Canadian PM Meets Trump Seeking to Avoid Trade Tension

Canadian Prime Minister Justin Trudeau on Monday opened talks at the White House with U.S. President Donald Trump, seeking to nurture economic ties while avoiding tensions over issues such as immigration on which the two are sharply at odds.

A smiling Trudeau warmly shook Trump’s hand on arrival for what were his first talks there since the president assumed power on Jan. 20.



Trudeau has taken a low-key approach toward Trump, a Republican who campaigned on a pledge to toughen U.S. immigration policies and renegotiate the North American Free Trade Agreement (NAFTA) among Canada, the United States and Mexico.

Trudeau will start his four-hour visit to the White House by holding a private meeting with Trump. Aides will then join the talks before the two men meet female executives and have lunch before addressing a news conference at 2 p.m. Eastern Time.

Trudeau told reporters on Friday he expected the two would “find a lot of common ground.”

He also said he would look to “defend and demonstrate Canadian values,” but do so “respectfully and not from an ideological standpoint.”

Trump’s vow to renegotiate NAFTA has unnerved Canadian officials, even though he has singled out Mexico in his criticism of the free trade deal. Canada sends 75 percent of its exports to the United States.

via Kitco

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza