"They called me and they said, 'Rather than terminating NAFTA could you please renegotiate?'" Trump recounted. "And I said, 'I will hold on the termination, let's see if we can make it a fair deal'". The relationship is very special. "It is an honor to deal with both President Peña Nieto and Prime Minister Trudeau, and I believe that the end result will make all three countries stronger and better", the White House statement says. He has complained that, among other problems, it has allowed Mexico to lure away USA factories and eliminate American manufacturing jobs. "The whole idea of a trade deal is to build a fence around participants inside and give them an advantage over the outside", Ross added. Mexico's peso and Canada's dollar jumped after the White House's announcement.
"Rather than terminating NAFTA, which would be a pretty big shock to the system, we will renegotiate", Trump told reporters in the Oval Office. "Can not continue like this, believe me". "So there's a conceptual flaw in that, one of many conceptual flaws in NAFTA".