Source: POLITICO'S MORNING AGRICULTURE, 6/1/18

Trump's tariffs threw yet another wrench into NAFTA talks, further delaying a final agreements, write Pro Trade's Adam Behsudi and Megan Cassella.

The action also revives the possibility that Trump will carry through on his pledge of pulling out of the deal — a move that could have serious consequences for all three economies. In fact, in a statement Thursday evening from the White House, Trump complained again that "the United States has been taken advantage of for many decades on trade." He said he told Prime Minister Justin Trudeau of Canada that when it came to NAFTA, the U.S. "will agree to a fair deal, or there will be no deal at all."

Canada's feelings: Trudeau, for his part, revealed a rare glimpse of what went on behind the scenes with the White House. He said the Trump administration pressured him to accept a provision that would automatically terminate the trade agreement in five years, unless all three nations renewed it. Trudeau said he refused to have his hand forced and canceled his plans to travel to Washington to finalize a deal if that was going to be the condition.

Mexico's sentiment: Mexican Economy Minister Ildefonso Guajardo said Thursday that he believed the steel and aluminum tariffs were again a form of political posturing by Trump, reports Sabrina Rodriguez.

"It's a sad day for international trade when these repeated threats take form against the European Union, against Canada, against Mexico, and which are totally incomprehensible," Guajardo said on the Mexican radio show "Sin Anestesia."

What others think: It may be a victory for the protectionists in the White House, but even some of them are feeling whiplash in not knowing what's going to happen next. The president "intends to be tactically unpredictable and thinks it's a fantastic negotiating approach," economist Douglas Holtz-Eakin, president of the conservative American Action Forum, told POLITICO . "But they are on a course that has failure written all over it. What you wind up doing is confusing people, doing incalculable damage to relationships with allies and shooting yourself in the foot on the economy when regulatory and tax reform are doing so well."