Canadian officials expect Trump will soon pull plug on NAFTA

Frederick Owens
January 14, 2018

In an interview Thursday with the Wall Street Journal, the president indicated he's open to extending the March deadline for concluding talks aimed at modernizing the North American Free Trade Agreement.

Speaking about one of his signature campaign promises with The Wall Street Journal, Trump said a renegotiation of the 1994 North American Free Trade Agreement - which includes Canada, Mexico, and the USA - could provide cost savings to the US that could be used to pay for the wall. "Guess what? Mexico's paying". "The worst case scenario with NAFTA falling apart is that Canada is much better off without it", Jerry Dias said. Economy Minister Ildefonso Guajardo said on his Twitter page that President Enrique Pena Nieto has been clear that Mexico won't pay for the wall.

Mexican officials have rebuffed that suggestion.

In the interim, Trump has requested requested approximately $18 billion for the wall.

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"The reality is that the United States courts are not going to support any allegation made by Canada or Mexico, they are going to support the American businesses community", Dias said.

The Trump administration began renegotiating the trilateral trade deal previous year, and discussions are set to enter their sixth round this month.

At Trump's insistence, trade negotiators from Canada, Mexico and the United States have been seeking since last summer to try to revamp the 1994 NAFTA pact.

"I think the American colleagues understand when you stand strong in sending a message that said, 'We will stand up for the forest industry, we will stand up for the aerospace industry, we'll stand up for Canadian workers", Champagne said. "They have an election coming up fairly shortly". They have so far yielded little firm indication of whether a deal can be reached to update the pact, the officials said.

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