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Associated Press
Associated Press
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President Donald Trump says he doesn't want to renew the U.S. trade pact with Canada and Mexico.
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The U.S. president told reporters that he's "not looking to renew" the United States-Mexico-Canada Agreement, a trade deal that, without a commitment by July 1, would face annual reviews of its status and possibly expire in 2036.
READ MORE: Carney says Canada will match U.S. tariff exemptions under USMCA trade pact
"I'm not looking to renew it," Trump said, even though he originally negotiated the pact to replace an earlier trade deal for North America.
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Trump said that the earlier agreement was worse than the USMCA. Still, he was displeased with the results.
WATCH: Trump claims U.S. is taking 'millions of barrels' of oil out of Strait of Hormuz, calls inflation data 'great'
"You know, with Mexico and Canada, we have trade deficits," Trump said. "We should have surpluses with them. We don't need their cars. We don't need their lumber. We don't need their energy. We don't need anything that they have."
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<small>Source: PBS NewsHour</small>
