There is a serious risk that the United States could withdraw from the North American Free Trade Agreement, and Mexico must have a “plan B” for that eventuality, Economy Minister Ildefonso Guajardo was quoted as saying on Tuesday.

U.S. President Donald Trump on Monday renewed his long-standing threat to abandon NAFTA, saying he believed the United States would probably have to start the process of exiting the trade accord to reach a fair deal for his country. .

In an interview with the Mexican business daily El Economista, Guajardo said “there is a risk, and it’s high” that the Trump administration abandons NAFTA.

“We have to be more than ready for a plan B,” he told the newspaper.