Canadian Prime Minister Justin Trudeau and President Donald Trump shake hands during a joint news conference at the White House in Washington, Feb. 13, 2017. WASHINGTON -- Just a week into talks to rewrite the North American Free Trade Agreement, President Donald Trump is already threatening to abandon the 23-year-old pact with Canada and Mexico. At a high-profile campaign-style rally in Phoenix on Tuesday night, Trump predicted that the United States would "end up probably terminating" NAFTA "at some point," though he said he hadn't made a final decision. "Personally," Trump said, "I don't think we can make a deal because we have been so badly taken advantage of." The president had made the same threat in April but then reversed himself after a pushback from American businesses, especially farm groups, which have benefited from expanded access to the Mexican market resulting from NAFTA.
A fourth round of negotiations between the U.S., Mexico and Canada ended in mutual exasperation Tuesday. Talks will continue next month in Mexico City and will spill over into next year. The negotiators had originally hoped to reach an agreement this year -- before Mexico's presidential election and U.S. midterms turn up the political pressure in 2018.