According to Chad Bown of the Peterson Institute for International Economics, the Trump administration's list "is very consistent with the president's stance on liking trade barriers, liking protectionism. This makes NAFTA in many respects less of a free-trade agreement." The concerns expressed by the US Trade Representative over subsidized state-owned enterprises and currency manipulation are not thought to apply to Canada and Mexico, but rather to be designed to send a message to countries beyond North America. Jeffrey Schott of the Peterson Institute for International Economics noted that it would not be possible to conclude renegotiations quickly while also addressing all the concerns on the list. He also said that it would be difficult to do anything about trade deficits.