FIRST AIRED: April 27, 2017

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Transcript

00:00:02
>> US President Donald Trump saying he will stick with the North American Free Trade Agreement for now. The statement coming after administration officials told Reuters the White House had considered an executive order unilaterally withdrawing from NAFTA. A source saying the subjects divided Trump's advisors. On Thursday, Trump offered this explanation.
00:00:19
>> The president of Mexico, who I have a very, very good relationship, called me. And also the Prime Minister of Canada, who I have a very good relationship, and I like both of these gentlemen very much, they called me. And they said rather than terminating NAFTA, could you please renegotiate?
00:00:37
And so I decided rather than terminating NAFTA, which would be a pretty big shock to the system, we will renegotiate.>> The 23-year-old trade pact is blamed for moving US factory jobs to Mexico, and bringing low-cost Canadian raw materials into the US. It's also provided cheaper products for American consumers and opened new markets for American business.
00:00:59
Trump repeatedly attacked the deal as a candidate and since taking office.>> We've lost more than one-fourth of our manufacturing jobs since NAFTA was approved. And we're gonna make some very big changes, or we are going to get rid of NAFTA, for once and for all. It's a disaster, it's a trading disaster.
00:01:20
>> Trump had promised to renegotiate the free trade deal in his first 100 days in office. That deadline is Saturday Canada has said it's happy to begin talks at any times. Mexico's Foreign Minister, this week, saying his country will end talks if the deal isn't fair for Mexico.
00:01:35
It's unclear when negotiations on NAFTA might begin.