U.S. President Donald Trump is "seriously contemplating" trying to reach separate trade deals with Canada and Mexico instead of reshaping the more than two-decade-old North American Free Trade Agreement with both neighbors, a White House economic adviser said Tuesday.
Trump economic adviser Larry Kudlow told Fox News, "He prefers bilateral negotiations, and he is looking at two much different countries."
The U.S., Canada and Mexico have for months engaged in talks to revise NAFTA, which has been in force since 1994. But Kudlow said separate deals "might be able to happen more rapidly."
However, Kudlow said Trump does not plan to withdraw from the three-nation agreement.
"He is seriously contemplating a shift in the NAFTA negotiations ... [and] he asked me to convey this," Kudlow said. The adviser said Trump "believed bilateral is always better. He hates large treaties."
Trump has long assailed multinational trade deals and within days of assuming power last year, withdrew the U.S. from the Trans-Pacific Partnership with 11 other Pacific rim nations.
Source: VOA news