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Trump wants new Nafta deal to cut deficit with Mexico

Tuesday, July 18, 2017


President Donald Trump vowed Monday to boost U.S. manufacturing by cutting the $64 billion trade deficit with Mexico as he showcased products made in all 50 states — everything from a fire truck to a baseball bat.

"No longer are we going to allow other countries to break the rules, to steal our jobs and drain our wealth," Trump said at a White House event.

Shortly after Trump's remarks, the U.S. trade representative released an 18-page report about its goals for updating the decades-old Nafta accord with Canada and Mexico. In addition to reducing the trade deficit, the administration wants to insert a chapter on the digital economy into the deal. It also wants to strengthen labor and environmental obligations.

Source: Associated Press