Wilbur Ross on NAFTA

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Last quote by Wilbur Ross on NAFTA

So, I don't know whether we'll be able to do that. But we're certainly mindful of the calendar and the fact that the calendar is fundamentally not our friend.feedback
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Jun 19 2017
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All quotes by Wilbur Ross on NAFTA

There's no change in our thinking. This letter simply describes in very broad outline the topics that we will be discussing. So I don't think there's any great reason for you to overthink it.feedback

There's no change in our thinking ... I don't think there's any great reason for you to overthink it.feedback

The next stage will be – hopefully sometime in the next couple of weeks – issuing the 90-day (consultation) letter. That's what triggers the beginnings of the formal process itself. We don't have a date certain for that. We've been in discussion with the – Senate finance committee and the House ways and means committee. It will either be two parallel bilaterals, with symmetrical provisions. Or one new trilateral. We're less concerned at this stage with the exact form than we are with trying to get to the substance.feedback

NAFTA is a trilateral agreement and it would make a lot of sense to have trilateral discussions.feedback

They're being kept alive by state-owned banks. To me that looks and feels and tastes a lot like artificial subsidies. I am not anti-trade. I am pro-trade. But I am pro-sensible trade, not trade that is to the disadvantage of the American worker and to the American manufacturing community.feedback

As to Canada and Mexico, the President-elect has made no secret in his public remarks, nor have I, that NAFTA is logically the first thing for us to deal with. We ought to solidify relationships the best way we can in our own territory before we go off into other jurisdictions.feedback

Hillary Clinton can't tell a good trade deal from bad one. She was for NAFTA [North American Free Trade Agreement], which has cost almost a million jobs. The one that [Clinton] boasted in her economic speech that she went against was Central American Free Trade Agreement. That free trade deal worked out well for the U.S. in the form of trade surpluses with CAFTA countries.feedback

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Quotes by Wilbur Ross on NAFTA

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