10 things you need to know today: April 27, 2017

Trump vows to renegotiate NAFTA instead of scrapping it, Trump proposes big tax cuts, and more

Donald Trump speaks at the Department of the Interior
(Image credit: Mike Theiler-Pool/Getty Images)

1. Trump says he will renegotiate NAFTA, not scrap it

President Trump told Mexican President Enrique Peña Nieto and Canadian Prime Minister Justin Trudeau on Wednesday that the U.S. has no plan to withdraw from the North American Free Trade Agreement, or NAFTA, "at this time," but he will renegotiate it. The White House said that Trump had agreed not to pull out of the trade deal and his counterparts in Mexico and Canada "agreed to proceed swiftly, according to their required internal procedures, to enable the renegotiation of the NAFTA deal to the benefit of all three countries." The conversations came after reports that the White House was in the late stages of writing an order to terminate the 1994 trade deal, which allows for the free flow of goods and services between the U.S., Canada, and Mexico without tariffs. Trump vowed during his campaign that he would renegotiate the trade deal, calling it a "job killer" that was "very, very bad for our country."

Subscribe to The Week

Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.


Sign up for The Week's Free Newsletters

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

Sign up
To continue reading this article...
Continue reading this article and get limited website access each month.
Get unlimited website access, exclusive newsletters plus much more.
Cancel or pause at any time.
Already a subscriber to The Week?
Not sure which email you used for your subscription? Contact us
Harold Maass, The Week US

Harold Maass is a contributing editor at The Week. He has been writing for The Week since the 2001 debut of the U.S. print edition and served as editor of TheWeek.com when it launched in 2008. Harold started his career as a newspaper reporter in South Florida and Haiti. He has previously worked for a variety of news outlets, including The Miami Herald, ABC News and Fox News, and for several years wrote a daily roundup of financial news for The Week and Yahoo Finance.