United States President Donald Trump has threatened to terminate NAFTA (North American Free Trade Agreement) talks with Canada and Mexico, saying that both are “being very difficult” in the renegotiation of NAFTA.
“We are in the NAFTA (worst trade deal ever made) renegotiation process with Mexico & Canada. Both being very difficult, may have to terminate?” Trump said in a tweet.
Trump had recently emphasised that the NAFTA talks with Canada and Mexico would not achieve a successful end.
“I think we’ll probably end up terminating the NAFTA at some point. We have been so badly taken advantage of,” he said.
“Personally, I don’t think you can make a deal,” he added, noting that if a mutual agreement to reform the North American Free Trade Agreement cannot be met, the United States will plan to withdraw.
Earlier this month, representatives from the U.S, Canada and Mexico began renegotiation talks over NAFTA.
NAFTA is an agreement signed by Canada, Mexico, and the United States, which came into force on January 1, 1994.
In another tweet, Trump also reaffirmed his commitment to building the Mexico Wall, saying that the U.S. must build the wall.
“With Mexico being one of the highest crime Nations in the world, we must have THE WALL. Mexico will pay for it through reimbursement/other,” he tweeted.
Putting up a wall along the US-Mexico border was part of Trump’s campaign agendas, following which he issued an executive order in January for the beginning of construction.
Earlier, Trump had assured that the cost of building the ‘wall’ on the southern border with Mexico will come down when he gets involved with its design and negotiations.
He had also expressed his confidence that Mexico will ‘eventually’ pay for the border wall.
Trump had said in January that he will seek to pay for the wall by imposing a 20 percent tax on imports from Mexico and as part of a larger comprehensive tax reform plan.
However, Mexico has adamantly rejected the notion that they would fund the border wall.