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WASHINGTON — The White House is telling U.S. media that it’s weighing a plan to pull out of NAFTA.

The administration has prepared a draft of an executive order to withdraw from the trade accord, Politico reported Wednesday, citing White House officials it didn’t identify.

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The move is still under internal debate, according to the article. It was published just days after Trump levied a tariff on imports of softwood lumber from Canada, decrying unfair competition. A week ago, the U.S. president called NAFTA a “disaster.”

“People are getting more nervous after the U.S. imposed a tariff to Canada,” said Andres Jaime, a foreign-exchange strategist at Barclays Plc in New York.

It remains unclear whether he’s seriously considering a pullout, or simply using it as a threat.

Nonetheless, Mexico’s peso, the Canadian dollar and shares of companies that rely on cross-border trade plunged on speculation the Trump administration was close to scrapping Nafta.