Trump May Consider Officially Withdrawing From The North American Free Trade Agreement.

During the campaign, Trump commented that because of the North American Free Trade Area and many trade activities under globalization, many countries took the opportunity to steal large numbers of jobs from the United States, which seriously damaged the interests of American workers.

Generally speaking, globalization has enabled resources to be optimally allocated globally, and the division of labor in different countries is more obvious and more specialized.

The US Republican and democratic parties still have wide recognition of economic globalization and trade liberalization.

According to the memorandum, the Trump administration and the two parties' support for globalisation will partake of the US trade policy for decades.

Some media predict that this will lead to serious differences between the White House and Congress.

US President elect Donald

During the election campaign, many times the "shocking" speech, many people feel that this is just "election language."

Judging from the latest news, Trump may be tempted to play the real role in the field of trade.

The CNN (CNN) disclosed a policy memorandum known as Trump's first two hundred days, indicating that he plans to quit the NAFTA when he takes office.

CNN said the memorandum received by the media was drafted by the Trump pition team, describing the outline of the trade policy for the first 200 days of Trump's presidency, including five key tasks: first, to withdraw or renegotiate the North American Free Trade Agreement (NAFTA), and then to stop it.

"(TPP), in addition, is to prevent" unfair imports ". The fourth task is to end" unfair trade management "and the fifth one is to seek bilateral trade agreements.

The ultimate goal is to return manufacturing jobs back to the United States.

According to the memorandum, Trump will command the Ministry of Commerce and the International Trade Commission to study the details of the NAFTA and the relevant legislative matters on the first day of its inauguration.

At the same time, he will delegate trade representatives to Canada and Mexico to convey the wishes of the United States to modify the FTA, covering monetary control, timber trade, country of origin marking, and environmental and safety standards.

200 days after the ruling, Trump may consider formally withdrawing from the North American Free Trade Agreement (NAFTA) instead of seeking a bilateral trade agreement with Canada and Mexico.

In addition, Trump will also investigate whether there are unfair competition among US trade partners, consider food trade security and pnational mergers and acquisitions.

It is worth mentioning that, because the incumbent president Barack Obama no longer seeks Congress to pass the p Pacific Partnership Agreement, members of the Democratic Party and the Republican party hold a negative attitude towards the agreement.

According to the cable news network, the p Pacific Partnership Agreement pushed by the Obama administration has actually been "aborted".

Trump's "200 day plan" memorandum says quit.

"There will be a series of negative consequences, but if the bilateral trade agreements between the United States, Canada and Mexico can be successfully achieved, the negative effects will be offset.

In 1992, the United States, Canada and Mexico signed the North American Free Trade Agreement and established the North American Free Trade Area. The FTA came into effect in 1994.

The North American Free Trade Zone quickly developed into the largest free trade area in the world and basically realized zero tariff in the region.