Trump: I was 'psyched to terminate NAFTA' but reconsidered

Trump had a dramatic change of mind in deciding to pursue negotiations.

In the interview, Trump recounted his about-face on deciding not to cancel the agreement outright and instead trying to renegotiate the trade pact that has been in place with Canada and Mexico since 1994.

"You know I was really ready and psyched to terminate NAFTA," he told Reuters, before saying he changed his mind. "I'm not looking to hurt Canada and I'm not looking to hurt Mexico. They’re two countries I really like," Trump said. "So they asked to renegotiate, and I said yes."

"They said, 'Rather than terminate NAFTA, could you please renegotiate?'" Trump recounted. "I said, 'I will hold on the termination. Let's see if we can make it a fair deal.'"

While campaigning for president, Trump slammed NAFTA as a "disaster" and the "worst trade deal in history."

As president, he has continued to speak out against the trade deal, last week calling it "very, very bad" for American companies and workers.

"We're going to make some very big changes, or we're going to get rid of NAFTA once and for all," he said during a speech in Kenosha, Wisconsin, earlier this month. "It cannot continue like this, believe me."