Trump threatens to 'break' trade pact with Mexico, Canada

Donald TrumpDonald TrumpFive takeaways from New Hampshire Senate debate Trump losing cash race in final weeks Trump on sparring with Biden: 'He'd fall right over' MORE is calling the North American Free Trade Agreement (NAFTA) a "disaster" and vowing to renegotiate or break the deal if elected president.

"It's a disaster," Trump told CBS's Scott Pelley in an interview airing Sunday on "60 Minutes." "We will either renegotiate it or we will break it because you know every agreement has an end.

"Every agreement has to be fair. Every agreement has a defraud claim. We're being defrauded by all these countries," Trump continued.

Pressed on whether he supports free trade, Trump responded, "We need fair trade, not free trade. We need fair trade it's got to be fair."

Trump has blasted trade policies, accusing leaders of allowing China and Mexico to steal U.S. jobs and hurt American workers.

The GOP front-runner also opposed granting President Obama fast-track trade powers.

In his CBS interview, Trump also vowed to tax corporations that move their production overseas.

"Let's say Ford moves to Mexico, if they want to sell that car in the United States, then they pay a tax," he said.

"Here's what's going to happen: they aren't going to build their plant there, they'll build it in the United States."