Trump wants new NAFTA deal to cut trade deficit with Mexico

Published: Monday, July 17, 2017 @ 5:17 PM
Updated: Monday, July 17, 2017 @ 5:18 PM

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 that spilled from the East Room to the South Lawn.

Shortly after Trump's remarks, the U.S. trade representative released an 18-page report about its goals for updating the decades-old North American Free Trade Agreement 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, as well as amending the rules of origin so that more of the products traded come from the United States and North America.

Facing an investigation into his campaign's ties with Russia and a tax and health care agenda struggling to make headway as quickly as promised, Trump is turning his focus to trade this week. Administration officials are to meet Wednesday with economic officials from China, a nation the president has accused of dumping steel on the global market to hurt U.S. steelmakers. The White House emphasis on trade follows a string of other recent theme weeks on energy, job-training and infrastructure that mostly failed to draw much attention away from the Russia inquiry.

The president took his time checking out products from all over the country: Trump donned a cowboy hat from Texas. He swung a baseball bat from Louisiana. And he even climbed into the cab of a Wisconsin-built fire truck and pretended to be a firefighter, saying, "Where's the fire? Where's the fire? Put it out fast!"

The new NAFTA objectives, a requirement to begin talks on updating the agreement in the next 30 days, contain the first specifics for a Trump administration that has made bold promises on trade. Trump has pledged to recover factory jobs and boost wages by crafting new trade deals. Supporters note that NAFTA enabled companies to charge cheaper prices for products that range from cars to vacuum cleaners, helping many U.S. consumers.

The president said he only seeks a level playing field for U.S. companies and workers, but "if the playing field was slanted a little bit toward us, I would accept that, also."

But the president has a conflicted relationship with global trade. His namesake clothing business depended on the work of low-wage workers living overseas, as does the fashion line of his daughter and White House aide, Ivanka Trump.

As of now, Ivanka Trump's firm continues to have its products made overseas. Her lawyer, Jamie Gorelick, said in a statement Monday that the president's daughter "has resigned from the company, does not control its operations, and has been advised that she cannot ask the government to act in an issue involving the brand in any way, constraining her ability to intervene personally."

Trump has blasted trade deficits as hampering the economy by sending money abroad. But the trade deficit has actually improved from $762 billion in 2006 to $505 billion last year, a change brought about largely because U.S. consumers cut back spending during the Great Recession. His administration already is pursuing multiple trade cases on individual products and is weighing whether to impose tariffs and quotas on foreign steel in hopes of curbing production in China, even though that country represents a fraction of U.S. steel imports.

The Mexican government said in a statement that the administration's NAFTA objectives will give greater clarity to the negotiations.

Chrystia Freeland, Canada's minister of foreign affairs, said, "NAFTA supports millions of middle class jobs" across North America and Canada welcomes the opportunity to add "progressive, free and fair approaches" to the pact.

Despite the report, it's still not clear exactly how Trump will renegotiate NAFTA to reduce the trade deficit, said Phil Levy, a senior fellow for the Chicago Council on Global Affairs and a business professor at Northwestern University.

"There's no detail," Levy said. "There's nothing in there where you could say, this is how we get rid of the trade deficit."

When NAFTA went into effect in 1994, the United States ran a small trade surplus in goods with Mexico and a slight deficit with Canada. But the size of the deficits steadily began to increase afterward.

By last year, the United States ran a $64 billion trade deficit with Mexico and a nearly $11 billion gap with Canada. Neither trade deficit is near its peak level. The trade deficit with Canada hit a high in 2008, while the trade gap with Mexico nearly reached $75 billion in 2007.

Trump physical results: 6 things to know

Published: Tuesday, January 16, 2018 @ 5:16 PM

WASHINGTON, DC - JANUARY 16:  U.S. President Donald Trump speaks as he stops by a Conversations with the Women of America panel at the South Court Auditorium of Eisenhower Executive Office Building January 18, 2018 in Washington, DC. The three-part panel features ÒAmerican women from various backgrounds and experiences who will speak with high-level women within the Trump Administration, about what has been accomplished to date to advance women at home, and in the workplace.Ó  (Photo by Alex Wong/Getty Images)
Alex Wong/Getty Images
WASHINGTON, DC - JANUARY 16: U.S. President Donald Trump speaks as he stops by a Conversations with the Women of America panel at the South Court Auditorium of Eisenhower Executive Office Building January 18, 2018 in Washington, DC. The three-part panel features ÒAmerican women from various backgrounds and experiences who will speak with high-level women within the Trump Administration, about what has been accomplished to date to advance women at home, and in the workplace.Ó (Photo by Alex Wong/Getty Images)(Alex Wong/Getty Images)

President Donald Trump is in excellent health and likely to finish his term in office without any medical issues, a presidential doctor said Tuesday at a news conference, four days after the president underwent a physical exam.

>> Read more trending news

“The president's overall health is excellent," White House physician Dr. Ronny Jackson said Tuesday.

Here are six things to know about the results of the president’s physical:

Jackson: ‘He had great findings across the board’

Trump is in “very, very good health,” Jackson said Tuesday. 

“(I have) no concerns for his heart health,” the presidential physician said. “There are many good things that came from his exam, I think he had great findings across the board. “

>> White House physician releases official report

Jackson said Trump’s good health is likely to last through “the remainder of this tern, and even for the remainder of another term, if he’s elected.” He said he based his assessment on the president’s cardiac results.

“He falls into a category that portends years of event-free living,” Jackson said. “He has incredibly good genes, and that’s just the way God made him.”

Cognitive screening showed no issues

Jackson said he conducted a cognitive screening on Trump at the president’s request, although he felt the test was unnecessary.

“I’ve spent almost every day in the president’s presence,” said Jackson, whose office is near Trump’s. “I’ve got to know him pretty well and I had absolutely no concerns about his cognitive ability or neurological functions.”

He said that in all his conversations with Trump, the president has been “very articulate.”

“I’ve never known him to repeat himself around me,” Jackson said. “He says what he wants to say and speaks his mind.”

Infamous slurred speech incident might have been caused by medication

A December incident in which the president sounded as though he was slurring his speech while announcing a policy shift in Israel was probably due to a medication, Jackson said.

>> Related: Trump’s slurred speech: Is it loose-fitting dentures, dry mouth or something else?

“We evaluated him, we checked everything out and everything was normal,” Jackson said, adding that the incident was likely caused because the president needed water.

He said prior to the Dec. 7 incident, he gave Trump Sudafed, which might have “inadvertently dried up his secretions.”

Why Did President Trump Slur His Words in a Recent Speech?

Trump working to lose 10-15 pounds

At 6-foot-3 and 239 pounds, the president has a body mass index of 29.9, just under the number that would designate him as obese, according to information released Tuesday.

“The president, he and I talked and... I think a reasonable goal over the next year or so is (to lose) 10 or 15 pounds,” Jackson said, adding that a nutritionist would be meeting with White House chefs in the coming weeks and that Trump would be put on an exercise routine.

“He’s more enthusiastic about the diet,” Jackson said.

Jackson not concerned about Trump’s stress levels

Despite concerns from the public and reports that have painted a chaotic White House, Jackson said that he has no concerns about the president’s stress levels.

“I talk to him sometimes about stress just because I think it’s my job as his physician to bring it up on occasion,” he said. “I’ve never seen the president stressed out too much. ... He has a unique ability to push the reset button and he just gets up and he starts a new day. (I think it’s) made him healthier from a stress standpoint.”

Jackson did not test Trump’s hearing

Jackson said he didn’t have enough time to test Trump’s hearing, although he planned to conduct such a test in future physicals.

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Robert Mueller subpoenas Steve Bannon in Russia probe

Published: Tuesday, January 16, 2018 @ 11:57 AM

Who is Steven Bannon

Special counsel Robert Mueller has subpoenaed President Donald Trump’s former chief strategist, Steve Bannon, to testify before a grand jury as part of the ongoing investigation into Russian meddling in the 2016 presidential election and its possible ties to the Trump campaign, The New York Times reported Tuesday.

>> Read more trending news

>> Related: Steve Bannon to testify before House Intel Committee in Russia probe

Steve Bannon to testify before House Intel Committee in Russia probe

Published: Friday, January 12, 2018 @ 11:19 AM

Who is Steven Bannon

Steve Bannon, President Donald Trump’s former chief strategist, will testify before the House Intelligence Committee next week in its probe of alleged Russian meddling in the 2016 presidential election, according to multiple reports.

>> Read more trending news

An unidentified source told Reuters on Thursday that the interview will take place Tuesday behind closed doors. It will focus on Bannon’s time as Trump’s campaign chief and not on his time in the White House, according to Reuters.

In preparation for the interview, Bannon hired Washington attorney Bill Burck to represent him, NBC News reported Friday. Burck was previously hired to represent former White House Chief of Staff Reince Priebus and White House counsel Donald McGhan in special counsel Robert Mueller’s investigation of Russian interference in the 2016 election and its possible ties to the Trump campaign, according to Law360.

Burck is representing Bannon only before the committee and not in Mueller’s probe, NBC News reported.

Trump named Bannon, the former chairman of the conservative news website Breitbart News, as his campaign chief in August 2016. After his inauguration, Trump appointed Bannon to fill the newly created position of White House chief strategist.

He left the Trump administration in August 2017, almost exactly one year after joining Trump’s presidential campaign.

>> Related: Steve Bannon out as White House strategist

Days before his exit, Bannon faced scrutiny for an interview he did with the liberal magazine The American Prospect, contradicting the president's warnings to North Korea of "fire and fury" in response to threats. Tension between the pair intensified last week after Bannon was quoted in journalist Michael Wolff’s controversial tell-all book “Fire and Fury: Inside the Trump White House.”

>> Related: 10 stunning claims about Trump White House from 'Fire and Fury'

Bannon told Wolff he thought a meeting set up by the president’s son, Donald Trump Jr., with Russian lawyer Natalia Veselnitskaya and others in June 2016 was “treasonous” and “unpatriotic.” Trump slammed Bannon in a statement after the comments were made public, saying, “When he was fired, he not only lost his job, he lost his mind.”

Bannon later apologized for the comments.

>> Related: Report: Bannon apologizes for comments about Trump family in new book

Bannon announced Tuesday that he would be leaving Breitbart News for the second time in two years.

>> Related: Report: Steve Bannon stepping down as executive chairman at Breitbart News

"You have not heard the last from me," he wrote in a Twitter post announcing his departure.

Federal judge temporarily blocks Trump administration's plan to end DACA

Published: Wednesday, January 10, 2018 @ 5:55 AM

Trump Denies Making Deal on DACA with Democrats

A federal judge in California dealt a blow to the Trump administration’s attempt to end Deferred Action for Childhood Arrivals – also known as DACA – on Tuesday by temporarily blocking their ability to do so.

In his ruling, Judge William Alsup said DACA must stay in place until litigation over the program is complete. He also said that the Department of Homeland Security’s “decision to rescind DACA was based on a flawed legal premise.”

The judge’s ruling will allow recipients who didn’t renew by last year’s deadline to submit renewal applications, but no new applications will be allowed to be submitted.

>> Read more trending news 

“Dreamers’ lives were thrown into chaos when the Trump administration tried to terminate the DACA program without obeying the law,” said California Attorney General Xavier Becerra, according to The Hill. “Today’s ruling is a huge step in the right direction.”

“America is and has been home to Dreamers who courageously came forward, applied for DACA and did everything the federal government asked of them,” Becerra continued. “They followed DACA’s rules, they succeeded in school, at work and in business, and they have contributed in building a better America. We will fight at every turn for their rights and opportunities so they may continue to contribute to America.”

The Trump administration announced in September that it was ending the program; however, earlier on Tuesday, during a meeting with Republicans and Democrats to discuss immigration issues, Trump appeared willing to negotiate a pathway to citizenship for millions of undocumented immigrants – a move that stunned both Democrats and Republicans.

“My head is spinning with all the things that were said by the president and others in that room in the course of an hour and a half,” Sen. Richard Durbin, D-Ill., said, according to The New York Times.

During the meeting, Trump also appeared to support Democratic Sen. Diane Feinstein’s call for a clean DACA bill, which would push off dealing with issues like border security until later.

In a tweet Tuesday evening, though, he did seem to harden his resolve on the border wall, saying that a southern border wall must be part of any “DACA approval.”