US Agrees to Renegotiate NAFTA with Mexico, Canada Liuxin - Xinhua
go to original April 27, 2017

Despite earlier signal, Trump says he won't leave NAFTA for now (CBS This Morning)

Update: Mexico's President Says Opportunity to Update NAFTA to Benefit All 3 Countries (CNBC)

U.S. President Donald Trump said that his country would not terminate the North American Free Trade Agreement (NAFTA) but would renegotiate it with Mexico and Canada.

"President Trump agreed not to terminate NAFTA at this time, and the leaders agreed to proceed swiftly... to enable the renegotiation of the NAFTA deal to the benefit of all three countries," the White House said in a statement following Trump's calls with the leaders of Mexico and Canada on Wednesday.

"It is my privilege to bring NAFTA up to date through renegotiation. It is an honor to deal with both President Pena Nieto and Prime Minister Trudeau," the statement said.

Earlier, local media reported that the Trump administration is considering an executive order to quit NAFTA.

Trump recently ramped up his criticism of Canada and required a 20 percent tariff on imports of Canadian softwood lumber.

Read the rest at Xinhua

Related: Mexico Is Suddenly a Lot Less Worried About Trump, the ‘Bluffer’ Across the Poker Table (The Star)

Related: Mexico President Agrees with Trump on "Convenience" of Not Ending NAFTA (Reuters)

Related: 'Enormous Progress' in U.S.-Mexico Ties: Mexican Foreign Minister Videgaray (Reuters)

Related: Mexican Peso, Canadian Dollar Stronger After White House Retreats from NAFTA Exit (The Financial Times)

Related: The Farmers Who Helped Elect Trump Say They “Will Never Recover” if He Trashes NAFTA (Quartz)

Related: Republican Senators Warn Trump Against Withdrawing from NAFTA (TIME)

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