27 August 2018 07:46 PM
Direct US President Donald Trump said he would end the free trade agreement for North America "NAFTA" , and will sign a new deal with Mexico.
Trump told a news conference with his Mexican counterpart Enrique Pena Nieto on Monday to reach a new deal with Mexico on the North American Free Trade Agreement (NAFTA), saying he would cancel NAFTA's name because of his unpopularity.
"We will call it the US-Mexico Trade Agreement," Trump said. "NAFTA has a bad connotation because Washington has been badly damaged by this deal for many years."
He praised the new agreement as "a great day for trade".
For his part, the Mexican president said he was "very optimistic" that Canada would soon be included in the new agreement, while Trump commented: "We will see."
Trump said he would speak with Canadian Prime Minister Justin Trudeau in a short time and hoped to start negotiations with him immediately.
The agreement between the United States and Mexico is the biggest development in talks that began a year ago, punctuated by repeated Trump threats to withdraw altogether.