United States President Donald Trump has threatened to terminate North American Free Trade Agreement talks with Canada and Mexico, saying that both are "being very difficult" in 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 build 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.
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
