Trump agrees to renegotiate NAFTA with Canada, Mexico – for nowFox News, Apr 27, 2017
President Trump and the leaders of Mexico and Canada agreed Wednesday to renegotiate the North American Free Trade Agreement (NAFTA), the White House said – though Trump warned Thursday he’d be willing to “terminate” the pact if they can’t strike a “fair deal.”
"It is my privilege to bring NAFTA up to date through renegotiation," Trump said in a statement late Wednesday. "It is an honor to deal with both [Mexican] President [Enrique] Peña Nieto and [Canadian] Prime Minister [Justin] Trudeau, and I believe that the end result will make all three countries stronger and better."
The White House added that Trump "agreed not to terminate NAFTA at this time" and that all three leaders ""agreed to proceed swiftly, according to their required internal procedures, to enable the renegotiation" of the trade deal to "the benefit of all three countries."
But Trump tweeted early Thursday that his cooperation is contingent on a fair deal being reached.
"I received calls from the President of Mexico and the Prime Minister of Canada asking to renegotiate NAFTA rather than terminate. I agreed," he tweeted. "... 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 Mexican government confirmed the conversation in a statement issued late Wednesday.
"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," the statement read.
Trump repeatedly railed against the two-decade-old trade agreement on the campaign trail, describing it repeatedly as a "disaster."
Earlier Wednesday, sources told Fox News that the White House had drafted a notification signaling the United States' intention to withdraw from NAFTA. The document would have given the leaders of Canada and Mexico six months' notice of the administration's intention to exit from the agreement.
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