Trump says 'we'll see' on NAFTA talks

Cheryl Sanders
October 12, 2017

Trudeau joined Trump in the Oval Office at the start of a new round of talks over the North American Free Trade Agreement, which the U.S. president has threatened to withdraw from if he can't negotiate a better agreement with Canada and Mexico.

"So saying, I think it's been clear that circumstances are often challenging, and we have to be ready for anything - and we are".

"What President Trump said is that we want to redefine and renegotiate Nafta in a free and fair trade deal", Perdue told reporters after swearing in the department's new undersecretary for trade. "We'll see if we can do the kind of changes that we need". "In the meantime, we'll make a deal with one, but I think we have a chance to do something very creative that's good for Canada, Mexico and the United States".

But the USA president also said it's too early to give up on the negotiations, which resumed Wednesday in nearby Alexandria, Va.

"In terms of trade, the U.S. sells more to Canada than it does to China, Japan and the United Kingdom combined".

Trump told Forbes, in an interview published Tuesday, he thinks Nafta will have to be terminated-as signals mount the putting potentially deal-breaking proposals on the table and as the top US business group sounds the alarm.

"The possibility exists that we could leave the negotiating table because our partners are asking for things that Mexico can't deliver", its president, Juan Pablo Castanon, said earlier this month.

He said the 23-year-old accord is facing an "existential threat" because of the Trump administration's hardline stance. But repeating the "ready for anything" sentiment multiple times suggests a conscious decision to acknowledge that the outcome of the talks may not go Canada's way.

"We're taking this very seriously and we're taking the importance of standing up for Canadian jobs and Canadian economic growth very seriously, and that goes (for) every economic engagement we have with the Americans". He said he considered it a "great accomplishment" to pull out of the Trans-Pacific Partnership trade pact, which included the three Nafta countries, and that he favors bilateral pacts.

Trump is welcoming Trudeau to the Oval Office at the start of a new round of talks over NAFTA.

The committee chair, Republican Kevin Brady, called the countries, "great allies", and said, "when North America wins, America wins". U.S. Trade Representative Robert Lighthizer, Freeland and Mexican Economy Minister Ildefonso Guajardo are now expected to meet on October 17 to wrap up the latest round, according to officials familiar with plans who spoke on condition of anonymity.

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