US Commerce Secretary Wilbur Ross Says Trump Would Like Canada to Join Trade Deal with Mexico

President Donald Trump would still like Canada to join the trade deal that the U.S. crafted with Mexico, Commerce Secretary Wilbur Ross told CNBC on Tuesday.

However, the U.S. is moving forward on the bilateral Mexico agreement, Ross said on “Squawk Box.”

The United States Trade Representative office “already filed with the Congress the notice regarding the transaction with Mexico,” Ross said. He said the details should be made public “very shortly,” after the consultation period ends.

Ross said the filing also indicated the U.S. would be “totally happy” if Canada were to get on board and make the deal trilateral, like the one it’s replacing, the 1994 North American Free Trade Agreement.

“If they don’t, we’ll simply go ahead with Mexico,” said the Commerce secretary, who before joining the White House made a fortune buying stakes in distressed assets.

Last month, Trump announced the U.S.-Mexico pact, saying it will be called the United States-Mexico Trade Agreement.

via CNBC

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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