"President Donald Trump disagreed with executives of major oil and gas companies Thursday about the importance of keeping binding dispute settlement procedures in a renegotiated North American Free Trade Agreement, according to a person familiar with the discussion.
Trump told roughly a dozen of the oil and gas industry leaders at a White House meeting that he understood -- but did not share -- their view that those Nafta provisions are essential to give companies confidence to invest in Mexico and Canada, said the person, who asked not to be identified describing the closed-door session.
That position puts the president in league with American Trade Representative Robert Lighthizer, who has signaled he doesn’t support continuing to subject the U.S. to the investor-state dispute settlement provisions in Nafta that empower businesses to challenge other countries for discrimination."
Jennifer A Dlouhy reports for Bloomberg March 15, 2018.
SEE ALSO:
"Oil Group To Lobby President After Stay At Trump Hotel" (Politico)
"Oil CEO to Trump: Tariffs Will Help OPEC, Hurt U.S. Jobs" (CNN)
"Oil and Gas Leaders Warn Trump He Risks Harming Their Industry"
Source: Bloomberg, 03/16/2018
