Trump's tough trade stance gets mixed reviews among business leaders in Minnesota
January 24, 2017
WASHINGTON – The new era of trade restrictions signaled by President Donald Trump's withdrawal from the Trans-Pacific Partnership (TPP) and the renegotiation of the North American Free Trade Agreement (NAFTA) will not be good news for some of Minnesota's major corporate players and industries, but comes as relief to others.
The pivot away from current international free trade deals blew up arrangements with three of Minnesota's four top foreign trading partners — Canada, Mexico and Japan. TPP included a dozen Pacific Rim countries and was expected to help some of the state's major corporate residents and sectors, including agriculture, medical technology and retail.