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Monday, January 23, 2017

President Trump promises 'fair trade'; says trade policy 'not free'

Making good on one of his campaign promises, President Trump vowed to make changes to NAFTA, also known as the North American Free Trade Agreement.

Meeting with business leaders from Ford, Tesla, Dell and others at the White House Monday morning, Trump stated he will impose legislation that will charge tariffs (taxes) on companies that ship their products to the U.S.

President Trump meets with business leaders at the White House. Photo/Chicago Tribune.
"We're the only ones that make it free to come into the country", he said.

Trump said countries like China make it difficult to ship products to their country, but do not pay to ship their products to the U.S.

"We want fair trade", Trump said.

NAFTA was enacted under former president George H.W. Bush in 1992 and signed into legislation by Bill Clinton in 1994.

The president also wants to impose sanctions on U.S. companies who manufacture overseas as he vows to 'bring jobs back to America'.

Ford CEO, Mark Fields said the meeting was "positive for CEOs and American manufacturing."

Trump also signed today an executive order to withdraw the U.S. from the Trans-Pacific Partnership (TPP) enacted under President Obama.

In the afternoon, the president is also expected to meet with Union Leaders and American workers.



Pool report indicates the president met with the following business leaders and CEOs:

Mr. Michael S. Dell, Dell Technologies

Mr. Jeff M. Fettig, Whirlpool

Mr. Mark Fields, Ford Motor Company

Mr. Alex Gorsky, Johnson & Johnson

Ms. Marillyn A. Hewson, Lockheed Martin

Mr. Klaus Kleinfeld, Arconic

Mr. Andrew N. Liveris, Dow Chemical

Mr. Mario Longhi, U.S. Steel

Mr. Elon R. Musk, SpaceX

Mr. Kevin Plank, Under Armour

Mr. Mark S. Sutton, International Paper

Mr. Wendell P. Weeks, Corning

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