US President Donald Trump has agreed not to terminate its participation in North American Free Trade Agreement (NAFTA) and instead renegotiate the terms of the deal after talks with Canada’s Prime Minister Justin Trudeau, according to an interview aired on Monday.

Axar.az reports citing Sputnik news.

Trump has often decried trade deals like NAFTA — which was signed by former President Bill Clinton — as a bad deal for the United States.

"I got a very nice call from Justin Trudeau, the prime minister of Canada," Trump told CBS. "And they said please would you rather than terminating NAFTA — I was all set to do it. But they called up and they said, ‘Would you negotiate?’ And I said, ‘Yes, I will negotiate.’"

Late last week, Trump stated that the agreement will be terminated if a fair deal cannot be reached.

One of Trump’s first actions upon becoming the US president was to withdraw the country from the Trans-Pacific Partnership free trade agreement that had been negotiated by his predecessor Barack Obama.