CTA, NRF Withhold Endorsing US-Mexico Trade Deal, Pending Further Details
CTA and the National Retail Federation praised Monday’s announcement of a preliminary bilateral trade deal between the U.S. and Mexico (see 1808280010) as an encouraging first step, stopping short of endorsement pending details. “A deal that encourages free trade between…
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our countries certainly is welcome,” said Michael Petricone, CTA senior vice president-government and regulatory affairs. If President Donald Trump “really wants a better deal” than the North American Free Trade Agreement, any pact “must support our country's technology leadership,” said Petricone. “We look forward to learning more about the details." NRF thinks “coming to terms with Mexico is an encouraging sign, but threatening to pull out of the existing agreement is not,” said CEO Matthew Shay. “NAFTA supports millions of U.S. jobs and provides hardworking American families access to more products at lower prices. To preserve these benefits and protect complex, sophisticated and efficient supply chains, the administration must bring Canada, an essential trading partner, back to the bargaining table and deliver a trilateral deal.”