May 18, 2024

Canada and U.S. Meet as Pressure Builds to Reach Trade Accord

The United States and Canada are moving closer to resolving their trade differences and could reach a deal by the end of the week that keeps the three-country North American Free Trade Agreement intact.

Both countries are under pressure to find a way to keep Nafta intact and to avoid the United States and Mexico from moving ahead without Canada, as President Trump has threatened. Republican lawmakers are warning the White House that a bilateral agreement will not pass congressional muster, while industry groups said a Nafta without Canada would take a significant economic toll.

In an appearance in front of reporters in the Oval Office on Wednesday, Mr. Trump said that he was optimistic that the Canadians would soon become a part of an expanded deal made earlier in the week with Mexico.

“Right now we call it the U.S.-Mexico trade agreement and we’ll see whether or not Canada get its into it,” the president said. “I think it’s probably not going to be good at all if they don’t.”

For more read the full of article at The Nytimes

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