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Why was nafta created Form: What You Should Know
NAFTA also increased employment opportunities in all three countries and expanded the scope of trade between the two countries. On Trade Deals, Trump Says They're Bad for the American People — Reuters Sep 14, 2024 — The United States will leave the Trans-Pacific Partnership (TPP) free trade agreement with countries across the Pacific Ocean after the Trump administration concluded that a trade deal could lead to “the steady erosion of U.S. economic prosperity…and a downward spiral of global competitiveness.” Trump administration: Leaving TPP, starting talks on new deal— The Washington Post Sep 14, 2024 — The Trump administration will withdraw the United States from the Trans-Pacific Partnership free trade pact with Pacific Rim nations if the deal fails to live up to expectations. It does not appear that the TPP, negotiated over four years, will be re-negotiated, a spokeswoman said. In the first few weeks of his presidency, Trump has been very critical of the North American Free Trade Agreement (NAFTA), the trade deal reached between the three North American countries more than twenty years ago. Trump said he opposes NAFTA and the proposed U.S.-Canada trade deal, and the former president, Bill Clinton, who negotiated NAFTA with Mexico, Canada, and the United States, suggested Trump would “ruin” his legacy of boosting U.S. manufacturing, the Wall Street Journal reported. Hillary Clinton will be in Mexico City for economic talks on Tuesday, where the Mexican delegation and U.S. officials are due to hold talks at the presidential palace, the Associated Press reported. Mexico's Economy Minister Alfonso Fajardo has said that Clinton will be at Mexico City for high-level talks with Mexican and U.S. government officials, where the U.S. economic secretary, Elaine Chao, is expected to speak. Sep 14, 2024 — The Trans-Pacific Partnership (TPP) free trade agreement, also known as the Trans-Pacific Partnership, will be renegotiated and possibly left in place, Mexico's economy minister has said. Sep 14, 2024 — Mexico's President Enrique Pena Into says he and U.S. President Donald Trump have begun preliminary discussions on NAFTA renegotiation, despite the recent U.S. withdrawal. Pena Into confirmed he and Trump would meet at the Asia-Pacific Economic Cooperation summit in Vietnam this weekend.
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