Trump: Tariffs will ‘come off’ if Mexico, Canada sign ‘new & fair’ NAFTA deal

President Trump said Monday that tariffs he announced on steel and aluminum imports will “come off” Mexico and Canada if there is “a new & fair” North American Free Trade Agreement (NAFTA).

“We have large trade deficits with Mexico and Canada. NAFTA, which is under renegotiation right now, has been a bad deal for U.S.A.,” Trump wrote on Twitter.

“Massive relocation of companies & jobs. Tariffs on Steel and Aluminum will only come off if new & fair NAFTA agreement is signed.”  

We have large trade deficits with Mexico and Canada. NAFTA, which is under renegotiation right now, has been a bad deal for U.S.A. Massive relocation of companies & jobs. Tariffs on Steel and Aluminum will only come off if new & fair NAFTA agreement is signed. Also, Canada must..

— Donald J. Trump (@realDonaldTrump) March 5, 2018

Trump last week announced a plan to impose a 25 percent tariff on steel imports and a 10 percent tariff on aluminum, a move that shook both Washington, D.C., and the global markets.

{mosads}The president, who railed against trade deals like NAFTA during his campaign in 2016, also slammed Canada on Monday for how the country treats “our farmers” and said Mexico allows drugs to continue “pouring into the U.S.”

“Also, Canada must treat our farmers much better. Highly restrictive,” Trump said. “Mexico must do much more on stopping drugs from pouring into the U.S. They have not done what needs to be done. Millions of people addicted and dying.”

…treat our farmers much better. Highly restrictive. Mexico must do much more on stopping drugs from pouring into the U.S. They have not done what needs to be done. Millions of people addicted and dying.

— Donald J. Trump (@realDonaldTrump) March 5, 2018