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More signs of trouble on NAFTA front
There are more signals NAFTA negotiations might be breaking down.
Canadian foreign minister Chrystia Freeland reportedly cut short her visit to Washington, D.C. this week as officials from the U.S., Canada, and Mexico run up against a deadline set by the Trump Administration.
President Trump has declared June 1st as the date Canada and Mexico’s exemptions for steel and aluminum tariffs would run out.
There was another sign of trouble earlier this week when Canadian prime minister Justin Trudeau told Bloomberg “No NAFTA is better than a bad deal,” saying he has made that very clear to the President.
A Toronto newspaper is reporting the Canadian government is planning on trade retaliation against the U.S. over the tariff threats, with Freeland stating Canada is absolutely prepared to and will defend its industries and jobs.
Freeland’s early departure from the NAFTA meeting follows a U.S. request to have the World Trade Organization examine possible discrimination by Canada involving the sale of wine in British Columbia.
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