Email a friend
  • To include more than one recipient, please separate each email address with a semi-colon ';', to a maximum of 5

  • By submitting this article to a friend we reserve the right to contact them regarding AMM subscriptions. Please ensure you have their consent before giving us their details.

Nafta redo tops Commerce to-do list, Ross pledges

Mar 31, 2017 | 08:00 PM | AMM staff

Reworking the North American Free Trade Agreement (Nafta) will be a top priority for the U.S. Commerce Department under the Trump administration, Commerce Secretary Wilbur Ross pledged.

“To start with, we will be involved with rebalancing a global trade system that has gutted American manufacturing and left families across America without work and without hope,” Ross pledged in brief comments before Commerce employees on March 1 in Washington.

“We will play a major role in renegotiating bad trade deals, like Nafta, as the administration seeks to institute a system of both free and fair trade,” he stressed. Ross blamed Nafta for the loss of “more than a quarter” of U.S. manufacturing jobs.

The United States has run “massive” trade deficits with its Nafta trading partners—Canada and Mexico—for years, according to a leaked copy of the 2017 U.S. national trade policy agenda posted online by the Financial Times. The U.S.’ combined trade deficit with Canada and Mexico stood at $74 billion in 2016 alone, the document indicated.

Latest Pricing Trends Year Over Year


How will the US Treasury Department’s sanctions against UC Rusal affect the US downstream aluminium sector?

They will have a severe impact; companies might go out of business.
They will have a limited impact, but there will be some disruptions
They will have no impact, business will be unaffected

View previous results