Trump agrees to renegotiate NAFTA with Mexico, Canada

US President Donald Trump told the leaders of Mexico and Canada that he would not pull out of the NAFTA treaty for now, but will swiftly begin renegotiating the trilateral deal with them. A White House statement said Trump spoke with both President Enrique Pena Nieto of Mexico and Prime Minister Justin Trudeau of Canada over phone and decided not to terminate North America Free Trade Agreement (NAFTA). 

NAFTA is an agreement signed by Canada, Mexico and the US to create a trilateral



trade bloc in North America.

Trump said he was about to terminate the NAFTA but changed his mind after talking to leaders from Canada and Mexico who urged him to consider renegotiating it.The announcement comes amid reports that the US is planning to withdraw itself from the trilateral trade bloc. During his entire presidential campaign, Trump has been very critical of NAFTA, which came into force in 1994.