White House– U.S. President Donal Trump raised on Wednesday, October 11, that he might scrap the North American Free Trade Agreement (NAFTA) as he thinks of pursuing a bilateral trade agreement with Canada in his meeting with Canada’s Prime Minister, Justin Trudeau, reports said.
Trump publicly acknowledge this possibility while posing a photo with Trudeau in the Oval Office on Wednesday last week.
Trump affirmed to a question by the media asking if he could imagine a bilateral deal with Canada insted of the current agreement which is a tripartite including Mexico.
“It’s possible we won’t be able to reach a deal with one or the other. But in the meantime, we’ll be able to make a deal with one. But I think we have a chance to do something very creative that’s good for Canada, Mexico and the United States,” said Trump.
In an article by Forbes magazine last week, Trump told that he likes “bilateral deals” making it unclear how serious the U.S. President is in considering the possibility of scrapping the NAFTA.
Canada’s Trudeau said he remains optimistic about the NAFTA renegotiations, but that Canada has to be ready for anything citing that the “American Administration and the president makes decisions that surprise people from time to time,” and this is something that Canada is “very braced for and conscious of.”
Former Prime Minister Stephen Harper told an audience in a separate event in Washington, Wednesday last week, that he has advised companies to prepare for the possibility that NAFTA will not be able to survive. On the other hand, former U.S. Speaker, Newt Ginngrich, who was alongside with Harper in the event, is optimistic that NAFTA will remain and thinks that in the end, a reformed NAFTA will be the outcome of the whole issue and not the end of NAFTA itself.