The White House said late Wednesday that Trump has decided not to kill NAFTA, the free trade deal with Mexico and Canada, for the time being. We'll have more on Trump's tax plan after headlines with James Henry of the Tax Justice Network.
Trump puts great stock in the relationships he's building with his foreign counterparts, and has spoken extensively in recent weeks about the "chemistry" he says he built with Chinese President Xi Jinping after their talks earlier this month at Trump's private estate in Florida.
During his election campaign Trump threatened to renegotiate NAFTA and in the past week complained bitterly about Canadian trade practices.
Then-Republican presidential nominee Donald Trump walks with Mexican President Enrique Pena Nieto at the end of their joint statement at Los Pinos, the presidential official residence, in Mexico City, Wednesday, August 31, 2016. It's a view shared by some within the Canadian government - that Trump wants to flex some muscle entering the negotiations, and the threat to pull out is his strongest lever.
The administration has told Democrats it will continue paying controversial ObamaCare insurer subsidies, allaying fears that a fight over the issue could result in a government shutdown.
Trudeau, according to the source, reiterated to Trump that Canada was open to a discussion about how NAFTA could be improved.
By affirming his intention to reopen the agreement with Trudeau and Peña Nieto, Trump is able to fulfill a 100-day pledge to "announce my intention to renegotiate NAFTA".
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As for what parts of the trade agreement should be renegotiated, White House spokesman Sean Spicer said, "Part of this is to look at not just the existing agreement, but areas and sectors and industries that have fallen outside, or because over the last couple decades have not kept up with the promises and commitments that were made". The law Congress passed to enact the trade pact might remain in place, forcing Trump to wrangle with lawmakers and raising questions about the president's authority to raise tariffs on Mexican and Canadian imports.
The U.S. president started by noting the two leaders called him.
Still, about 14 million US jobs depend on trade with Mexico and Canada, according to the US Chamber of Commerce.
"I respect their countries very much".
Details about the draft executive order on NAFTA were not immediately available.
Trump called U.S. District Judge William Orrick's preliminary injunction against his order stripping money from sanctuary cities "ridiculous" on Twitter.