Donald Trump has said whether he plans to renew the US-Mexico-Canada trade deal. He further emphasized the disadvantages of trading with these countries. His response comes a few days after Canada and Mexico separately urged the US to extend the trade deal for another 16 years.
Donald Trump gives a clear answer on the US trade deal with Mexico and Canada
Donald Trump recently addressed reporters to answer whether he intends to extend the US-Mexico-Canada trade deal. He said that he doesn’t look forward to the renewal of the USCMA. The president claimed that the US doesn’t need to buy any goods from either of these countries. But he added that the same can’t be said of them. He clearly stated that if they want to get goods from the US, they need to start treating them better.
Trump cited the rationale for his plans to non-renew. He explained, “You know, with Mexico and Canada, we have trade deficits. We should have surpluses with them. We don’t need their cars. We don’t need their lumber. We don’t need their energy. We don’t need anything that they have.” Trump revealed that he doesn’t think that he will renew the deal while continuing to boast about the US being “better.”
This comes a few days after Canada requested that the trade deal be renewed, emphasizing its benefits to all three countries. Canada-US trade minister Dominic LeBlanc said in the notice that they are ready to assess any proposal that falls under the best interests of everyone. He said, “[They’re] willing to consider any proposal that can be beneficial to all three nations’ long-term prosperity.”
Moreover, he also cited, “In parallel, discussions with the United States on addressing sectoral tariffs will be essential.” Economy Minister Marcelo Ebrard also formally asked to extend the treaty for an additional 16 years (via the BBC).
Originally reported by Shazmeen Navrange for Mandatory.
