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One Week Into Negotiations, Trump Says He’ll ‘Probably’ Cancel NAFTA

Posted August 23, 2017

Under Economic Issues, International Trade Issues

(Alexander Panetta – Canadian Press)

Donald Trump has threatened to blow up NAFTA less than one week into the renegotiation of the trade agreement, providing an early indication that the upcoming talks might occur under a cloud of menace.

The president’s threat itself is no surprise. A common topic of hallway chatter at last week’s first round of talks last week was just when he might deploy that withdrawal threat, which many view as his principal source of negotiating leverage.

The only surprise is how quickly it came.

“Personally, I don’t think we can make a deal,” Trump told a campaign-style rally in Arizona late Tuesday night. “Because we have been so badly taken advantage of. They have made such great deals – both of the countries, but in particular Mexico – that I don’t think we can make a deal.”

“So I think we’ll end up probably terminating NAFTA at some point.” Click here to read more.