Trump Threatens Endless Nafta Talks After Walk-Back on Autos
- U.S. is said to drop its proposed content requirement to 75%
- President says uncertainty is already hurting Mexico
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Donald Trump says he’s willing to “renegotiate forever” on Nafta, a threat that comes as his trade office again softens its marquee demand for changes to the auto sector.
The president, speaking Thursday at the White House, said renegotiation of the North American Free Trade Agreement with Canada and Mexico is progressing well but there isn’t a timeline for reaching a deal -- in part because the uncertainty of talks is already discouraging investment outside the U.S. “As long as we have this negotiation going, nobody’s going to build billion-dollar plants in Mexico,” Trump said.