NAFTA renegotiations-Trump-tw possible things

Added On June 11, 2018

According to U.S. President Donald Trump, renegotiations on the North American Free Trade Agreement (NAFTA) could lead to a new trilateral trade deal with substantial changes or two separate trade agreements.
Trump made the remarks at a press conference at the Group of Seven (G7) summit in Quebec,Canada.
"So two things can happen on NAFTA. We'll either leave it the way it is, as a threesome deal with Canada and with the United States and Mexico, and change it very substantially -- we're talking about very big changes.Or we're going to make a deal directly with Canada and directly with Mexico.  Both of those things could happen.”
"So we are either going to have NAFTA in a better negotiated form or we're going to have two deals."
Trump has also warned that it would be "very bad" for Canada and Mexico if the trio could not come to a consensus.
Trump added that NAFTA negotiators were "pretty close" to agreeing on some kind of sunset provision, which could allow the trade agreement to be renegotiated every five years.
Talks on renegotiating NAFTA began in August 2017 as Trump threatened to withdraw from the 23-year-old trade deal.
The trio remain divided over the rules of origin for automobiles and other issues following months-long negotiations.