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Economy

US says Canada not making concessions needed for NAFTA deal

Updated : September 26, 2018 06:34 AM IST

US President Donald Trump's administration recently began increasing the pressure on Canada, urging it to conclude a deal by Sunday or face exclusion from a revised North American Free Trade Agreement.
Trump has demanded major changes to NAFTA, which he has said caused US manufacturing jobs to move to low-wage Mexico. Markets are nervous about the impact on a deal that underpins $1.2 trillion in annual trade.
Canadian officials have said that despite the US threats to go it alone with Mexico, they do not believe Trump can by himself turn the 1994 pact into a bilateral deal.
US says Canada not making concessions needed for NAFTA deal
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