Justin Trudeau said on Wednesday that it may be possible to reach a deal on Nafta ahead of Donald Trump’s Friday deadline.
“We recognize that there is a possibility of getting there by Friday, but it is only a possibility, because it will hinge on whether or not there is ultimately a good deal for Canada,” the Canadian prime minister said at a press conference in northern Ontario. “No Nafta deal is better than a bad Nafta deal.”
The Canadian prime minister’s optimism was echoed later on Wednesday by Trump, who told reporters at the White House “I think Canada very much wants to make the deal”.
But, Trump warned, “it probably won’t be good at all if they don’t”.
The US and Canadian leaders’ comments came hours after trade officials resumed negotiations in Washington on US-Mexico drafted revisions, dubbed The United States-Mexico Trade Agreement by the US president. Canadian negotiators must complete that process by Friday so the revised trade pact can come into effect before Mexico’s change of government later this year.
via The Guardian
This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.
Alfonso Esparza
Latest posts by Alfonso Esparza (see all)
- Softer Dollar Pushes Oil Higher - 10/16/2019
- Pound Retraces Slightly on Brexit Caution - 10/16/2019
- Gold Regains Ground on Brexit Jitters - 10/16/2019