Trump says he really wanted to 'terminate' NAFTA, threatens to end U.S.-South Korea trade pact instead


Spurred on by chief strategist Stephen Bannon and trade adviser Peter Navarro, President Trump was eager to announce he's triggering a U.S. exit from the North American Free Trade Agreement (NAFTA) at a rally on Saturday, his 100th day in office, Trump told reporters Thursday night. "I was all set to terminate," he told The Washington Post. "I looked forward to terminating. I was going to do it." He has said publicly that phone calls from Mexican President Enrique Peña Nieto and Canadian Prime Minister Justin Trudeau changed his mind.
"They called me up, they said, 'Could we try negotiating?'" Trump explained. "I said, 'Absolutely, yes.' If we can't come to a satisfactory conclusion, we'll terminate NAFTA." He told The Wall Street Journal that he told Peña Nieto he'd have to "think about it," but after Trudeau called a half an hour later, he decided "they're serious about it and I will negotiate rather than terminate." Trump's senior advisers say the president had already decided not to pull the plug before he spoke with the Canadian and Mexican leaders, dissuaded by Commerce Secretary Wilbur Ross, Agriculture Secretary Sonny Perdue, adviser Jared Kushner, and U.S. Chamber of Commerce members.
Perdue made his case with a map of areas that would be affected by pulling out of NAFTA, many of them "Trump country" agricultural and manufacturing belts. "It shows that I do have a very big farmer base, which is good," Trump told The Washington Post. "They like Trump, but I like them, and I'm going to help them." He still took some persuading, Trump said, recounting that at one point he turned to Kushner and asked, "Was I ready to terminate NAFTA?" Kushner said yes.
The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
With NAFTA safe for now, and Trump eager to reassure his nationalist-minded supporters before the 100 day mark, Trump took aim at another free trade deal Thursday night, calling the U.S.-Korea Free Trade Agreement (Korus) with South Korea "a horrible deal," adding, "We're getting destroyed in Korea." He called the deal, ratified in 2011, "a Hillary Clinton disaster" that "should've never been made," and noted that unlike NAFTA, if he withdraws from the deal, it will terminate immediately, not in six months. "We've told them that we'll either terminate or negotiate," Trump told The Washington Post. Trump also said he wanted to charge Seoul about $1 billion for using the U.S. THAAD missile-defense system, an idea South Korea rejected.
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
Peter has worked as a news and culture writer and editor at The Week since the site's launch in 2008. He covers politics, world affairs, religion and cultural currents. His journalism career began as a copy editor at a financial newswire and has included editorial positions at The New York Times Magazine, Facts on File, and Oregon State University.
-
Nepal chooses toddler as its new ‘living goddess’
Under the Radar Girls between two and four are typically chosen to live inside the temple as the Kumari – until puberty strikes
-
October 5 editorial cartoons
Cartoons Sunday's political cartoons include half-truth hucksters, Capitol lockdown, and more
-
Jaguar Land Rover’s cyber bailout
Talking Point Should the government do more to protect business from the ‘cyber shockwave’?
-
Electronic Arts to go private in record $55B deal
speed read The video game giant is behind ‘The Sims’ and ‘Madden NFL’
-
New York court tosses Trump's $500M fraud fine
Speed Read A divided appeals court threw out a hefty penalty against President Trump for fraudulently inflating his wealth
-
Trump said to seek government stake in Intel
Speed Read The president and Intel CEO Lip-Bu Tan reportedly discussed the proposal at a recent meeting
-
US to take 15% cut of AI chip sales to China
Speed Read Nvidia and AMD will pay the Trump administration 15% of their revenue from selling artificial intelligence chips to China
-
NFL gets ESPN stake in deal with Disney
Speed Read The deal gives the NFL a 10% stake in Disney's ESPN sports empire and gives ESPN ownership of NFL Network
-
Samsung to make Tesla chips in $16.5B deal
Speed Read Tesla has signed a deal to get its next-generation chips from Samsung
-
FCC greenlights $8B Paramount-Skydance merger
Speed Read The Federal Communications Commission will allow Paramount to merge with the Hollywood studio Skydance
-
Tesla reports plummeting profits
Speed Read The company may soon face more problems with the expiration of federal electric vehicle tax credits