Donald Trump plans to postpone the NAFTA review

The President of the United States, Donald Trump, indicated that he intended to postpone the signing of a revised version of the North American Free Trade Agreement. (NAFTA) after the mid-term elections on November 6, saying that this way seeks to reach a better deal with Mexico and Canada.

In an interview broadcast yesterday, Trump said he could quickly sign an agreement with both neighbors, "but I'm not happy, I want to make it fairer." Asked about the appropriate time to conclude an agreement, Trump said, "I want to wait after the elections."

Trump's decision to postpone NAFTA negotiations occurs while the United States and Canada have seen each other He has been involved in a trade dispute over tariffs that Trump applied for the first time to the steel and aluminum of Canada and other countries. Canada announced retribution tariffs against the United States on Friday worth several billion dollars, but the US president said trade talks could continue.

In the interview of the program "Sunday Morning Futures with Maria Bartiromo", Fox News Channel, Trump again threatened to impose tariffs on imports of cars, trucks and auto parts, saying: "The cars are big." The measure was seen as a possible bargaining tactic for the resumption of NAFTA talks, which could begin after the elections in Mexico.

If the United States applied new tariffs on car imports, it would affect the Canadian economy. because of the critical nature of the auto industry in the country. The US Department of Commerce is expected to hold hearings on auto rates by the end of July and finish its investigation of car imports later this summer.

Trump tried to renegotiate NAFTA to encourage US manufacturers to invest more in the country, displacing production from Mexico, where they pay much lower wages. Negotiations are stalled on several points, such as Trump's insistence on a clause that would end the NAFTA every five years unless the three countries consume it.

The US president said he could look for separate trade pacts with Canada and Mexico instead of continuing with a tripartite agreement, but any modified agreement should be debated in Congress.