Automakers Urge Trump Don’t Ditch NAFTA

Automakers on Monday urged United States president Donald Trump not to terminate the North American Free Trade Agreement. They also expressed hopes that the United States, Canada and Mexico can create a modernized and improved trade pact between the nations rather than terminate it. Trump has previously threatened to withdraw from NAFTA which is heavily utilized by automakers who have supply chains spread across the three countries. All of Detroit’s big three automakers have commented on NAFTA at the Detroit auto show taking place this month. Jim Lentz, a Chief Executive at Toyota told Reuters, “A NAFTA breakup would raise costs, slow demand and put U.S. jobs in jeopardy.”

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