Bolten Says Trump’s Nafta Tweet Is Encouraging

The transcript discusses the initial report of the US withdrawing from NAFTA, which was later reversed following calls from the leaders of Mexico and Canada. It highlights the importance of modernizing NAFTA to include digital products and intellectual property, while maintaining existing supply chains crucial for US businesses. The discussion also covers the negotiation strategy, emphasizing the need for a fair deal and the timeline for notifying Congress before negotiations can begin.

What was the initial report regarding the U.S. and NAFTA?

• The U.S. was planning to strengthen NAFTA.

• The U.S. was considering withdrawing from NAFTA.

• The U.S. wanted to create a new trade agreement.

• The U.S. was planning to ignore NAFTA.

What are some areas that need modernization in NAFTA?

• Agricultural tariffs

• Environmental regulations

• Digital products and intellectual property

• Labor laws

Why is it important to maintain the fundamental structure of NAFTA?

• To increase tariffs on imports

• To prevent disruption of established supply chains

• To reduce competition with European markets

• To ensure the U.S. has more control over trade

What is the significance of keeping the withdrawal option on the table during negotiations?

• It simplifies the negotiation process.

• It allows for more trade partners.

• It guarantees immediate success.

• It ensures a fair deal is reached.

What procedural step must be completed before NAFTA negotiations can begin?

• Approval from the President

• Notification to Congress

• Agreement from Canada and Mexico

• Public referendum