Trump: Many US Trade Deals Soon to Be Renegotiated

© AP Photo / Susan WalshPresident Donald Trump attends the commencement address at the U.S. Coast Guard Academy in New London, Conn., Wednesday, May 17, 2017
President Donald Trump attends the commencement address at the U.S. Coast Guard Academy in New London, Conn., Wednesday, May 17, 2017 - Sputnik International
Subscribe
Donald Trump said he will push ahead with plans to renegotiate trade agreements.

Oxfam activists wearing masks of the leaders of the G7 summit; from left, Italian Premier Paolo Gentiloni, US President Donald Trump, German Chancellor Angela Merkel, Japanese Prime Minister Shinzo Abe, French President Emmanuel Macron and Canadian Prime Minister Justin Trudeau, stage a demonstration in Giardini Naxos, near the venue of the G7 summit in the Sicilian town of Taormina, southern Italy, Friday, May 26, 2017 - Sputnik International
Germany, France, Italy Say Paris Climate Accord 'Cannot be Renegotiated'
WASHINGTON (Sputnik) — US President Donald Trump said on Thursday he will push ahead with plans to renegotiate trade agreements with other nations.

"Many trade deals will soon be under renegotiation," Trump stated. "Very rarely do we have a trade deal that works for the United States."

Trump has recently renewed criticism of US trade deals with other nations, most notably Germany. On Tuesday he claimed the United States has a massive trade deficit with Germany, mostly in the automotive sector.

Additionally, Trump has promised to renegotiate the North Atlantic Free Trade Agreement with Canada and Mexico, pulled out of the Trans-Pacific Partnership and suggested imposing high tariffs on a number of imports.

Throughout the presidential campaign, Trump said he would scrap multilateral deals in favor of bilateral trade agreements.

On Wednesday, he and Vietnamese Prime Minister Nguyen Xuan Phuc signed several deals worth $15 billion, mostly involving imports of US equipment to Vietnam.

Newsfeed
0
To participate in the discussion
log in or register
loader
Chats
Заголовок открываемого материала