Report: Trump said he won’t budge with Canada on NAFTA

WASHINGTON — President Trump has said privately that he won’t make compromises with Canada in high-stakes talks to revamp the North American Free Trade Agreement.

Trump’s remarks raised doubts about whether the two countries can quickly reach a deal to keep Canada in the 24-year-old trading bloc, along with the United States and Mexico.

The Toronto Star obtained the president’s comments from an interview that he gave to Bloomberg News on Thursday.

Trump wanted the comments to remain private. Otherwise, the president reportedly said in the interview, “it’s going to be so insulting they’re not going to be able to make a deal.”

Trump’s comments, and the dim picture they drew of the U.S.Canada negotiations, appeared to dishearten Wall Street, where traders sent stock prices falling in the wake of the report.

Yesterday afternoon, Trump took to Twitter and appeared to confirm the Star’s report:

“Wow, I made OFF THE RECORD COMMENTS to Bloomberg concerning Canada, and this powerful understanding was BLATANTLY VIOLATED. Oh well, just more dishonest reporting. I am used to it. At least Canada knows where I stand!”

The flurry of events followed a preliminary agreement that the United States and Mexico reached Monday to replace NAFTA with an arrangement that is intended, among other things, to shift more auto manufacturing to the United States. Canada was pointedly not part of that deal.

Its top trade envoy, Foreign Affairs Minister Chrystia Freeland, rushed to Washington on Tuesday to try to negotiate Canada’s way back into a new version of the 24-year-old NAFTA.

The U.S.-Canadian talks have been ongoing since then.

After sounding optimistic Thursday, Freeland appeared gloomier yesterday. “We are looking for a good deal, not just any deal,” she told reporters, “and we will only agree to a deal that is a good deal for Canada. We are not there yet.”