President Trump Considering NAFTA ‘Breakup’
US President Donald Trump may seek separate talks with Canada and Mexico in a bid to get individual trade deals with the 2 countries, aka Breaking up NAFTA
“He is very seriously contemplating kind of a shift in the NAFTA negotiations. His preference now, and he asked me to convey this, is to actually negotiate with Mexico and Canada separately,” Larry Kudlow said in a TV interview Tuesday.
“He may be moving quickly toward these bi-lateral discussions instead of as a whole.”
The United States, Canada and Mexico have been in months of negotiations to rework the North American Free Trade Agreement, which Trump has long criticized as having harmed the United States economically.
Friday, President Trump said he might prefer to end NAFTA in favor of separate bi-lateral agreements with the US neighbors.
Mr. Kudlow said the US President was moving toward that scenario.
“He prefers bi-lateral negotiations and he’s looking at 2 much different countries,” he said. “Canada’s a different country than Mexico. They have different problems.
Such a move toward separate talks would come at a tense time in US trade relations with the two countries.
The Trump Administration said last Thursday it was moving ahead with tariffs on aluminum and steel imports from Canada, Mexico and the EU, ending a 2-month exemption and setting the stage for a possible trade war.