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Trump’s Impatience Emerging as Biggest Threat to Nafta Agreement

  • U.S. president has repeatedly raised possibility of withdrawal
  • Negotiators set to meet in Mexico City to renew talks Friday
Bloomberg business news

Trump Hopes to Renegotiate Nafta, If Not Then End It

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President Donald Trump won’t be in the room when negotiations resume on Friday to revise the North American Free Trade Agreement, but his threats to blow up the talks could figure prominently.

Since the first round of discussions wrapped up Aug. 20, Trump has threatened to withdraw from Nafta four times -- during speeches in Arizona and Missouri, in a Twitter post and at a news conference with the Finnish president. While Mexican officials have dismissed the comments as a scare tactic that could also be aimed at energizing Trump’s anti-trade supporters, the threats are a reminder of the significant leverage that a president holds to scuttle the $1.2 trillion trading area. A party can withdraw with six months’ notice.