Trump signs order to expand ocean oil drilling

President Donald Trump blames NAFTA for the loss of millions of US industrial jobs mostly to MexicoMore

President Donald Trump blames NAFTA for the loss of millions of US industrial jobs mostly to MexicoMore

It was unclear whether the order would be enacted by President Donald Trump, who has vowed to pull out from NAFTA - a U.S., Mexico and Canada trade pact - if he can not win better terms for America.

The White House is considering a draft executive order to withdraw the United States from the North American Free Trade Agreement, a senior Trump administration official said on Wednesday.

Then, all of the sudden, the populist faction within the West Wing appeared suddenly ascendant: on Wednesday, numerous news outlets reported that the White House was preparing an executive order with the intention of pulling out of the deal.

Hurd supports Trump's plan to renegotiate the trade agreement. "I will", Mr Trump said.

President Donald Trump decided against terminating the NAFTA treaty after the leaders of Mexico and Canada called him and asked him to work on a new trade between the three countries.

"We're going to make some very big changes, or we're going to get rid of NAFTA once and for all", he said during a speech in Kenosha, Wisconsin, earlier this month.

Trump railed against the decades-old trade deal during his campaign, describing it as a "disaster".

As an intense stocktaking is underway in the USA on the first 100 days of Mr. Trump's presidency, his promise with regard to NAFTA has been in sharp focus.

Mr Trump's top advisers had been embroiled in a debate over how aggressively to proceed on reshaping USA participation in Nafta, with hard-liners favouring a threatened withdrawal as soon as this week and others advocating for a more measured approach to reopening negotiations with Canada and Mexico. "They called me up, they said, 'Could we try negotiating?' I said, 'Absolutely, yes.' If we can't come to a satisfactory conclusion, we'll terminate NAFTA".

Spicer said there are also "some areas that fall outside the scope of NAFTA as it was negotiated at the beginning that I think we want to look at it".

Canada sends 75 percent of its exports to the United States.

"I expect the administration to closely consult with Congress before such major trade-policy decisions are made", said Sen.

On Feb. 13, Trump stood beside Trudeau in the White House's East Room and said he meant to make only small changes to NAFTA that focus on U.S.

The first questions from reporters in the room revolved around President Donald Trump's phone calls with country leaders and subsequent tweets about NAFTA, the trade agreement between the U.S., Canada, and Mexico.

"He can do the same thing with his NAFTA order that he can do with his wall", Vela said, alluding to a previous missive to Trump encouraging the future president to "take your border wall and shove it up your ass".

The U.S. Congress has yet to authorize negotiations and there might be less than a year to get a deal before the Mexican presidential election.

Although initially, Trump had directed his anti-NAFTA attacks primarily at Mexico, this week the administration announced the implementation of tariffs on Canadian lumber imports. He said the 1990s trade agreement has "been very good" for both Canada and Mexico but "horrible" for the United States.

The Mexican and Canadian currencies maintained their rebound early on Thursday after Trump's latest comments.

The move may have increased the pressure on Canada and Mexico.

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