it and we'll start all over again with a real deal.feedback

Ildefonso Guajardo

This is not going to be easy. The start of the talks is like a roller coaster. Next Friday there is the possibility that we find an impasse, the possibility that this does not advance, we can't rule that out. We are also analyzing a scenario with no NAFTA.feedback

Jeffrey Halley

The events of this morning have somewhat overshadowed gold's performance in the New York session where gold proceeded directly to go and put in a monster $20 rally from its opening. Trump's negative comments on the NAFTA renegotiation and no tightening signals from Jackson Hole see U.S. dollar selling renew with vigor in New York.feedback

Ann Harrison

Renegotiating NAFTA and protectionist measures against China will not save jobs.feedback

Donald J. Trump

We are in the NAFTA (worst trade deal ever made) renegotiation process with Mexico & Canada. Both being very difficult, may have to terminate?feedback

Donald J. Trump

I will be going to Texas as soon as that trip can be made without causing disruption. The focus must be life and safety. I will also be going to a wonderful state, Missouri, that I won by a lot in '16. Dem C.M. is opposed to big tax cuts. Republican will win S!feedback

Enrique Pena Nieto

From an economic issue, it is the least important thing we were talking about.feedback

Nick Marchio

U.S. trade strategy cannot simply be a manufacturing strategy. It's no coincidence that the growing weight of services exports … is rarely, if ever, acknowledged in the Trump administration's 'Made in America' stance.feedback

Joe Arpaio

I'll make a prediction. I think he's going to be just fine, OK (APPLAUSE) ... But I won't do it tonight. We will renegotiate NAFTA, or we will terminate NAFTA. I personally don't think you can make a deal without a termination, but we're going to see what happens, OK? ... You're in good hands, I can tell you.feedback

Art Cashin

Here's the president saying we're not getting along as well as everybody thought and the market's readjusting for that. As good as yesterday's rally looked, it was in many ways a retracement rally. The real winners yesterday were the casualties of the preceding two weeks.feedback

Art Cashin

If they truly believed no more NAFTA, it would be far more significant.feedback

Kiran Kowshik - UniCredit Research

For the peso, the market had largely priced out any risk of trade protectionism, which is why you have seen a very strong rally (this year). But with Trump up against the wall, finding it tough to do anything on the likes of tax reform, he is looking for other things to do. So you've seen sanctions against companies in Russia, and now there is more hardline rhetoric on the trade side.feedback

Kiran Kowshik - UniCredit Research

So this could see the peso come under a bit of pressure as the market assumed there would be no trade frictions.feedback

Steven Mnuchin

I think we'll end up probably terminating NAFTA at some point.feedback

Marc Chandler - Brown Brothers Harriman

I think it's part of the negotiation tactics, and it's scary because the negotiations just began.feedback

Marc Chandler - Brown Brothers Harriman

This is sort of the rule of thumb. When Trump talks bad about something, you wait for the dip and buy.feedback

Robert Lighthizer

President Trump has been clear from the very beginning that if the NAFTA renegotiation is unsuccessful, he will withdraw from the agreement.feedback

Donald J. Trump

Anyway, we started two days ago, Bob Lighthizer. Personally, I don't think we can make a deal, because we have been so badly taken advantage of. They have made such great deals, both of the countries, but in particular, Mexico, that I don't think we can make a deal. So I think we'll end up probably terminating NAFTA at some point, OK? Probably.feedback

Michael Taube

The Liberals want to expand Nafta to cover ‘gender rights’ and ‘indigenous rights.’.feedback

Ildefonso Guajardo

National content is not used in any commercial agreement in the world, because it puts too much rigidities to the companies.feedback

Eric Miller

The lack of U.S. clarity represents a risk [for Canada and Mexico], and they are trying to prepare for any eventuality.feedback

John Masswohl - Canadian Cattlemen's Association

It's hard to imagine how they can do something very substantive and do it very quickly. It's almost as if you can have one or the other. You can have it quick, or you can have it meaningful.feedback

Laura Dawson

These are orthodox trade law negotiators...none of these guys is going to be freelancing.feedback

Steve Verheul

I've predicted the end of negotiations many times and I have usually been wrong.feedback

Laura Dawson

Then they either have to leave the negotiations or dial back their demands.feedback

Robert Lighthizer

Rules of origin, particularly on autos and auto parts, must require higher NAFTA content and substantial U.S. content. Country of origin should be verified, not 'deemed.feedback

Deborah Elms

Anyone else thinking about doing a bilateral deal with the U.S. is watching to see what a bilateral with this administration looks like.feedback

Stewart Beck - Asia Pacific Foundation of Canada

We've always had long-term relationships in Asia, but the reality is, our economic focus has always been toward the U.S. The fact that we're beginning to look at Asia in a much more constructive way from a business perspective is really good news.feedback

Stewart Beck - Asia Pacific Foundation of Canada

The challenge has been, historically, certainly over the last five years, a certain reluctance in terms of the Canadian population to engage in a free-trade agreement with China.feedback

Flavio Volpe

Anytime you say this list or a part of this list has to come from one specific country you're going to hurt all three countries. A car today probably has 25 to 30 percent advanced electronics, software content in it. In 1994, it had zero or 1 percent. Could you address the tracing to help you get to NAFTA compliance level by capturing some of the work that's being done in Silicon Valley or Waterloo, Canada? Yes.feedback

James Rockas

Once Commerce announces a final determination on countervailing and/or anti-dumping duties, a softwood lumber agreement would have to be negotiated under other authorities.feedback

Chrystia Freeland

We don't want just any deal and the Americans know that. We want a deal that is good for Canadians.feedback

Joe Patton

We're still a ways apart. I think the NAFTA is going to go ahead and get started without us.feedback

Hilla Sferruzza - Meritage

We are cautious due to potentially rising lumber prices that could pressure margins and the continued tight labor supply.feedback

Zoltan van Heyningen

Thus far, everything that we understand that Canada has tabled constitutes an at-or-above market share agreement.feedback

Donald J. Trump

It is my privilege to bring NAFTA up to date through renegotiation. It is an honor to deal with both President Pena Nieto and Prime Minister Trudeau, and I believe that the end result will make all three countries stronger and better. I received calls from the President of Mexico and the Prime Minister of Canada asking to renegotiate NAFTA rather than terminate. I agreed...subject to the fact that if we do not reach a fair deal for all, we will then terminate NAFTA. Relationships are good-deal very possible!feedback

Aaron P. Bernstein

Anytime you say this list or a part of this list has to come from one specific country you're going to hurt all three countries.feedback

John Bozzella

Negotiators should be mindful of this success as they work to modernize the agreement.feedback

Carlos Galindo

We need to focus on the internal economy. We're a sweat-shop country, and the whole world knows it. The only thing we're doing is exporting.feedback

Ernesto Ladron de Guevara

The great loser in these last 23 years has been Mexico, above all, the small farmers.feedback

Caroline Freund - Peterson Institute for International Economics

I think there's been some confusion among people in the Trump administration on what exactly they are. They seem to assume that they're U.S. content requirements, which they're not. They're regional content requirements. It's difficult to imagine how increasing rules of origin would lead to more U.S. content in trade with our NAFTA partners.feedback

Robert Lighthizer

We need to ensure that the huge trade deficits do not continue and we have balance and reciprocity. This should be periodically reviewed. The rules of origin, particularly on autos and auto parts, must require higher NAFTA content and substantial U.S. content.feedback

Chrystia Freeland

Canada does not view trade surpluses or deficits as a primary measure of whether a trading relationship works. Nonetheless, it's worth noting that our trade with the U.S. is balanced and mutually beneficial.feedback

Juan Carlos Hartasanchez

For Mexico, the main objective is to continue guaranteeing that Mexico has market access to the United States.feedback

Jonathan Lieber

I think as the administration struggle to put points on the political scoreboard, there's going to be a lot of focus on the renegotiation of NAFTA as a key indicator to move their agenda forward.feedback

Jonathan Lieber

If they put barriers on Mexican exports, they're going to have members of Congress condemning what they've done. It's going to be hard for them to spin it into a political victory.feedback

Juan Carlos Hartasanchez

If you look at the U.S. objections in detail, they discuss rules of origin by stating that the new rules of origin should be reviewed to guarantee U.S. and North American products. They focus first on the U.S. which would be first thing for bilateral but you're trying to strengthen the region. If they push toward U.S. rules of origin that might complicate the negotiations.feedback

Jonathan Lieber

I think the likely outcome based on the body language so far is they get a minor rewrite of NAFTA to include some of the TPP-like rules.feedback

Juan Carlos Hartasanchez

If the conversation from the U.S. focuses on trying to reduce that trade deficit, through limiting, or high and unrealistic rules of origination, then we could be in a pretty bad situation. Mexico will have no other alternative than to walk away from the negotiations altogether.feedback

Jonathan Lieber

If you can upscale some of the environmental rules you have in Canada and the United States, in Mexico, then suddenly you have a more level playing field for workers in the three countries.feedback

Stephen Powell

Canada can certainly insist on something very big, so can Mexico.feedback

Chrystia Freeland

Canada absolutely stands very firm in the importance of having such a mechanism.feedback

Marc Dubé

We certainly knew that with Chapter 19, all of the facts would be addressed by an independent panel…in a more fair manner.feedback

Norihiro Fujito - Mitsubishi UFJ Morgan Stanley Securities

It's not that risks on North Korea completely faded, but for now, after a sharp rise on the previous day, investors decided to wait for more catalysts before investing actively.feedback

Tim Ryan

Ultimately you can have huge disruptions in the economy if you don't handle this like an adult.feedback

Robert Lighthizer

Rules of origin, particular on autos and auto content, must require higher NAFTA content and substantial U.S. content. Country of origin should be verified, not deemed. Labor provisions should be included in the agreement and be as strong as possible. The agreement should have effective provisions to guard against currency manipulation.feedback

Robert Holleyman

The "toughest nut to crack. We know where he wants to make changes to NAFTA. Whether those changes lead up to something that actually reduces the trade deficit with Mexico is wholly unclear.feedback

Chrystia Freeland

Canada will uphold and preserve the elements in NAFTA that Canadians deem key to our national interest -- including a process to ensure anti-dumping and countervailing duties are only applied fairly when truly warranted. Our government will be equally resolute.feedback

Javier Palomarez

The average American doesn't recognize that 95 percent of the global market exists outside of the United States. And that when you look at all the corporations or companies that engage in foreign trade in this country, 98 percent of them are considered medium to small size companies.feedback

Javier Palomarez

We don't believe, we never have, that NAFTA should be torn up and thrown out. That makes no sense whatsoever.feedback

Javier Palomarez

We are very focused on the notion that Canada and Mexico are our number 1 and number 3 trade partners, and we should treat them accordingly.feedback

Chrystia Freeland

In all these discussions, we will come to the table with goodwill, and Canada's characteristic ability and willingness to seek compromise and find win-win solutions. But we are committed to a good deal, not just any deal. That will be our bottom line.feedback

Ed Brzytwa - Information Technology Industry Council

We're fairly confident the issues we identified will be addressed in the negotiations.feedback

Paul Lauritzen - Nafta

If we get into a trade war, that could significantly impact our U.S. production. It just seems like the Trump guys are so focused on meeting campaign promises that they have failed to understand the reality of manufacturing and the global supply chain.feedback

Swati Dhingra

Altering Nafta could fundamentally change the production of the economy – for the U.S., as well as for Mexico – and that will be very disruptive. Many of the policies being proposed could end up hurting the people who are being left behind.feedback

Auggie Tantillo

We strongly support President Trump's intention to reopen Nafta, and agree that it can be updated and improved to significantly enhance U.S. textile production, exports and employment.feedback

Jamie Hillegonds

It's very difficult to develop a global sourcing strategy based on Trump's day-to-day whims about what he wants to do.feedback

Chrystia Freeland

American partners have been listening. Today, they understand ... that our relationship, the greatest economic partnership in the world, is balanced and mutually beneficial.feedback

Nelson W. Cunningham

A poorly reworked agreement would be a gift to China.feedback

Chrystia Freeland

There are too many communities in our prosperous nation where people do not feel prosperous, where they instead feel left behind by an economy that is increasingly divided between the wealthy 1 percent at the very top, and everyone else.feedback

Chrystia Freeland

We've explained to our southern friends, at every opportunity, that Canada is the largest export market for two thirds of U.S. states, and America's biggest overall customer – by far. Indeed, Canada buys more from the U.S. than China, the U.K. and Japan combined. If we don't act now, Canadians may lose faith in the open society, in immigration and in free trade – just as many have across the Western industrialized world.feedback

Chrystia Freeland

Our approach in these talks will be in keeping with our national character; hard-working, fact-based, cordial, animated by the spirit of good will and the pursuit of compromise. We also know that there is no contradiction between being polite, and being strong. It is no accident that hockey is our national sport.feedback

Laura Dawson

It may be an opportunity for creative rule making. If a trade agreement is going to have longevity, it needs to reflect the broader public values and not just be a way to ease the trade of things.feedback

Tracey Ramsey

How confident can you be that the Americans will even include the words 'climate change' when they pulled out of what happened in Paris? They have a president who claims that climate change is a Chinese hoax.feedback

Caroline Freund - Peterson Institute for International Economics

The Trump administration has framed their NAFTA negotiating goals around decreasing the trade deficit with Mexico. If they don't touch vehicles, there's no other way of getting at exactly what they desire.feedback

Donald Norcross

Those trade agreements, we're still paying a price on NAFTA.feedback

Larry Herman

One tweet from the president can upset a lot of the U.S. negotiating strategy.feedback

Brian Topp

I do think it is smart for the government to cast a wide net and to listen widely, and that's what I hope they do.feedback

Justin Trudeau

Free trade has worked. Its working now. If anything, we'd like a thinner border for trade, not a thicker one.feedback

Larry Herman

Canadians should be prepared for tough, difficult and rather unpleasant negotiations. I don't think there's any basis for complacency.feedback

Caroline Freund - Peterson Institute for International Economics

If you really want to do a full-blown modernization of NAFTA, it's going to take a lot more than six months. Ultimately I think they're going to get bogged down in all these details and pick two to three things and have a smaller agenda.feedback

Donald J. Trump

We have received a dossier that North Korea may be about to unleash a Godzilla, or possibly a Rodan on US naval warships in the Pacific Ocean. The American people will not stand idly by and allow a dictator such as Kim Jon-un to threaten our way of life with a massive, city-stomping, fire breathing lizard creature, okay? Everybody, we need to concentrate all our attention on this. The entire west coast is at risk… have you seen the size of these things? Huge. Trust me.feedback

Horacio Chavez - Kia

For finished products there would be an additional impact of 2.5 percent that, undoubtedly, would be reflected in a price increase. But it seems to me a tax that is still manageable.feedback

Horacio Chavez - Kia

We knew that Forte has good demand in the United States, but Rio is the vehicle that sells better in Latin America.feedback

Ildefonso Guajardo

If we continue negotiations (longer) they will be part of the debate in the campaign. And you know how it is, when you politicize things, it is not the best ingredient to get things done.feedback

Ildefonso Guajardo

In itself, this is a very clear message that we are looking for alternative sources for unforeseen scenarios.feedback

Ildefonso Guajardo

I will assign a 60 percent probability that we will be able to conclude this process on time.feedback

Ildefonso Guajardo

That would be a different level of ambition. If the United States can't agree about the essence of immigration reform, it would be (unrealistic) to hope that NAFTA enters into the immigration debate.feedback

Donald J. Trump

Canada, what they've done to our dairy farmworkers is a disgrace. We can't let Canada or anybody else take advantage and do what they did to our workers and to our farmers … included in there is lumber, timber and energy. So we're going to have to get to the negotiating table with Canada very, very quickly.feedback

Federico Estévez

Canada was getting a free ride. All of the fire was headed south of the US border – so Canada was getting off easy.feedback

Federico Estévez

I think Trump understood something basic, which is that the US will not be able to tweak Nafta or rework it unless it splits up Canada and Mexico and makes Canada squirm just as well. You want to open up some battlefronts – and that's what he's effectively done, to the surprise of everybody.feedback

Carlos Heredia

I've not read the national interests of Mexico spelled out. There hasn't been any sort of open consultation – the online consultation is sort of a joke – but there's nothing saying, We are going to represent the national interest of Mexico, not just the top echelons of business and politics.feedback

Reggie Brown

We are basically an industry under assault. We have family farmers being forced out of business by unfair trade practices.feedback

Floyd Gaibler - US Grains Council

We hope that whatever negotiations are conducted here that agriculture doesn't end up being caught up as a retaliation target.feedback

Jeff Kleintop

We don't need to have one but it wouldn't surprise me if we did have a pullback. There's still people looking to buy in on the dips, and people have a lot of cash. I would think it would be fairly short-lived. We've got the hurricane season picking up in August. That could influence oil prices and it looks like it could be a more aggressive season this year. We've also got ... really the first substantive NAFTA meeting on Aug. 17 through the 20th.feedback

Don Walker - Magna International

I look at NAFTA as a trading partner. We need to make sure we keep it solid, we keep it competitive, because it's Asia, it's Europe that are really competing, and NAFTA has to be competitive. So I think fair trade is good, I think fair trade in the rest of the world is good, and from what I see, and they can tweak it, but it already works pretty efficiently. We've just got to make sure they don't do something to damage the effectiveness of all three countries working together.feedback

Don Walker - Magna International

I actually think one of the reasons our stock price is underpriced right now is because there's concern with NAFTA.feedback

Ildefonso Guajardo

The majority of recent controversies (with the United States) ... we have won them all in the WTO, which has been for us, a much more efficient mechanism than Chapter 19 of NAFTA.feedback

Lance Fritz - Union Pacific

What makes most sense to us is elements (of Lighthizer's priorities) focusing on the streamlining of freight across the border.feedback

Lance Fritz - Union Pacific

It was a very reasonable document. From our perspective, he (Lighthizer) hit all of the elements that we've heard from the administration and they make sense.feedback

Robert Lighthizer

President Trump continues to fulfill his promise to renegotiate NAFTA to get a much better deal for all Americans. Too many Americans have been hurt by closed factories, exported jobs, and broken political promises. Under President Trump's leadership, USTR will negotiate a fair deal. We will seek to address America's persistent trade imbalances, break down trade barriers, and give Americans new opportunities to grow their exports. President Trump is reclaiming American prosperity and making our country great again.feedback

Geronimo Gutierrez

That is not wise ... because it becomes a Christmas tree, everybody wants to hang something onto the Christmas tree.feedback

Geronimo Gutierrez

Investment decisions throughout North America have been, to the best of my knowledge, postponed because of uncertainty.feedback

Geronimo Gutierrez

In all honesty, I can't say that risk has been completely dismissed. No one would sit down and negotiate under a strong threat that at any time he would pull out.feedback

Ron Wyden

The administration is planning to come to the table with watered down versions of TPP proposals.feedback

David MacNaughton

There are many things that [the U.S.] raised that we … take quite a different position. We think it's critical to have some kind of a dispute resolution mechanism incorporated. It was in 1994 and continues to be today and whether or not that dispute resolution mechanism can be improved or modernized, I think we're up for discussion around that. But there needs to be some kind of a dispute resolution mechanism as part of the agreement.feedback

Xavier Mosquet - Boston Consulting Group

Vitality in the motor vehicle sector hinges on a globally integrated supply chain. By introducing new tariffs, a border tax and a retreat from NAFTA would greatly impede the industry's relatively smooth and cost-effective flow of goods across borders in North America and around the world.feedback

Fred Bergsten - Peterson Institute for International Economics

If the current president of Mexico were to capitulate in any major way to Trump's unreasonable demands, then it would be a huge bonanza for Lopez Obrador.feedback

Ildefonso Guajardo

What is positive is that (the United States) themselves paraphrased that they won't reintroduce quotas or tariffs during this process (of renegotiation). This will all have to be subject to the three sides being in agreement in the process.feedback

Ildefonso Guajardo

What I have said insistently in my conversations with my colleagues is that we're delighted to review trade balances provided that we focus on how to improve them by expanding commerce, not by reducing it.feedback

Phil Levy

There's no detail. There's nothing in there where you could say, this is how we get rid of the trade deficit.feedback

Rosa DeLauro

People are very concerned about what the direction of NAFTA is. We'll see if they have listened and if they maintained their campaign promises, and if not we'll go into the same mode we did with TPP and defeat it.feedback

C. Fred Bergsten

Half a dozen major U.S. industries have integrated across North America and their whole business model would be disrupted.feedback

Andy Shoyer

The TPP, which has been demonized by President Trump, was essentially the renegotiation of NAFTA.feedback

Ron Wyden

It is surprising that in key areas the Trump administration is seeking outcomes that were achieved in the T.P.P., which the president said was a bad agreement.feedback

Chad Bown - Peterson Institute for International Economics

It is very consistent with the president's stance on liking trade barriers, liking protectionism. This makes Nafta in many respects less of a free-trade agreement.feedback

Donald J. Trump

It is my privilege to bring Nafta up-to-date through renegotiation. I believe that the end result will make all three countries stronger and better.feedback

Richard L. Trumka - AFL-CIO

We will do everything we can to make this a good agreement and to hold the president at this word and make sure we get a renegotiation. If it comes out that it is not a good deal, no deal is better than a bad deal.feedback

Fred Bergsten - Peterson Institute for International Economics

We're talking about an imbalance of US$60 billion and there is no way under the sun that Mexico can eliminate that or even make a big dent in that without doing some really massive uneconomic distortion of trade flows.feedback

Ron Wyden

This is a once-in-a-generation chance to rewrite NAFTA. Trump can't squander this opportunity.feedback

Ron Wyden

Donald Trump promised to get a better deal than TPP, and Americans are going to be deeply disappointed if he doesn't follow through on NAFTA negotiations.feedback

Justin Trudeau

Canada is the U.S.'s biggest, best customer by far. No one even comes close.feedback

Justin Trudeau

Sometimes getting it right means refusing to take the politically tempting shortcuts. More trade barriers, more local content provisions, more preferential access for homegrown players and government procurement, for example, does not help working families over the long term or even the midterm. Canada doesn't want to go there. If anything, we'd like a thinner border for trade, not a thicker one. To boil this down to one point: Canada is the [America's] biggest, best customer – by far.feedback

Justin Trudeau

NAFTA isn't perfect. No such agreement ever is. We think it should be updated and modernized as it has been a dozen times over the past quarter century. And I have every expectation that it will be to benefit working people in all three countries.feedback

Justin Trudeau

We reach out, we think and we plan, and we thought this would be a great opportunity to step up our engagement with all levels.feedback

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