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    Anthony Scaramucci, a member of President-elect Donald Trump's transition team executive committee, and founder and Co-Managing Partner of investment firm SkyBridge Capital, talks with media at Trump Tower, Thursday, Nov. 17, 2016, in New York

    Trump Not Looking to Rip Up NAFTA Trade Pact - Transition Team

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    Trump transition team’s senior adviser Anthony Scaramucci said that nobody on the Donald Trump team seeks to promote full protectionism, and noted that Trump regularly talks to Mexican president Enrique Pena Nieto.

    U.S. Republican presidential nominee Donald Trump appears at a campaign roundtable event in Manchester, New Hampshire, U.S., October 28, 2016
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    WASHINGTON (Sputnik) — President-elect Donald Trump is not planning to repeal the North America Free Trade Agreement (NAFTA), but to rescale it in a manner that renders the agreement fair, Trump transition team’s senior adviser Anthony Scaramucci stated on Monday.

    "I don’t think we’re looking to rip up NAFTA as much as we are looking to right-size it and make it fairer," Scaramucci said as quoted by the Hill. "He’s got a great relationship, by the way, with the Mexican president."

    Scaramucci pointed out nobody on the Trump team seeks to promote full protectionism, and noted that Trump regularly talks to Mexican president Enrique Pena Nieto.

    "We understand the economic harm and the impact that would take," he added.

    Trump’s criticism of NAFTA during the 2016 presidential campaign centered on US companies moving production facilities to Mexico and then selling their products and services in the United States.

    Trump has threated to impose a 35 percent tariff on imports from relocated factories in Mexico, but he made no mention of Canada, which depends on the US market for more than three-quarters of its exports.

    The Canadian government has already indicated its willingness to discuss renegotiation of NAFTA.

    Related:

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    Mexico Remains Commited to NAFTA, Hopes US to Continue Membership Under Trump
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    NAFTA, Anthony Scaramucci, Mexico, United States
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