US President Donald Trump could decide next year to withdraw from the United States-Mexico-Canada trade agreement (USMCA), Politico reported on Thursday, citing US Trade Representative Jamieson Greer.
“The president’s view is he only wants deals that are a good deal. The reason why we built a review period into USMCA was in case we needed to revise it, review it or exit it,” Greer told Politico’s White House bureau chief Dasha Burns in a podcast episode that will be broadcast on Friday.
Greer also raised the idea of negotiating separately with Canada and Mexico and dividing the agreement into two parts in the podcast, adding that he spoke to Trump about that possibility just this week.
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“Trade with China needs to be balanced, and probably needs to be smaller. We want to have stability in our relationship with China,” Greer said.
“US trade deficit in goods with China is down about 25 per cent and that’s the right direction.
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“We want to make sure that Canada and Mexico aren’t used as an export hub for China, Vietnam and Indonesia, among others.”