Canada PM says doesn't think Trump will pull U.S. out of NAFTA

Canada PM says doesn't think Trump will pull U.S. out of NAFTA

Canadian Prime Minister Justin Trudeau on Wednesday said he did not think U.S. President Donald Trump would pull out of NAFTA, despite slow progress at negotiations to update the $1.2 trillion trade pact, Reuters reported.

Trudeau’s comments were among the most positive made by any Canadian official since talks started last year to revamp the North American Free Trade Agreement, which Trump calls a disaster that killed off many U.S. manufacturing jobs.

Scrapping NAFTA would badly hurt U.S. workers and industries, Trudeau told Winnipeg radio station 680 CJOB.

“I‘m confident that the President is going to see that and choose to not terminate because it’s not in his or Americans’ best interests to walk away from NAFTA,” he said.

Trump’s trade chief, speaking on Monday after the sixth of eight rounds of talks, rejected proposals for unblocking the negotiations but promised to seek quick breakthroughs.

Foreign ministers from the United States, Canada and Mexico will meet in Mexico on Friday to discuss the talks and other issues, Ottawa said on Wednesday.

Work on renegotiating the deal began soon after Trump took office a year ago. He said if it could not be overhauled to better favor U.S. interests and American workers, Washington would pull out.

The Trump administration is demanding big changes to the pact, and this has caused tensions with Canada and Mexico.

Trudeau told 680 CJOB that “there are multiple issues at which point” Canada would not accept a deal.

“We’ve pushed our American partners on this and they understand that right now,” he said.

In his State of the Union speech on Tuesday, Trump said “America has also finally turned the page on decades of unfair trade deals,” but did not mention NAFTA by name.

Trudeau told the Canadian Broadcasting Corp that Canada has multiple contingency plans in the event Washington does announce it plans to withdraw.

Government sources told Reuters on Jan 10 that Ottawa was increasingly convinced Washington would give notice of withdrawal. The news hit stock markets and the Canadian and Mexican currencies.

Asked about contingency plans, Trudeau told the CBC “not only do we have a Plan B, we have a Plan C and D and E and F”. He declined to give details.

Trade Minister Francois-Philippe Champagne says his “Plan B” is diversification. Canada currently sends around 75 percent of all goods exports to the United States.

Subscribe to Trend in Google News! Subscribe
Turkmenistan-Azerbaijan-Iran gas swap deal: chance to strengthen energy co-op
Turkmenistan-Azerbaijan-Iran gas swap deal: chance to strengthen energy co-op
Turkmenistan becomes Uzbekistan’s second largest gasoline supplier
Turkmenistan becomes Uzbekistan’s second largest gasoline supplier
Iran resuming exports to Tajikistan through Turkmenistan's routes
Iran resuming exports to Tajikistan through Turkmenistan's routes
Loading Bars
Latest
Georgian Government to co-op with private sector – Business Association
UK health chief says no indication of Omicron wave so far
SOCAR Turkey forecasts growth in its total revenues for 2021
Webinar conference held for youth from Central Asia (PHOTO)
Export prices of Georgian apples increase
Azerbaijani State Customs Committee comments on alleged reduction of $300 limit for orders from abroad
Kazakhstan sees increase in pension savings
Volume of loans issued by private banks of Uzbekistan increases over year
Iran shares import data
Money transfers via Kazakhstan National Bank's payment systems down
Iran increases sale of state assets
Nepal unveils first shock table facility built with Indian aid
Non-OPEC crude oil supply to continue upward trend by 2023
Iran eyes manufacturing goods in Syria, exporting final products to third countries
Azerbaijan to launch social package in 2022 - minister
UAE's ADNOC to supply full crude volumes to Asia buyers in Feb
Azerbaijani president signs order to erect monument to famous poet in Baku
President Ilham Aliyev receives Pakistani Defense Production Minister
Azerbaijan repairs Shaki ferry ship at Zigh Ship Repair and Construction Yard
Azerbaijan reveals electricity generated by power plants in October 2021
Kazakhstan's banks increase lending over 10M2021
Azerbaijan to develop single mobile app for various types of insurance – Central Bank
AZAL discloses reason for Baku-Nakhchivan flight delay
Georgia’s potato exports to Central Asia up
Russia records 32,648 new daily coronavirus cases, lowest number since Oct 15
Uzbekistan shares data on loan portfolio of its banks in 10M2021
Iran eyes increase in value of exports – IRICA
Georgia’s hazelnut exports continue to increase
Kazakhstan’s Samruk-Kazyna opens tender on car renting services
Azerbaijan’s Central Bank eyes introducing innovation in insurance sector
Georgia’s GDP to reach European level – minister
German companies sign contracts with Azerbaijan in railway construction
Kazakhstan reports increase in placed deposits value
Petkim's revenues reached record high level this year - SOCAR Turkey CEO
Gas consumption in Iran continues to grow
Azerbaijan produces over 20,000 PCR tests for COVID-19
Georgia reveals sectors affected by real GDP growth
SOCAR Turkey discloses its investments in Turkey (PHOTO)
Dynamics of European oil demand in 2021-23
Iran boosts exports via customs of Bushehr Province
Chinese FM makes statement on meeting of leaders of Azerbaijan, Russia, Armenia in Sochi
Europe to see increase in jet fuel demand – JP Morgan
Azerbaijan's air defense units carry out combat firing exercises (VIDEO)
Top Russian, Mongolian defense officials discuss cooperation
Azerbaijani currency rates for November 30
"International Youth Festival of Modern Muslim Culture" ended in Kazan (PHOTO)
French inflation hits 13-year high in November
World oil demand to rise in 2022
German companies express interest in investing in Azerbaijan's Alat Free Economic Zone
Kazakhstan’s oil construction company opens tender for electrical equipment
Azerbaijan sees increase volume of loans issued for construction sector
Military helicopter crashes in Azerbaijan
Kazakh energy minister talk sale of hydroelectric power plants to UAE
Iran wants lifting of all sanctions - AEOI
State Agency on Vocational Education and Azerconnect sign Memorandum of Understanding
Volume of Azerbaijani gas exports to Turkey disclosed
Japan confirms first case of Omicron variant of coronavirus
International Court of Justice to deliver its order on Azerbaijan's case against Armenia
Kazakhstan’s manufacturing industry maintains stable growth – ministry
Georgian stock market eyes additional investments
Kazakhstan’s KazMunayGas, Russia’s Tatneft establish JV for butadiene rubbers production
Azerbaijan, Iran implementing important projects - ambassador
Uzbekneftegaz obtains new industrial gas flow from Shimoliy Dengizkul field
Iran records increase in exports from Chaharmahal & Bakhtiari Province
Azerbaijan discloses volume of contaminated potatoes returned to Georgia
Vietnam to localize production of Russian Sputnik V vaccine
Kazakhstan's PM talks industrial development
Turkmenistan-Azerbaijan-Iran gas swap deal: chance to strengthen energy co-op
Uzbek BMB Group to organize export of saffron to Spain
India steps ups COVID-19 testing for international flyers
IIT-Guwahati develops coating for cloth masks for better COVID protection
India-Singapore flights commence under vaccinated travel lane
Number of flights via Iran’s Tabriz International Airport up
Georgia releases COVID-19 data for November 30
Vice admiral R Hari Kumar to take over as new chief of Naval staff today
JP Morgan expects Azerbaijan’s oil output to fall in 2023
CEO of European Azerbaijan School explains goals of hosting first IB conference (PHOTO/VIDEO)
Azerbaijan shows footage from Kalbajar's liberated Gilinjli village (VIDEO)
Azerbaijani oil prices increase
Azerbaijan sees growth in real estate registration rate for 10M2021 (Exclusive)
Iranian currency rates for November 30
Azerbaijan approves procedure for providing COVID-19 certificate
Uzbekistan shares updated COVID-19 data
Georgia shares data on TOP-5 potato export destinations for 10M2021
Kazakhstan’s Kazinform joins Turkic World media platform (PHOTO)
JP Morgan reveals forecasts for Azerbaijan’s 2021 oil output
Oil gains on bets OPEC+ will pause output hike
Azerbaijan approves amendments to law on vocational education
Azerbaijan may give incentives to support taxpayers offering local transport and forwarding services
Pakistan, Iran discuss establishment of barter system
Baku-Supsa loaded 1000th tanker at Supsa terminal on the Black Sea
Australian scientists establish platform to combine human, machine intelligence
Iran oil ministry requires more share from revenues - Energy Commission
Oil prices rise on bets OPEC+ will hold off output hike
654 more COVID-19 cases reported in Kazakhstan
Israel discovers 1,900-year-old industry building, large cemetery
Global coalition seizes 145.3 tonnes of cocaine - Colombia's navy
Snowfalls, heavy rains and strong winds hit Italy and Spain
Eight Iraqi officers probing attack on PM arrested on charges of negligence
Biden urges calm over Omicron COVID-19 variant
All news