President Trump is thinking about pulling the U.S. out of the North American Free Trade Agreement (NAFTA) and has drafted an executive order in anticipation for moving on it as early as Thursday or Friday, according to a report.
The deal was first created by the Clinton administration in 1994 as a way to ensure no tariffs of goods between the three countries. Trump campaigned on rescinding NAFTA.
Mexico, Canada and the U.S. agreed to a 90-day review process of the agreement, which is set to conclude soon.
The administration’s sudden withdrawal from the deal could make Canada and Mexico more desperate to strike a deal that the U.S. wants. If talks fail, the White House could incidentally remove America from one of the largest trade deals in the world.
Trump pulled the U.S. from the Trans-Pacific Partnership, which former President Barack Obama had created among 12 countries.
