Trump Says Canada and Mexico are Very Difficult on NAFTA Renegotiation

President Donald Trump is accusing Canada and Mexico of being “very difficult” at the negotiating table over the North American Free Trade Agreement, and threatening anew to terminate the deal.

Trump tweeted on Sunday morning that NAFTA is the “worst trade deal ever made.”

Trump said at a rally last week in Phoenix that he would “end up probably terminating” NAFTA “at some point.”


usdcad Canadian dollar graph, August 28, 2017

The U.S., Mexico and Canada began formal negotiations earlier this month to rework the 23-year-old trade pact that Trump blames for hundreds of thousands of lost U.S. factory jobs.



Trump is also taking to Twitter to press the need for his promised southern border wall, tweeting that Mexico will pay for it “through reimbursement/other.” Mexico has repeatedly said there’s no chance of that happening.

Mexico’s foreign relations ministry responded to Trump’s comments Sunday by reiterating that Mexico will never pay for a border wall and that it will not renegotiate NAFTA via social media or the press.

via Mainichi

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza