Washington/Mexico City — US President Donald Trump on Monday appeared to suggest that Canada and Mexico could win exemptions to his planned sweeping tariffs on steel and aluminium if the two countries sign a new North American Free Trade Agreement (Nafta) deal and take other steps. He made the comments as the US, Canada and Mexico were wrapping up their latest round of talks on revamping the 1994 Nafta deal, and as US and world shares dipped again, partly on concerns that Trump’s tariff plan could spark a global trade war. "We have large trade deficits with Mexico and Canada. Nafta, which is under renegotiation right now, has been a bad deal for USA. Massive relocation of companies & jobs. Tariffs on Steel and Aluminum will only come off if new & fair Nafta agreement is signed," Trump tweeted. A representative for the White House did not immediately respond to a request for comment on the president’s statement. Trump has touted the planned tariffs, which he announced last Thursday, ...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now