U.S. President Donald Trump told the leaders of Canada and Mexico on Wednesday that he will not terminate the NAFTA treaty but will renegotiate it with them, a White House statement said.
The announcement came as White House officials disclosed that Trump and his White House advisers were considering issuing an executive order to withdraw the United States from the trade pact with Canada and Mexico,although the timing of the action is uncertain.
The White House said Trump spoke by telephone with Mexican President Enrique Pena Nieto and Canadian Prime Minister Justin Trudeau and that he would hold back from a speedy termination of NAFTA, in what was described as a "pleasant and productive" conversation.
"President Trump agreed not to terminate NAFTA at this time and the leaders agreed to proceed swiftly, according to their required internal procedures, to enable the renegotiation of the NAFTA deal to the benefit of all three countries," a White House statement said.
Reference: Reuters
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