After speaking with Mexican and Canadian leaders Wednesday afternoon, President Donald Trump said that he will not be immediately ending the North American Free Trade Agreement.
“President Trump agreed not to terminate NAFTA at this time, and the leaders agreed to proceed swiftly, according to their require internal procedures, to enable the renegotiation of the NAFTA deal to the benefit of all three countries,” the White House said in a statement.
President Trump said in order to make all three countries stronger, the NAFTA deal would need to be brought up to date.
Trump used his favorite form of social media, Twitter, and said he agreed to renegotiate instead of terminate ” subject to the fact that if we do not reach a fair deal for all, we will then terminate NAFTA.” This reports comes the day after reports stated that the President was expected to be signing an executive order that would formerly withdraw the United States from NAFTA. The past few weeks the President has turned his attention to what he calls unfair trade deals with Canada after Canada changed its policy on importing US dairy products, and what some come call retaliation, Trump imposed tariffs on Canadian lumber.