Wilbur Ross: TPP Could Form Starting Point for US on Nafta Talks

Commerce Secretary Wilbur Ross said parts of an Asia-Pacific trade deal rejected by the Trump administration could form the basis of a revamped North American Free Trade Agreement.

“There are some concessions that the Nafta partners made in connection with the proposed TPP,” Ross said in an interview Wednesday with Bloomberg Television, referring to the Trans-Pacific Partnership. “There is no reason to throw those away. We would view those as the starting point.”

Just days after taking office in January, President Donald Trump withdrew from the TPP, a 12-nation trade deal his predecessor Barack Obama supported but that hadn’t been approved by Congress. Other nations in the pact, which also included America’s Nafta partners Canada and Mexico, have expressed interest in trying to salvage the TPP without the U.S.

Trump’s criticism of TPP has been similar to Nafta, which he blames for hurting U.S. workers and hollowing out the manufacturing

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