Pres. Trump Asserts 'No Political Necessity' To Keep Canada In New NAFTA

What is the 'new Nafta' and why was the old one controversial?

Following a week of North American Free Trade Agreement (NAFTA) negotiations that yielded few tangible results, U.S.

- Donald J. Trump (@realDonaldTrump).Remember, NAFTA was one of the WORST Trade Deals ever made. Canadians are stunned by the repeated broadsides from what had always been their closest ally and some have even begun boycotts.

Trump has repeatedly cited NAFTA's auto sector regulations and the Canadian government's supply management system for dairy as two elements of trade between the two countries which negatively affect the U.S.

Canada can sign on until Congress ratifies the deal, which will likely be at the end of November. "If we don't make a fair deal for the USA after decades of abuse, Canada will be out".

Mr. Trump's Saturday warning comes a day after US and Canadian negotiators failed to reach an agreement on Friday, a deadline he set, to revamp the trade deal that includes Mexico. The president also suggested he might leave Canada out of the new agreement - which would be called the "United States-Mexico Trade Agreement".

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It's unclear where Canada and the US stand in negotiations and whether NAFTA talks could soon come to a close.

Trump has railed against the publication of his comments in tweets and public statements, though he did not appear to dispute the substance of his remarks. "At least Canada knows where I stand!"

"We are looking for a good deal, not just any deal", Canadian Foreign Affairs Minister Chrystia Freeland told reporters earlier this week. We were far better off before NAFTA - should never have been signed.

Trudeau on Friday did not say if Trump's comments would impact negotiations between the US and Canada, which will resume next week, but said his country would pursue a path that was a "win-win-win on all sides".

US goods and services trade with Canada totaled an estimated $544.9 billion in 2016, with a trade surplus of $11.2 billion.

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