U.S. President Donald Trump said on Tuesday progress was being made in slow-moving talks to update the NAFTA trade accord between the United States, Canada and Mexico, but he held out the prospect of striking bilateral pacts if a three-way deal could not be reached.
“We’re trying to equalize it. It’s not easy but we’re getting there,” he told a group of U.S. small business executives. “We’ll see whether or not we can make a reasonable NAFTA deal.”
Renegotiating the North American Free Trade Agreement, which Trump called a “disaster” for the United States, was a goal he had set out during his election campaign.