President Donald Trump will renegotiate NAFTA rather than terminate it, after a day of chaos sent top business interests and members of congress scrambling.

Trump confirmed the news on Thursday morning.

“I received calls from the President of Mexico and the Prime Minister of Canada asking to renegotiate NAFTA rather than terminate,” he wrote on Twitter. “I agreed subject to the fact that if we do not reach a fair deal for all, we will then terminate NAFTA. Relationships are good — deal very possible!”

A senior White House advisor described the abrupt whiplash on NAFTA as the president’s “art of the deal,” rather than a swift reaction to a misstep.

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