- Canadian officials believe President Donald Trump is going to pull the Us out of the North American Free Trade Agreement.
- The officials told Reuters that the announcement will come by the end of January.
- Trump has long criticised NAFTA as the “worst trade deal in the history of the country.”
Canada is increasingly convinced that U.S. President Donald Trump will soon announce that the United States intends to pull out of the North American Free Trade Agreement (NAFTA), two government sources said on Wednesday.
The sources said they expected Trump would make his move at about the same time that negotiators from the United States, Canada and Mexico meet in late January for the sixth and penultimate round of talks to modernise the treaty.
Trump criticised the NAFTA agreement repeatedly during the presidential campaign, calling it the “worst trade deal in the history of the country.”
The three countries in the deal kicked off negotiations to update the deal back in August. Trumps’ Trade Representative, Robert Lighthizer, said that deal needed to be updated in order to ensure it was keeping up with the rapidly changing digital economy. NAFTA was negotiated by Presidents George H.W. Bush and Bill Clinton and was implemented in 1994.
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