A modernization of the NAFTA trade deal should protect existing industrial supply chains in North America.
However, a top Mexican regulator says it could seek to source more work for future products from the member states to help create jobs.
According to Reuters, the Trump Administration on Thursday triggered the process to start renegotiating the North American Free Trade Agreement.
NAFTA is comprised of the United States, Canada and Mexico. It was created 23 years ago during the Clinton administration.
According to Reuters, Trump has threatened to can the agreement if he can’t rework it in favor of the United States.
Trump argues it has gutted U.S. manufacturing by outsourcing jobs to Mexico. The deal underpins more than $1 trillion of trilateral trade.
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