Corporate America had to go into full 'all hands on deck' mode to save NAFTA from Trump

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May 1, 2017 8:53 PM

In about 24 hours, Mexico, Canada, corporate America and members of Trump's own administration saved NAFTA.

U.S. President Donald Trump speaks on the phone with Prime Minister of Australia Malcolm Turnbull in the Oval Office of the White House, Saturday, Jan. 28, 2017 in Washington.

The Wall Street Journal has the 24-hour blow by blow of how — at what seemed like the last minute — the Trump administration decided not to scrap the North American Free Trade Agreement (NAFTA).

Scrapping or dramatically renegotiating the decades-old trade agreement between the US, Canada, and Mexico was one of Trump's big campaign promises. And, as the WSJ reports, in Trump's desperation to fulfill promises before his administration's 100-day mark, he felt like taking dramatic action and exiting the trade deal.

That's when foreign leaders, members of his own administration, and U.S. executives jumped into action. On heels of reports that Trump would sign an executive order written by the most nationalist elements of his administration — namely Steve Bannon and Peter Navarro — Trump received back to back calls from the Prime Minister of Canada and President of Mexico.

Then came the full court press from home. Agricultural Secretary Sonny Purdue and Commerce Secretary Wilbur Ross reportedly took out a map and showed Trump which states would be negatively impacted if he left NAFTA.

Then came the flood of calls from C-suites around the country. One big business group head told his members to "

More and more, it seems Trump and his top advisers seem to be contradicting each other left and right. On Monday, for example, Trump said he may break up big banks. At the same time, Treasury Secretary Steve Mnuchin took credit for bank deregulation.

The NAFTA situation seemed to have a similar quality.

From WSJ's , and :

Obviously that's not the message Trump has been sending. The question is who wins out in terms of policy, and whether or not the market has the patience for this kind of flip flopping uncertainty.

For more details on this story, head to WSJ>

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