FIRST AIRED: August 17, 2017

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00:00:01
>> This agreement has failed.>> The US laying down a tough line Wednesday at the outset of negotiations to revamp the North American Free Trade Agreement with Mexico and Canada, one of President Donald Trump's signature campaign promises.>> We feel that NAFTA has fundamentally failed many, many Americans.
00:00:22
>> US Trade Representative Robert Lighthizer kicking off the talks in Washington, demanding major changes and saying Trump wasn't interested in simply tweaking the deal struck by President Bill Clinton more than 20 years ago.>> We will never, ever sign bad trade deals.>> Trump blames NAFTA for shuttering American factories and sending jobs flowing to Mexico.
00:00:46
He's pledged to reinvigorate US manufacturing, at times threatening stiff tariffs on goods from Mexico. But critics worry the tough stand and his insistence on building a border wall could wind up hurting US farmers and others who depend on exports to America's southern neighbor. Mexico and Canada arguing the agreement is due for a tune up, not an overhaul.
00:01:10
>> Mexico believes that NAFTA has been a strong success for all parties. We also agree that there is room for modernization.>> Leaders in sectors such as autos warning Trump that any move to disrupt the complex network of manufacturing suppliers built around NAFTA could wind up costing American jobs rather than bringing them back.
00:01:31
Talks beginning this week are expected to run through the end of the year or into early 2018.