Trump Explans Why He Flipped On NAFTA: Canadian, Mexican Leaders Called Me To Renegotiate

Zero Hedge – by Tyler Durden

In one of the most striking reversals for President Trump to date, as reported earlier, just hours after the White House said the president is contemplating terminating NAFTA before his 100th day, sending the loonie and peso crashing, Trump reversed his position and as Bloomberg put it, made a “huge U-turn” in his NAFTA stance, allowing the trade agreement to continue after he spoke with the presidents of Mexico and Canada about ways to renegotiate the accord.  

“Both conversations were pleasant and productive. 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,” the White House said in a statement late Wednesday. Needless to say, currency traders were turmoiling, first watching Mexico’s peso and Canada’s dollar plunged then surge after the White House’s Wednesday night announcement.

As Bloomberg added, Trump’s top advisers had been embroiled in a debate over how aggressively to proceed on reshaping U.S. participation in Nafta, with hard-liners favoring a threatened withdrawal as soon as this week and others advocating for a more measured approach to reopening negotiations with Canada and Mexico.

This morning, it appears that Trump has gotten an earful on his latest stark reversal, and as a result the president took to twitter, tweetsplaining the motives behind his move. This is what he said:

“I received calls from the President of Mexico and the Prime Minister of Canada asking to renegotiate NAFTA rather than terminate. I agreed” Trump tweeted, and in a following tweet added “subject to the fact that if we do not reach a fair deal for all, we will then terminate NAFTA.” He concluded: “Relationships are good-deal very possible!”

As a reminder, during his campaign, the president repeatedly bashed the trade agreement as a “disaster for our country.”

10 thoughts on “Trump Explans Why He Flipped On NAFTA: Canadian, Mexican Leaders Called Me To Renegotiate

  1. I’m sure everyone is as shocked! by this as i am (sarc/)
    Wasn’t going to comment trying to make up for next weeks probable lack, going to be a bear of a week, think it’s next week? What day is it? lol!

  2. “I received calls from the President of Mexico and the Prime Minister of Canada asking to renegotiate NAFTA rather than terminate. I agreed”

    Those calls came AFTER the one from Tel Aviv.

  3. Fake News. This has been Trump’s position all along. Here’s an article from Sep 2015 saying he would renegotiate NAFTA. Of course you threaten to terminate it, that’s one way to get them to renegotiate instead. People whined about obomba caving on everything, now we have someone fighting back and they are still whining. Give the guy a chance. He isn’t perfect, I don;t agree with everything he does, but where do you think we would be if clinton won? He’s deporting illegals, something no other candidate would be doing. Yeah lesser of the evils, but that’s reality.

    1. Fake news? Tell me this: Trump said that NAFTA was terrible for we Americans. I take terrible to mean as bad as bad can get. So what are we going to negotiate here that is going to come out to where it is good for all parties involved? What will you settle for, half bad or the illusion thereof?
      In the past twelve years under NAFTA we have paid to have our industrial base moved to Mexico and now that it is all gone I guess as a concession the Great Negotiator could make them stop stealing that which has already been stolen. This is twelve years of raping us under NAFTA.
      All of the wealth stolen from us is going to be returned, right, so that we can start negotiations on even ground? Or are we just going to negotiate to get an eighth of what has been stolen from us back over the next twelve years, leaving us still with a deficit of seven eighths? Kind of like the international banker steals a trillion dollars, is caught, and has to pay a hundred million dollar fine, and that’s a very good deal for us.
      The fact that you can still be duped at this point is an embarrassment to the rest of us as a people. You are the poster child for pitiful.

  4. Mr. Trump dismissed talk about a split inside his White House between aides with a nationalist or globalist orientation. “Hey, I’m a nationalist and a globalist,” he said. “I’m both. And I’m the only one who makes the decision, believe me.”

    Where’s that wall? How about Lock Her Up? What about all Trumps talk about China? How about deporting the Mexicans?
    Thanks for voting for Trump wasntme – It has really helped us all.

  5. Well, at least the Trumpster can afford a new pair of flip-flops for every one he does. You know, those flip-flops made by those child slaves he hires in other countries. Or does he just recycle those that Romney wore?

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