Canada takes U.S. President Donald Trump’s comments about pulling out of NAFTA seriously and has no indication when the White House might act, Finance Minister Bill Morneau said on Monday.
Morneau, speaking to a New York event arranged by Politico, also said it was clear that a negotiating process was starting in the United States which he hoped would lead to Congressional ratification of a new pact designed to replace the North American Free Trade Agreement.
Trump said on Saturday he would give formal notice of his intention to terminate NAFTA, giving six months for lawmakers to approve the new U.S.-Mexico-Canada Agreement (USMCA). Click here to read more.
- After Signing New USMCA, Trump Threatens to Cancel Existing NAFTA (GHY)
- Trump is About to Play a Dangerous Game of Chicken With Democrats (Business Insider)
- Canada Has ‘High Level of Confidence’ New NAFTA Will be Ratified in U.S.: Morneau (Canadian Press)