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Trump Rules Out Swift Nafta Exit

The U.S. will pursue talks with Mexico and Canada, the White House says.

By Jennifer Jacobs and Andrew Mayeda, Bloomberg | Updated on April 27, 2017

President Donald Trump won’t immediately terminate U.S. participation in the North American Free Trade Agreement, the White House said, after he spoke with the leaders of Mexico and Canada about ways to renegotiate the accord.

“Both conversations were pleasant and productive. President Trump agreed not to terminate Nafta at this time and the leaders agreed to proceed swiftly, according to their required internal procedures, to enable the renegotiation of the Nafta deal to the benefit of all three countries,” the White House said in a statement late Wednesday. Mexico’s peso and Canada’s dollar jumped after the White House’s announcement.

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