President Donald Trump wants to end three-party renegotiations of the North American Free Trade Agreement (NAFTA) to instead strike deals separately with Canada and Mexico, National Economic Council Director Larry Kudlow said on “Fox & Friends.”
Trump does not intend to withdraw from NAFTA, but after more than one year of multilateral discussions, he feels the current approach hasn’t been fruitful and a new one is needed, Kudlow said.
“His preference now — and he asked me to convey this — is to actually negotiate with Mexico and Canada separately,” Kudlow said. “He prefers bilateral negotiations.”
“When you have to compromise with a whole bunch of countries, you get the worst of the deals,” Kudlow said. “Why not get the best? … Canada is a whole lot different from Mexico.”
You can see Kudlow points on NAFTA in the video below at minute 1:35.