Trump renews threat to withdraw US from NAFTA

Trump renews threat to withdraw US from NAFTA

Trump renews threat to withdraw US from NAFTA

The U.S. and Canada failed to come to an agreement on NAFTA Friday. Trump warned Congress not to interfere with negotiations and said if they did so, he would terminate NAFTA entirely.

He told Bloomberg News in an interview published Friday that he would not compromise with Canada and said that he would take a stance "so insulting they're not going to be able to make a deal", according to the Toronto Star.

Trump contends in the Saturday morning tweet that there is "no political necessity" to include Canada in a deal, after the USA and Mexico reached an agreement on Monday. They also announced that they would resume talks on Wednesday after four days of intense negotiations in Washington ended without a final agreement.

He says on Twitter that a deal will go ahead with or without Canada's involvement, and if Congress tries to intervene, he will "terminate NAFTA entirely".

Under NAFTA's withdrawal rules, Trump must give six months' notice to the leaders of Canada and Mexico, the other stakeholders in the current pact, to pull out the U.S. He also must seek the support of Congress to pass such a change.

While the two sides failed to meet a deadline set by the White House, both U.S. and Canadian negotiators insisted that they were making progress.

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Trump tweeted about the comments Friday, saying "At least Canada knows where I stand!"

Foreign Affairs Minister Chrystia Freeland has said she remains optimistic that a deal can be reached. He was involved in tough negotiations for the Canada-U.S.

"Remember, NAFTA was one of the WORST Trade Deals ever made".

"As we've said all week, we're working toward a modernized NAFTA, a modernized NAFTA that will be good for Canada and the middle class", said Cameron Ahmad. Even the Vat Tax was not accounted for. "We will only sign a good deal and we will not negotiate in public".

It's unclear where Canada and the US stand in negotiations and whether NAFTA talks could soon come to a close.

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