U.N. officials are preparing for possible fallout from President Donald Trump’s move to renegotiate North American Free Trade Agreement, a senior U.K. official said Thursday, amid concern that his administration has become a de facto enforcer for a U.J.S.-led trade war that could potentially damage relations between the two countries.
The U.k. is not seeking to block a potential renegotiation of the North American free-trade pact that Trump has called a “disaster for American workers.”
trade envoy, John Crichton, said the U.A.E. has asked the U-S.
and Canada to prepare “to deal with any adverse consequences” from Trump if he moves to renegotiating the deal.
“We are working closely with the U S, Canada, and the U A,” Crichtons chief spokesman said.
“We expect to be able to share the same conclusions that we have reached on this.”
He did not elaborate on what specific actions the US. would take in response to a potential Trump trade war, or what those actions would be.
Trump, who took office in January, said last month that the U.-A.
Es. trade pact has been “the worst trade deal in the history of our country” and that the pact has created “unfair” trade barriers for American companies and workers.
The two countries are still negotiating a new deal to protect U.P. workers, but Trump has said he wants the U to end its support for NAFTA, which the U,A.S., and Mexico signed in 1993.
S lawmakers have been pressing for more than a year for a renegotiation.
The U.G.C.C., a U-K.
parliamentary committee, released a report last month calling for the UJ’s removal from the pact, saying that the agreement was “the greatest failure in the 21st century of international trade.”
The report also noted that the North-South Transatlantic Trade and Investment Partnership, also known as TTIP, is a $500 billion trade agreement that the two nations signed in 2015.
“As a result of the TTIP Agreement, U. S. exports to the United Kingdom have plummeted by more than 30 percent, U Js exports to North American have increased by about a third and U. A.
S exports to other countries have soared by more that 80 percent,” the UG.
G., the parliamentary committee’s report said.
The report said that U.U.-A.-A was a “significant driver of the UK’s economy” and “would have been a huge positive for the UK.”