President Donald Trump announced Thursday that both Mexico and Canada have agreed to renegotiate the North American Free Trade Agreement (NAFTA) just a day after the United States had threatened to pull out.
On Wednesday, a CNN report announced that Trump was considering an executive order to end U.S. participation in NAFTA.
The White House is currently mulling an executive order declaring the US’ intent to withdraw from NAFTA, a move that could trigger a renegotiation of the trade pact rather than outright withdrawal, the officials said.
Just hours later, some republican members of congress asked the president to hold off on scrapping NAFTA and the president agreed to delay the move.
President Trump tweeted Thursday that Mexico and Canada had agreed to renegotiate the trade deal to avert a U.S. pull out.
I received calls from the President of Mexico and the Prime Minister of Canada asking to renegotiate NAFTA rather than terminate. I agreed..
— Donald J. Trump (@realDonaldTrump) April 27, 2017(Article Continues Below Advertisement)
Trump didn’t completely close the door on the United States dropping NAFTA should negotiations fall through.
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…subject to the fact that if we do not reach a fair deal for all, we will then terminate NAFTA. Relationships are good-deal very possible!
— Donald J. Trump (@realDonaldTrump) April 27, 2017