Cruz has expressed support for renegotiating NAFTA under Trump - he has said doing so is long overdue - but not abandoning it altogether.
Trump has blamed NAFTA for American job losses.
"The president has made addressing the problems of NAFTA a priority throughout the campaign, and once the president makes a decision about how he wants to address that, we'll let you know", he said.
President Trump said, 'it is my privilege to bring NAFTA up to date through renegotiation.
"Both conversations were pleasant and productive".
Joe Schuele, U.S. Meat Export Federation vice president of communications, states "Mexico and Canada are leading destinations for U.S. red meat, with combined 2016 exports valued at almost $4 billion".
President Donald Trump is considering notifying Canada and Mexico that he is starting the process to withdraw the United States from the three nations' North American Free Trade Agreement, three people familiar with the process said.
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One senior administration official stressed that this is something Trump has "always been considering" and while the White House is now considering an executive order, the official stressed a lot could change in the coming days.
Withdrawing from the trade agreement between Canada, Mexico, and the United States was one of Mr Trump's key promises on the campaign trail in 2016.
The administration's talk of exiting NAFTA has run into opposition from several prominent Republican lawmakers, including border senators John McCain of Arizona and John Cornyn of Texas, Politico reported. However a withdrawal would "be disgraceful and a disaster".
In an eight-page draft letter to Congress, acting U.S. Trade Representative Stephen Vaughn wrote that the administration meant to start talking with Mexico and Canada about making changes to the pact, which took effect in 1994.
Lumber is an important component of the massive U.S. construction and home-building industry.
Earlier this week, the US Commerce Department announced it was imposing tariffs of up to 24 percent on Canadian softwood lumber.
"The leaders agreed on the convenience of maintaining the North American Free Trade Agreement and working together with Canada to carry out a successful renegotiation for the benefit of all three countries", the statement read.
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