Trump's Nafta ideas are 'lose-lose-lose' for carmakers: giant supplier

New York

THE chief executive of North America's biggest car supplier warned that overly complex North American Free Trade Agreement (Nafta) changes could result in a situation that leaves US, Mexican and Canadian manufacturers vulnerable.

If North American car companies "don't have a functional Nafta - if it becomes too complicated, too bureaucratic, too costly that you can't get low-cost, high-labour products into this region - then all of a sudden we have damaged the whole Nafta region", said Magna International chief executive officer Don Walker. "It's going to be a lose-lose-lose."