Donald Trump Threatens to Terminate NAFTA Talks with Mexico and Canada Alys Key - City A.M.
go to original August 28, 2017

Update: Mexico Peso Tumbles as Trump Renews NAFTA Threats (Reuters)

US President Donald Trump has indicated on Twitter that he is minded to walk away from talks with the leaders of Canada and Mexico concerning the North American Free Trade Agreement (NAFTA).

Calling NAFTA the "worst trade deal ever made", Trump claimed that the other two countries were being "very difficult.

It was not made entirely clear in the tweet whether he meant he was thinking of terminating talks or terminating NAFTA altogether.

Trump was heavily critical of NAFTA during his campaign trail, and his administration has been in talks to renegotiate the agreement since July, with the aim of reducing the US's trade deficit.

NAFTA took effect in 1994, and is an agreement between Canada, the US and Mexico which aims to eliminate barriers to trade and investment between borders.

In the tweet, Trump threatened to terminate discussions. This is not the first time the President has indicated his willingness to walk away, not just from the talks but from the entire agreement. Earlier week he told a rally of supporters that the US will "end up probably terminating" NAFTA.

Read the rest at City A.M.

Related: In NAFTA Negotiations, Mexico Shows Cautious Optimism (America Magazine)

Related: NAFTA Partners Unfazed By Trump’s Withdrawal Threats (Fox Business)

Related: The US Is Raising Warnings About Mexico's Tourist Hotspots, But Some in Mexico See a NAFTA-Related Gambit (Business Insider)

Related: While Trump Bashes NAFTA, It's Americanizing Mexico (The Washington Post)

Related: Trump Receives Flak for Tweeting About Terminating NAFTA While Texas Suffers from Wrath of Hurricane Harvey (Gears of Biz)

Related: Trump’s NAFTA Bluster All About Him, Not Us: Harper (OurWindsor.ca)

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