In comments made at the White House with Justin Trudeau, prime minister of Canada, ahead of the start of fourth round of talks, Trump warned it was "possible" that the United States would drop out of the 1994 deal.
Visiting Washington on Wednesday, Canadian Prime Minister Justin Trudeau told reporters that he thinks "it is very important and very possible to get a win-win-win" from the NAFTA talks.
The Canadian PM, while addressing a gathering at the Fortune Most Powerful Women Summit recently, with the U.S. president's daughter Ivanka in the crowd listening to him, said his approach towards reaching out to Trump remains the same like any other global leader.
Trump even said that the North American Free Trade Agreement (NAFTA) can be scrapped to make the bilateral deal, leaving out Mexico. "We have a tough negotiation, and it's something you will know in the not too distant future".
The renegotiation of the NAFTA, including the fourth round began Wednesday in Virginia, were on all lips during the day.
The Prime Minister reiterated Canada's commitment to modernize the North American Free Trade Agreement (NAFTA) for the benefit of all three partners - Canada, the USA, and Mexico.
U.S. President Donald Trump said on Wednesday he would be open to bilateral trade pacts with Mexico or Canada if a deal can not be reached to substantially revise NAFTA. "Are they going to be patient and work through these things?"
Tens of thousands of homes and apartments were destroyed and will have to be rebuilt following the September 19 magnitude 7.1 quake, which killed 369 people, and an earlier, even more powerful one that struck in southern Mexico on September 7 with a magnitude of 8.1. "We need to talk about labor costs and how wages are much cheaper in Mexico".
The president reiterated that "I've been opposed to NAFTA for a long time in terms of the fairness of NAFTA".
"We're negotiating a NAFTA deal". We're going to do well. "But it has to be fair to both countries". It is unclear whether the combined diplomatic power of Harper, Ambrose and Mulroney can turn the tide, but it is heartwarming to see them willing to give it a try. Debbie Dingell and Dan Kildee, both D-Mich., and both with auto and part plants, though not as many as once loomed there.
The Canadian prime minister, making his second visit to the White House this year, was also expected to raise the Trump administration's recent decision to hit Canadian manufacturer Bombardier with punishing tariffs on its C Series airliner. Switching to French, he added "this was not an easy conversation but an important conversation". This week, his government revealed it would investigate buying surplus fighter jets from Australia rather than complete a contract to buy new fighters from Boeing. "Two countries that are interwoven in our economies and our cultures and our peoples", Trudeau said.
If Britain did join NAFTA, manufacturers wanting to export to the European Union and North America would have to produce goods in accordance with the two separate sets of rules, according to trade analysts. "Canada will continue to work with the U.S.to modernize NAFTA so that people in Canada, the United States, and Mexico can benefit from good, well-paying jobs and increased opportunities to provide for their families".
Meanwhile, a veteran Mexican diplomat has expressed fears about the possibility that NAFTA could be ditched in favour of bilateral agreements, an issue raised by Trump as well. "Now we're renegotiating it". But in the meantime we'll be able to make a deal with one.
New trade deals might be negotiated - eventually.