President Trump is shifting his focus to one of his biggest campaign promises, renegotiating the North American Free Trade Agreement (NAFTA).
On Wednesday, Trump released a statement saying “It is my privilege to bring NAFTA up to date through renegotiation. It is an honor to deal with both Mexican President Peña Nieto and Canadian Prime Minister Justin Tradeau, and I believe that the end result will make all three countries stronger and better.”
The White House followed up Trump’s comments by saying he “agreed not to terminate NAFTA at this time.”
However, Trump took to twitter early Thursday morning.
The tweet read, “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!”
It appears Trump is actually willing to terminate NAFTA, but that will depend on if negotiations head south.
The Mexican government seemed hopeful that NAFTA would stay intact. Government officials from the country said, “ The leaders agreed on the convenience of maintaining the North American Free Trade Agreement and working together with Canada to carry out a successful renegotiation for the benefit of all three countries.”
Trump has made his dissatisfaction with NAFTA known in the past. Last week in an interview with The Associate Press, Trump said, “I am very upset with NAFTA. I think NAFTA has been a catastrophic trade deal for the United States, trading agreement for the United States. It hurts us with Canada, and it hurts us with Mexico.”
Just a few days ago, Trump issued a harsh lumber tax against Canadian firms importing lumber into the United States. It seems Trump is determined to come away with a deal that will benefit the American people the most.