Trump says was 'psyched to terminate NAFTA' but reconsideredWASHINGTON (Reuters) - President Donald Trump told Reuters on Thursday that he was “psyched” to terminate the NAFTA trade deal with Canada and Mexico, but changed his mind after their leaders asked for it to be renegotiated instead. Trump said in an interview with Reuters that he will not hesitate to change course again and pull the plug on the North American Free Trade Agreement if the negotiations become “unserious.” His comments came at the end of a long 24 hours during which Ottawa and Mexico City were whipsawed over the Trump administration’s intentions over the 23-year-old trade pact. “You know I was really ready and psyched to terminate NAFTA,” Trump said. He decided that it would be better to terminate the trade deal after hearing about Wisconsin farmers’ struggles with new Canadian dairy rules that were shutting out their milk protein exports. “You saw that, you wrote about it,” Trump said. “And I said I’ve had it. I’ve had it.” But after administration officials said a withdrawal order was being prepared, Trump said he received phone calls from Mexican President Enrique Pena Nieto and Canadian Prime Minister Justin Trudeau asking to renegotiate the pact.   “I’m not looking to hurt Canada and I’m not looking to hurt Mexico. They’re two countries I really like,” Trump said. “So they asked to renegotiate, and I said yes.” News of the possible U.S. pullout from NAFTA rattled financial markets on Wednesday. Relative calm returned on Thursday after Trump’s comments, and the Mexican peso strengthened 0.86 percent against the U.S. dollar, while the Canadian dollar was flat versus the greenback. Mexico, Canada and the United States form one of the world’s biggest trading blocs, and trade disruptions among them could adversely affect farm, automotive, energy and other sectors in all three countries. NAFTA removed most trade and tariff barriers between the neighbors, but Trump and other critics have blamed it for deep U.S. job cuts. Trump campaigned for president last year on a pledge to pull out of NAFTA if he could not renegotiate better terms. The United States went from running a small goods trade surplus with Mexico in the early 1990s to a $63-billion deficit in 2016. Asked by Reuters what would make NAFTA a fair deal, Trump said: “Open markets. Open borders for trade” and “Fairness, no government subsidies so that it makes it impossible for our people to compete.” He added that if the NAFTA negotiations “become unserious, I will terminate.” As Trump spoke, a new trade irritant between the United States and Canada emerged, as Boeing Co asked the U.S. Commerce Department to investigate alleged price dumping and unfair Canadian government subsidies for Bombardier Inc’s  new Canadian-made CSeries jetliners.    Trudeau told a news conference in Saskatchewan he had urged Trump not to withdraw from the trade pact and warned that doing so “would cause a lot of short- and medium-term pain.” “That’s not something that either one of us would want, so we agreed that we could sit down and get to work on looking at ways to improve NAFTA,” Trudeau said. Canada sends 75 percent of its exports to the United States. On Tuesday, Trump said he did not fear a trade war with Canada, a day after his administration moved to impose tariffs on Canadian lumber. In Mexico City, Mexican Foreign Minister Luis Videgaray said Pena Nieto had called Trump on Wednesday and spoken with him for about 20 minutes in a conversation focused exclusively on the looming talks over NAFTA’s “renegotiation and modernization.” Trump has accused Mexico of luring away American factories and jobs with cheap labor and other advantages enabled by NAFTA. During the presidential campaign he accused Mexico of sending rapists and criminals into the United States, and as president plans a U.S.-Mexico border wall. One of Trump’s first major acts after becoming president in January was to pull out of the 12-nation Trans-Pacific Partnership, negotiated by his Democratic predecessor Barack Obama. Several agriculture lobby groups in Washington were told U.S Agriculture Secretary Sonny Perdue, confirmed by the Senate on Monday, met with Trump on Wednesday evening to dissuade him from withdrawing from NAFTA. American Soybean Association President Ron Moore said, “When you’re talking about $3 billion in soybean exports a year, any threats to withdraw from agreements and walk away from markets makes farmers extremely nervous.” Formal NAFTA talks likely will not get started until August. The U.S. Trade Representative’s office must first send Congress a notice that starts a 90-day consultation period preceding any negotiations. A USTR spokeswoman said the notice would not be sent until the Senate confirmed Trump’s nominee for trade representative, Robert Lighthizer. politicsNews
trump says terminate bafta reconsideredwashington reuters president donald trump told reuters thursday psyche terminate bafta trade deal canada mexico changed mind leaders asked negotiated instead trump said interview reuters hesitate change course pull plug north american free trade agreement negotiations become his comments came end long hours ottawa mexico city whipsawed trump administration intentions trade pact you know i really ready psyche terminate bafta trump said he decided would better terminate trade deal hearing wisconsin farmers struggles new canadian dairy rules shutting milk protein exports you saw wrote trump said and i said i i but administration officials said withdrawal order prepared trump said received phone calls mexican president enrique pena niet canadian prime minister justin trudeau asking negotiate pact i looking hurt canada i looking hurt mexico they two countries i really like trump said so asked negotiate i said news possible fallout bafta battled financial markets wednesday relative calm returned thursday trump comments mexican peso strengthened percent dollar canadian dollar flat versus greenback mexico canada united states form one world biggest trading block trade disruptions among could adversely affect farm automotive energy sectors three countries bafta removed trade tariff barriers neighbors trump critics blamed deep job cuts trump campaigned president last year pledge pull bafta could negotiate better terms the united states went running small goods trade surplus mexico early deficit asked reuters would make bafta fair deal trump said open markets open borders trade fairness government subsidies makes impossible people he added bafta negotiations become serious i as trump spoke new trade irritant united states canada emerged boeing co asked commerce department investigate alleged price dumping unfair canadian government subsidies bombardier inc new series retainers trudeau told news conference saskatchewan urged trump withdraw trade pact warned would cause lot that something either one us would want agreed could sit get work looking ways improve bafta trudeau said canada sends percent exports united states on tuesday trump said fear trade war canada day administration moved impose tariffs canadian lumber in mexico city mexican foreign minister luis videgaray said pena niet called trump wednesday spoken minutes conversation focused exclusively looming talks bafta negotiation trump accused mexico luring away american factories jobs cheap labor advantages enabled bafta during presidential campaign accused mexico sending rapists criminals united states president plans border wall one trump first major acts becoming president january pull partnership negotiated democratic predecessor barack obama several agriculture lobby groups washington told agriculture secretary sony purdue confirmed senate monday met trump wednesday evening dissuade withdrawing bafta american soybean association president ron moore said when talking billion soybean exports year threats withdraw agreements walk away markets makes farmers extremely formal bafta talks likely get started august the trade representative office must first send congress notice starts consultation period preceding negotiations a user spokeswoman said notice would sent senate confirmed trump nominee trade representative robert lighthizer politicsnews
Your task is to classify the provided input as real or fake news. Label 0 is meant for fake news, Label 1 is for real news. TEXT: Trump says was 'psyched to terminate NAFTA' but reconsideredWASHINGTON (Reuters) - President Donald Trump told Reuters on Thursday that he was “psyched” to terminate the NAFTA trade deal with Canada and Mexico, but changed his mind after their leaders asked for it to be renegotiated instead. Trump said in an interview with Reuters that he will not hesitate to change course again and pull the plug on the North American Free Trade Agreement if the negotiations become “unserious.” His comments came at the end of a long 24 hours during which Ottawa and Mexico City were whipsawed over the Trump administration’s intentions over the 23-year-old trade pact. “You know I was really ready and psyched to terminate NAFTA,” Trump said. He decided that it would be better to terminate the trade deal after hearing about Wisconsin farmers’ struggles with new Canadian dairy rules that were shutting out their milk protein exports. “You saw that, you wrote about it,” Trump said. “And I said I’ve had it. I’ve had it.” But after administration officials said a withdrawal order was being prepared, Trump said he received phone calls from Mexican President Enrique Pena Nieto and Canadian Prime Minister Justin Trudeau asking to renegotiate the pact.   “I’m not looking to hurt Canada and I’m not looking to hurt Mexico. They’re two countries I really like,” Trump said. “So they asked to renegotiate, and I said yes.” News of the possible U.S. pullout from NAFTA rattled financial markets on Wednesday. Relative calm returned on Thursday after Trump’s comments, and the Mexican peso strengthened 0.86 percent against the U.S. dollar, while the Canadian dollar was flat versus the greenback. Mexico, Canada and the United States form one of the world’s biggest trading blocs, and trade disruptions among them could adversely affect farm, automotive, energy and other sectors in all three countries. NAFTA removed most trade and tariff barriers between the neighbors, but Trump and other critics have blamed it for deep U.S. job cuts. Trump campaigned for president last year on a pledge to pull out of NAFTA if he could not renegotiate better terms. The United States went from running a small goods trade surplus with Mexico in the early 1990s to a $63-billion deficit in 2016. Asked by Reuters what would make NAFTA a fair deal, Trump said: “Open markets. Open borders for trade” and “Fairness, no government subsidies so that it makes it impossible for our people to compete.” He added that if the NAFTA negotiations “become unserious, I will terminate.” As Trump spoke, a new trade irritant between the United States and Canada emerged, as Boeing Co asked the U.S. Commerce Department to investigate alleged price dumping and unfair Canadian government subsidies for Bombardier Inc’s  new Canadian-made CSeries jetliners.    Trudeau told a news conference in Saskatchewan he had urged Trump not to withdraw from the trade pact and warned that doing so “would cause a lot of short- and medium-term pain.” “That’s not something that either one of us would want, so we agreed that we could sit down and get to work on looking at ways to improve NAFTA,” Trudeau said. Canada sends 75 percent of its exports to the United States. On Tuesday, Trump said he did not fear a trade war with Canada, a day after his administration moved to impose tariffs on Canadian lumber. In Mexico City, Mexican Foreign Minister Luis Videgaray said Pena Nieto had called Trump on Wednesday and spoken with him for about 20 minutes in a conversation focused exclusively on the looming talks over NAFTA’s “renegotiation and modernization.” Trump has accused Mexico of luring away American factories and jobs with cheap labor and other advantages enabled by NAFTA. During the presidential campaign he accused Mexico of sending rapists and criminals into the United States, and as president plans a U.S.-Mexico border wall. One of Trump’s first major acts after becoming president in January was to pull out of the 12-nation Trans-Pacific Partnership, negotiated by his Democratic predecessor Barack Obama. Several agriculture lobby groups in Washington were told U.S Agriculture Secretary Sonny Perdue, confirmed by the Senate on Monday, met with Trump on Wednesday evening to dissuade him from withdrawing from NAFTA. American Soybean Association President Ron Moore said, “When you’re talking about $3 billion in soybean exports a year, any threats to withdraw from agreements and walk away from markets makes farmers extremely nervous.” Formal NAFTA talks likely will not get started until August. The U.S. Trade Representative’s office must first send Congress a notice that starts a 90-day consultation period preceding any negotiations. A USTR spokeswoman said the notice would not be sent until the Senate confirmed Trump’s nominee for trade representative, Robert Lighthizer. politicsNews
Your task is to classify the provided input as real or fake news. Label 0 is meant for fake news, Label 1 is for real news. TEXT: trump says terminate bafta reconsideredwashington reuters president donald trump told reuters thursday psyche terminate bafta trade deal canada mexico changed mind leaders asked negotiated instead trump said interview reuters hesitate change course pull plug north american free trade agreement negotiations become his comments came end long hours ottawa mexico city whipsawed trump administration intentions trade pact you know i really ready psyche terminate bafta trump said he decided would better terminate trade deal hearing wisconsin farmers struggles new canadian dairy rules shutting milk protein exports you saw wrote trump said and i said i i but administration officials said withdrawal order prepared trump said received phone calls mexican president enrique pena niet canadian prime minister justin trudeau asking negotiate pact i looking hurt canada i looking hurt mexico they two countries i really like trump said so asked negotiate i said news possible fallout bafta battled financial markets wednesday relative calm returned thursday trump comments mexican peso strengthened percent dollar canadian dollar flat versus greenback mexico canada united states form one world biggest trading block trade disruptions among could adversely affect farm automotive energy sectors three countries bafta removed trade tariff barriers neighbors trump critics blamed deep job cuts trump campaigned president last year pledge pull bafta could negotiate better terms the united states went running small goods trade surplus mexico early deficit asked reuters would make bafta fair deal trump said open markets open borders trade fairness government subsidies makes impossible people he added bafta negotiations become serious i as trump spoke new trade irritant united states canada emerged boeing co asked commerce department investigate alleged price dumping unfair canadian government subsidies bombardier inc new series retainers trudeau told news conference saskatchewan urged trump withdraw trade pact warned would cause lot that something either one us would want agreed could sit get work looking ways improve bafta trudeau said canada sends percent exports united states on tuesday trump said fear trade war canada day administration moved impose tariffs canadian lumber in mexico city mexican foreign minister luis videgaray said pena niet called trump wednesday spoken minutes conversation focused exclusively looming talks bafta negotiation trump accused mexico luring away american factories jobs cheap labor advantages enabled bafta during presidential campaign accused mexico sending rapists criminals united states president plans border wall one trump first major acts becoming president january pull partnership negotiated democratic predecessor barack obama several agriculture lobby groups washington told agriculture secretary sony purdue confirmed senate monday met trump wednesday evening dissuade withdrawing bafta american soybean association president ron moore said when talking billion soybean exports year threats withdraw agreements walk away markets makes farmers extremely formal bafta talks likely get started august the trade representative office must first send congress notice starts consultation period preceding negotiations a user spokeswoman said notice would sent senate confirmed trump nominee trade representative robert lighthizer politicsnews