I received calls from the President of Mexico and the Prime Minister of Canada asking to renegotiate NAFTA rather than terminate. I agreed..— Donald J. Trump (@realDonaldTrump) April 27, 2017
UPDATE 7:22 a.m. EST: Trump weighed in on his NAFTA plans early Thursday.
...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!— Donald J. Trump (@realDonaldTrump) April 27, 2017
He threatened that if a "fair" deal was not reached, "we will then terminate NAFTA."
UPDATE April 27, 5:50 a.m. EST:
President Trump told the leaders of Canada and Mexico on Wednesday the U.S. would not be leaving the North American Free Trade Agreement "at this time," The Washington Post reports.
The administration is expected to start the process of renegotiating NAFTA.
ORIGINAL STORY: President Trump's administration is considering writing an executive order that would pull the U.S. out of the North American Free Trade Agreement, Politico reported Wednesday.
A draft executive order has been submitted for review and could be unveiled as early as this week, officials told Politico. Trump repeatedly promised to renegotiate NAFTA on the campaign trail, but lately has said the "very, very bad" trade deal, which he once called the "single worst trade deal ever" could be scrapped entirely.
The U.S. has a 60 billion dollar trade deficit with Mexico. It has been a one-sided deal from the beginning of NAFTA with massive numbers...— Donald J. Trump (@realDonaldTrump) January 26, 2017
Trump has called NAFTA "one-sided."
Peter Navarro, head of Trump's National Trade Council, reportedly drafted the order with close cooperation from chief strategist Steve Bannon.
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