Trump Keeps Talking NAFTA Exit As He Hails Infrastructure Plan

If Mexico and Canada do not agree to an updated NAFTA 2.0 agreement, President Donald Trump Monday again talked of getting out of the pact. "I always said we're going to renegotiate it or terminate it," Trump said while unveiling his infrastructure plan. "Hopefully, the renegotiation will be successful, and if not, we'll be even more successful."Trump also talked of putting a reciprocal tax in place to account for countries that place higher duties/tariffs on U.S. goods than the levels imposed on imports from those countries. "We send them our product, same product as they're sending us; and they'll charge us 50% and 75% tax — and that's very unfair," Trump declared. "So we're going to be doing very much a reciprocal tax, and you'll be hearing about that during the week and during the coming months."The White House later appeared to downplay the potential that a reciprocal tax was in the cards. "There is nothing formal in the works right now," a senior administration official said. "He was simply reiterating the same sentiments he's been saying about reciprocal trade for years."