January 23, 2017 9:14 AM

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US Prez Trump plans talks soon with Canada, Mexico leaders to begin renegotiating North American Free Trade Agreement

US President Donald Trump has said he plans talks soon with the leaders of Canada and Mexico to begin renegotiating the North American Free Trade Agreement. Trump yesterday said at a swearing-in ceremony for his top White House advisers that we will be starting negotiations having to do with NAFTA. Trump pledged during his presidential campaign that if elected he would renegotiate the NAFTA trade pact to provide more favorable terms to the United States. <br/><br/>NAFTA, which took effect in 1994, and other trade deals became lightning rods for voter anger in the US industrial heartland states that swept Trump to power this month. Trump said he would be meeting with Canadian Prime Minister Justin Trudeau and Mexican President Enrique Pena Nieto to begin work on overhauling the deal. Trump has said little about what improvements he wants, apart from halting the migration of US factories and jobs to Mexico.<br/><br/>Since winning the November 8th election, Trump has singled out and threatened to impose tariffs on US companies that move any production to Mexico. He has also intends to build a wall along the US southern border to deter illegal immigration and insisted that Mexico will pay for it.

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