Trump wouldnt mind seeing NAFTA replaced

first_imgU.S. President Donald Trump says he wouldn’t mind seeing the North American Free Trade Agreement replaced by two separate, bilateral trade deals with Canada and Mexico.Trump told reporters of America’s neighbours: “these are two very different countries.”He said NAFTA has been “a very lousy deal” for the U.S. and added, “they’re our allies but they take advantage of us economically.”The U.S., Canada and Mexico have been holding talks to renegotiate the deal.Trump spoke to reporters after a lengthy meeting with a top aide to North Korea’s Kim Jong Un to discuss an on-again nuclear summit later this month.Larry Kudlow, director of the National Economic Council, also said Friday that he remains optimistic about the outcome of negotiations with Canada, Europe and Mexico in spite of recent escalations. Trump this week announced a 25 per cent tariff on imported steel and a 10 per cent tariff on imported aluminum from Canada, Mexico and the European Union.Countries around the world are already fighting back, announcing retaliatory countermeasures and warning that the U.S. plan will hurt U.S. consumers.Canada retaliated for the tariffs Thursday with $16.6 billion worth of “countermeasures” that hit a range of products from flat-rolled steel to playing cards, while Mexico also plans tariffs on a variety of U.S. products, including flat steel.last_img

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