Members of the Donald Trump transition team are trying to tamp down concerns among corporate leaders that the incoming administration may spark trade wars with Mexico, Canada and other major trading partners over the next four years.
Anthony Scaramucci, a senior adviser on the Trump transition team, told a group of business leaders convened at a bipartisan meeting by the group No Labels that President-elect Trump is a free-trader who is looking to make trade deals more fair, not scrap them.
“I don’t think we’re looking to rip up NAFTA as much as we are looking to right-size it and make it fairer,” he added. “He’s got a great relationship, by the way, with the Mexican president. They talk regularly,” referring to Trump and Mexican President Enrique Peña Nieto.
Scaramucci said his homework on Trump’s economic team has been to study the impact of the North American Free Trade Agreement (NAFTA), which Trump called “the worst trade deal maybe ever signed anywhere” during the presidential campaign...
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