(CNN) – Republican leaders worried about President Donald Trump’s trade agenda are warning him not to pull out of the North American Free Trade Agreement, saying it could drastically undercut American businesses throughout the country.
In interviews with top Republicans, some are expressing concern about the protectionist views voiced by the new President on the campaign trail and in the very early days of his administration. Many have expressed unease about Trump’s call to instate a stiff border tax on companies that ship jobs overseas and his push to pull out of the Trans Pacific Partnership.
But his plans over NAFTA have prompted growing concern, especially if he takes the extra step to pull out of the 23-year-old agreement, a threat he repeated time and again on the campaign trail.
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Whether Trump listens to those warnings remains to be seen. Trump has the authority to unilaterally pull out of NAFTA, congressional sources say, but it’s uncertain what would happen to the tariffs imposed on imports from Mexico and Canada if the White House were to take such a dramatic step. Trump officials plan to meet later this week with members of the Mexico delegation to discuss the matter.
Republicans are urging Trump to proceed with caution, a sign the issue could prompt a revolt in his party.
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NEWS: GOP leaders, nervous about Trump trade agenda, tell him to stay in NAFTA. https://t.co/4xSi8KnyvR
— Manu Raju (@mkraju) January 23, 2017
.@txbiz not exactly cheering Trump's early moves on TPP and NAFTA. Statement from Chris Wallace, group's president: pic.twitter.com/mlGA1RCp6p
— Patrick Svitek (@PatrickSvitek) January 23, 2017
Trump is an economic ignoramus. A repeat of Smoot-Hawley would be devastating to this country.
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