(Allison Lampert – Reuters)
U.S. and Canadian officials trying to reach a deal on the North American Free Trade Agreement (NAFTA) are “very likely” to hold informal talks on the sidelines of a major U.N. meeting in the next few days, Canadian Prime Minister Justin Trudeau said on Sunday.
With time running out ahead of a U.S.-imposed deadline of the end of September, negotiators are making slow progress on updating NAFTA.
U.S. President Donald Trump struck a side deal on NAFTA with Mexico last month and has threatened to exclude Canada if necessary. He also said he might impose a 25 per cent tariff on Canadian autos exports, which would badly hurt Canada’s economy.
Trump took office last year vowing to tear up NAFTA unless major changes were made to a pact he blames for the loss of U.S. manufacturing jobs. Click here to read more.
- What’s Next: Trump’s NAFTA Dilemma (Axios)
- Canada NAFTA Impasse Is No Near Miss (Forbes)
- Missing Another NAFTA Deadline Would be Risky — But Not Fatal (CBC News)