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Around the World, Automakers Urge Donald Trump to Keep NAFTA

(David Shepardson – Reuters)

Global automakers on Monday urged the Trump administration not to terminate the North American Free Trade Agreement and expressed hope the United States,Canada and Mexico can successfully conclude a modernized and improved trade pact.

Fiat Chrysler Automobiles NV (FCA) Chief Executive Sergio Marchionne, who announced last week plans to shift heavy pickup truck production from Mexico to Michigan by 2020, said he hoped the Trump administration would “retune” some of its trade talk demands.

Trump has threatened to withdraw from NAFTA, which is heavily utilized by automakers that have production and supply chains spread across the three countries. Click here to read more.