Following the promise of president Trump to renegotiate NAFTA, the North American Free Trade Association, trade talks have begun on Wednesday. President Trump has called the agreement bad for the USA and wants to get more favourable conditions, even if this might mean stepping out the association. Trade is foundational pillar of Trump’s foreign policy, as he sees the free trade agreements like NAFTA and TTP (Trans-Pacific Partnership) as a threat to USA’s welfare and trade balance. His aim is to renegotiate such trade agreements or to step out if the demands of the USA are not met.

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