Mr. Trump's Saturday warning comes a day after US and Canadian negotiators failed to reach an agreement on Friday, a deadline he set, to revamp the trade deal that includes Mexico.
Trump went on to blame the agreement, which went into effect in 1994, for costing the USA "millions" of manufacturing and other jobs over the course of two decades. If we don't make a fair deal for the USA after decades of abuse, Canada will be out. They also announced that they would resume talks on Wednesday after four days of intense negotiations in Washington ended without a final agreement.
Reports indicate that Canadian negotiators have refused to budge on supply management, the highly controlled system that regulates pricing for certain products produced by Canadian farmers, including dairy and poultry.
Canada can sign on until Congress ratifies the deal, which will likely be at the end of November.
The Toronto Star reported off-the-record remarks Trump allegedly made during an interview with Bloomberg News on Thursday, in which, according to the Star's source, Trump says the U.S.is not compromising at all with Canada in NAFTA talks.
"Wow, I made OFF THE RECORD COMMENTS to Bloomberg concerning Canada, and this powerful understanding was BLATANTLY VIOLATED", Trump wrote on Twitter. The deal would then not be a reworked version of NAFTA, but a bilateral U.S. -Mexico trade deal. He was involved in tough negotiations for the Canada-U.S. "We were far better off before NAFTA - should never have been signed", he continued. Even the Vat Tax was not accounted for.
The latest Twitter volley came as Prime Minister Justin Trudeau sought the advice of a man who understands the pressure-cooker of high-stakes trade negotiations - former prime minister Brian Mulroney. Trump tweeted Saturday morning.
The U.S. and Mexico negotiated a new pact to replace NAFTA, snubbing Canada in the process.