Speed Reads

On second thought...

Trump hints he might reconsider tariffs if new NAFTA agreement is reached

President Trump appeared to suggest Monday morning that Mexico and Canada could be exempt from his steel and aluminum tariffs if a "new & fair NAFTA agreement is signed."

The tweets came before a meeting between U.S. Trade Representative Robert Lighthizer, Canada's Foreign Minister Chrystia Freeland, and Mexican Economy Minister Ildefonso Guajardo, Reuters reports. "Canada must treat our farmers much better," Trump tweeted, adding that Mexico "must do much more on stopping drugs from pouring into the U.S."

The president has previously called the 23-year-old North American Free Trade Agreement the "single worst trade deal ever approved in this country." Talking Points Memo notes that "it's not clear whether a new NAFTA agreement would prompt Trump to nix tariffs on Mexico and Canada, or on all foreign countries."