Page 13 - 571 Billion News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Like $100 billion down because we had stupid politicians doing stupid things. think of $100 billion. by the way, we're really -- i've always said $71 billion. but mentio mexico, we're $130 m. mexico charges a 16% vat tax. nobody ever talks about that. they do it. that deal was bad the day they made it because they had a tax and we didn't. so they have a 16% vat tax. nobody ever talks about it. but i talk about it. we're either going to renegotiate nafta, and i said we won't put the tariffs on mexico and canada and canada's brutal. canada's really tough. we have a big deficit with canada too. t...

Women, that call. you haven't been calling so much. you want to see great deals. but we have to make the deals fair. you know, with mexico as an example, we probably lose $130 billion a year. now, for years i've been saying -- for the last year and a half i've been saying 71 billion, but it's really not. and they have a vet tax of 16% and we don't have a tax. at some point we have to get stronger and smarter because we cannot continue to lose that kind of money with one country. we lose a lot with canada. people don't know it. canada is very smooth. they have you believe that it's wonderful, a...

I may not. i told stadiums of people, i may terminate. >> are you reopening the door to tpp? >> i would do tpp if we made a substantially better deal. the deal was terrible. the way it was structured was terrible. if we did a substantially better deal, i would be open to tpp. >> the president also reiterated that he may terminate the north american free trade agreement citing trade deficits. >> we have a trade deficit with mexico, mexico, $71 billion a year, right? we have a trade deficit with canada, of a substantial amount of money, i don't have a number, but they keep arguing it. i won't te...

Substantially better deal. the deal was terrible. the way it was structured was terrible. if we did a substantially better deal, i would be open to ttp. >> that's interesting. would you hand -- >> are you surprised to hear me say that? >> yes. >> don't be surprised. the deal was a bad deal, like the iran deal is a bad deal. >> maybe nafta, maybe not nafta. can you give me any indication which way you're leaning? because a lot of the ceos that have been on here, they all seem to acknowledge that it's 30 years later and there's a lot of changes that make a lot of sense, but to not abandon the de...

>> are you leaning towards staying in or will you really go out of it? >> i've always said, during the campaign, as you've always said a couple of time, which i have appreciated, i have fulfilled a lot of what i said and i'm only here a year. you know, i think i have four years and maybe another four years. we'll keep going. we'll see what happens. joe, we have a $71 billion a year trade deficit with mexico. we can't have that. so will it be renegotiated? we're trying right now with bob lighthouser and the whole group. i think we have a good chance but we'll see what happens. >> all right, so,...