Published: Thu, January 11, 2018
Worldwide | By Gretchen Simon

Canada increasingly convinced of Trump NAFTA pullout

Canada increasingly convinced of Trump NAFTA pullout

According to data from the Bureau of Transportation, US freight flows within the North American Free Trade Agreement (NAFTA) region climbed to US$100.6bn in October.

"Despite the uncertainty surrounding NAFTA and rumors Mexico wouldn't be able to continue exporting to the United States, it's important to note that not only did we hit a record in exports but we also had record export numbers to the United States with almost 10 percent growth", AMIA President Eduardo Solis said.

Though Trump has repeatedly threatened to withdraw from NAFTA, one of the Canadian officials who spoke with the Post Wednesday noted that Trump avoided repeating the threatin his most recent remarks about the trade deal.

The sixth round of talks is set to begin January 23 in Montreal.

Negotiations are due to wrap up at the end of March. In the past month or two, the second official said, Canada has begun to consider it somewhat more likely that Trump could trigger the withdrawal.

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It is not certain the United States would quit NAFTA even if Trump gave the required six months' notice, since he is not obliged to act once the deadline runs out. Magna dipped 3.2 percent to 71.44 Canadian dollars.

Among the most divisive are plans to establish rules of origin for NAFTA goods that would set minimum levels of US content for autos, a sunset clause that would terminate the trade deal if it is not renegotiated every five years, and ending the so-called Chapter 19 dispute mechanism.

Trump has long called the 1994 treaty a bad deal that hurts American workers.

Still, the remarks lacked any defense of the pact and didn't erase the notion that Trump may, at any point, decide to ditch the deal. "But think of it: When Mexico is making all of that money, when Canada is making all of that money, it's not the easiest negotiation".

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