President Donald Trump defended what he called 'reciprocal' tariffs on U.S. allies and said he might favor scrapping NAFTA and replacing it with separate deals with Canada and Mexico.
'NAFTA look it's been a terrible deal for the United States. People are starting to see it,' Trump said, asked about the trade war after his administration announced it was slapping steal and aluminum tariffs on allies Canada and Mexico as well as the European Union.
Those nations, in turn, announced they were hitting the U.S. with taxes on products ranging from steel to peanut butter.
'And I believe in the word reciprocal. You're gonna charge five times, we're gonna charge five times. That hasn't been done. No other president ever brought it up. and it's gonna be done now,' Trump said.