NAFTA: Trump Says U.S. Will Renegotiate, Not Withdraw (for Now)

Trump is in talks with Mexico and Canada

   

President Donald Trump says that the United States will renegotiate the North American Free Trade Agreement (NAFTA), not withdraw from it.

NAFTA: Trump Says U.S. Will Renegotiate, Not Withdraw (for Now) President Trump posted a couple of Tweets from his personal Twitter Inc (NYSE:TWTR) account on Thursday about the news. They read as follows.

“I received calls from the President of Mexico and the Prime Minister of Canada asking to renegotiate NAFTA rather than terminate. I agreed subject to the fact that if we do not reach a fair deal for all, we will then terminate NAFTA. Relationships are good-deal very possible!”

The announcement on Twitter comes after an official statement from Trump and the White House on Wednesday. The White House confirmed to reporters that Trump was in talks with the President of Mexico and the Prime Minister of Canada concerning NAFTA.

President Trump says that he is planning to “bring NAFTA up-to-date through renegotiation”. He also says that he believes a deal can be reached that make all three countries that are a part of the agreement “stronger and better”.

President Trump’s decision to keep the United States in NAFTA comes after reports that he was planning to pull out of it. Earlier on Wednesday, there were claims that the President of the United States was making plans to leave the agreement and would likely sign off on them soon, reports The New York Times.

President Trump has made it clear that he doesn’t like the current version of NAFTA. He even once called it the “worst trade deal” that the United States has ever signed.

The opinions contained in this column are solely those of the writer.
 
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