White House tells Congress it will renegotiate NAFTA

The White House formally told Congress in a letter Thursday that it intends to open talks with Canada and Mexico to renegotiate the North American Free Trade Agreement. The talks will begin in 90 days.

“The United States seeks to support higher-paying jobs in the United States and to grown the U.S. economy by improving U.S. opportunities under NAFTA,” the letter said. “In particular we note that NAFTA was negotiated 25 years ago, and while our economy and businessses have changed considerably over that period, NAFTA has not. Many chapters are outdated and do not reflect modern standards.”