Trump pledges to speed up NAFTA renegotiation

"It would seem to me he wants to build upon what works for America in NAFTA, improve what doesn't, and bring forward really the 21st century issues that just haven't been addressed in that area", Brady said. "You're the folks that can do it", Trump said, acknowledging the senators seated at the table inside the Roosevelt room of the White House.

Trump announced that Commerce Secretary Wilbur Ross will represent the U.S.in renegotiating NAFTA.

"It is very unfair to the American worker and very, very unfair to companies who do business in this country", he said.

"I want to change it and maybe we do it, and maybe we do a new NAFTA and we add an extra "f" in NAFTA. for free and fair trade. because it's very unfair". You know what the F is for, right?

With threats of trade and immigration wars with Mexico looming ever closer, food producers and shippers in the US are working hard to speed up exports to Mexico and find alternative markets for their goods.

"The consultation process is indispensible to achieve a modernization of NAFTA that meets national interests", it said.

"This consultation in Mexico begins simultaneously with the similar process that the USA government will carry out internally for its own purposes", the ministry said in a statement.

"I want to change it and maybe we do a new NAFTA".

Trump also reportedly had a very tense phone call with Australia's prime minister over a refugee agreement.

The U.S. exports about 50 percent of its wheat, and Mexico accounts for one of the largest individual markets, $650 million in the 2015-2016 marketing year, according to the USDA. "He will be fair to other countries", he said.

"NAFTA is logically the first thing for us to deal with", Ross said, according to Reuters.

The EU and Mexico are due to hold two additional negotiating rounds this summer, as part of an accelerated schedule for an updated and reformed Free Trade Agreement.

As president Trump looks set to slap a 20 per cent duty on imports from its neighbour to pay for the controversial wall along their border, the European Union has announced it will "accelerate" trade talks with Mexico.

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