WASHINGTON (AP) – President Donald Trump said he intends to terminate the North American Free Trade Agreement and call its replacement “the United States-Mexico Trade Agreement” – a name that would exclude the third NAFTA partner, Canada.
Trump made the comments in the Oval Office Monday morning, after announcing an “understanding” with Mexico that could lead to an overhaul of the 24-year-old trade pact, which Trump has called a job-killing “disaster.”
Details of the U.S.-Mexico agreement were expected to be unveiled later today.
The president said he will be calling Canadian Prime Minister Justin Trudeau. Trump said, “If they’d like to negotiate fairly, we’ll do that.”
He also threatened to tax Canadian auto imports to increase the pressure on Canada’s government.
Trump says: “We could have a separate deal (with Canada) or we could put it into this deal.”
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