Trump says terminating NAFTA would yield the 'best deal' in renegotiations

US President Donald Trump said that terminating the North American Free Trade Agreement would result in the "best deal" to revamp the 24-year-old trade pact with Canada and Mexico in favour of US interests.
Lawmakers as well as agricultural and industrial groups have warned Trump not to quit NAFTA, but he said that may be the outcome.
"We're renegotiating NAFTA now. We'll see what happens. I may terminate NAFTA," Trump said in an interview with Reuters.
"A lot of people are going to be unhappy if I terminate NAFTA. A lot of people don't realise how good it would be to terminate NAFTA because the way you're going to make the best deal is to terminate NAFTA. But people would like to see me not do that," he said.
Trump's comments come less than a week before trade negotiators from the United States, Canada and Mexico meet in Montreal for the sixth of seven scheduled rounds of negotiations to update NAFTA.
The talks are viewed as pivotal for the success of the NAFTA renegotiation effort because major differences remain over aggressive US demands on autos, dispute settlement and a five-year sunset clause - proposals that some business groups have labelled "fatal."
Trump discussed...

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