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Trump wants to speed up NAFTA talks

President Trump wants to "speed" up talks for a new trade deal with Mexico and Canada.

"NAFTA has been a catastrophe for our country; it's been a catastrophe for our workers and our jobs and our companies," Trump said Thursday morning, referring to the trade deal with America's two neighbors.

Trump announced that commerce secretary nominee Wilbur Ross would be his top negotiator on the deal.

"I don't care if it's a renovation of NAFTA or a brand new NAFTA, but we do have to make it fair and it's very unfair for the American worker," said Trump.

His comments come a day after Mexico kicked off the countdown on trade negotiations. President Enrique Peña Nieto announced Wednesday he would start trade negotiations to reform NAFTA in May, after a 90-day consultation period with Mexican businesses.

"At the end of the 90 days, the negotiation will properly open to update our free trade agreement," Peña Nieto said at a press conference in Mexico City.

Read more at CNN Money
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