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Informal NAFTA Talks ‘Very Likely’ at Upcoming U.N. Meeting: Trudeau

Posted September 24, 2018

Under Economic Issues, International Trade Issues

(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.