"Let me think about it", Trump said. However, the president added that "if I'm not able to renegotiate NAFTA, I will terminate NAFTA". Trade among the three countries is much more robust and supply chains more tightly integrated than was the case in 1994 when NAFTA went into effect.
"I think a lot of other people are exhausted of watching other people ripping off the United States", Trump said to Larry King back in 1987. It was a reversal that came just hours after his aides said he was getting close to signing an executive order to pull out of the free trade deal.
But the action under consideration could signal heightened prospects that one of the world's biggest trading blocs could unravel in an economically damaging dispute. He called it an honour to deal with both Pena Nieto and Trudeau, and said the end result will make all three countries stronger and better.
Trudeau, according to the source, reiterated to Trump that Canada was open to a discussion about how NAFTA could be improved.
The latest puzzler broke out Wednesday over the prospect that the Trump administration would simply abandon the North American Free Trade Agreement rather than start to renegotiate it.
But a study by Ball State University in 2015 found that improvements in technology were mostly to blame, instead of trade with Mexico and China. The Mexican government says it can't conclude a NAFTA deal after the first quarter of next year, with an election in 15 months and the populist left on the move there.
Secondly, those products also mean jobs in the Lone Star State as 382,000 jobs in Texas depend on trade with Mexico. Back in August, a number of Texas GOP members defended the trade agreement in statements to the Texas Tribune. Mexican exports to the USA increased sevenfold between 1993 and 2016, but less than threefold to Canada.
Lawmaker knocks United Airlines
If airlines don't make changes, it will prompt congressional action and "I can assure you, you will not like the outcome". Some members could push legislation to prohibit overbooking situations or the removal of passengers from boarded flights.
"We had a good conversation last night". The US trade deficit in goods and services a year ago with Mexico was $62 billion, but with Canada the US had a surplus of $8 billion.
"I was glad to see the president saying that he believes we can get a great deal".
NAFTA is an agreement signed by Canada, Mexico and the United States to create a trilateral trade bloc in North America.
He has long accused Mexico of destroying United States jobs. In the early 90s, the United States used to enjoy a tiny trade surplus with its southern neighbor but by 2016 that had transformed into a deficit totaling $63 billion.
The administration appeared divided Wednesday over how and when to proceed, as officials balanced a newfound cautiousness with the desire to rack up accomplishments before Trump's 100th day on the job. Trump, long silent about trade with Canada, has ratcheted up tensions over the last 10 days, lambasting Canadian dairy and lumber policies and claiming Canada has generally taken advantage of the USA on trade.
Canada's dairy sector is protected by tariffs on imports and controls on domestic production as a way to support prices for the country's farmers.
Then again, the administration has just slapped tariffs on Canadian softwood timber imports and launched investigations into whether steel and aluminum imports jeopardize US national security.
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