Tag Archives: NAFTA – North America Free Trade Area

Trump announces US-Mexico trade deal, setting stage for NAFTA overhaul

Trump announces US-Mexico trade deal, setting stage for Nafta overhaul

President Donald Trump

President hails deal ‘incredible for both parties’ and says negotiations with Canada will start ‘relatively soon’

Donald Trump has said he will strike a new trade deal with Mexico while ripping up the North American Free Trade Agreement (Nafta) and threatening a trade war with Canada.

“I’ll be terminating the existing deal and going into this deal,” the US president told reporters in the Oval Office on Monday. “We’ll be starting negotiating with Canada relatively soon. They want to negotiate very badly.”

He added: “One way or the other, we have a deal with Canada. It’ll either be a tariff on cars or it will be a negotiated deal. Frankly, a tariff on cars is a much easier way to go but perhaps the other would be much better for Canada.”

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