Thursday, April 27, 2017

Trump backtracks: U.S. will not withdraw from NAFTA


President Trump reversed course late Wednesday and said he had agreed to renegotiate rather than withdraw from the North American Free Trade Agreement with Mexico and Canada, a surprise announcement that came just hours after reports said he was considering an executive order to pull out of the trade pact and as his administration faces questions about what he has achieved in his first 100 days in office.

“It is my privilege to bring NAFTA up to date through renegotiation. It is an honor to deal with both President Peña Nieto and Prime Minister Trudeau, and I believe that the end result will make all three countries stronger and better," Trump said in a statement about his calls with the Mexican and Canadian leaders.

Early Thursday Trump added to that by appearing to claim the diplomatic upper-hand. In a tweet, the president said he "received calls from the President of Mexico and the Prime Minister of Canada asking to renegotiate NAFTA rather than terminate. I agreed ... 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!"


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