Exclusive: Canada increasingly sure Trump to pull plug on NAFTA - sources

[UpInArms]

Source: Reuters

Canada is increasingly convinced that U.S. President Donald Trump will soon announce that the United States intends to pull out of the North American Free Trade Agreement, two government sources said on Wednesday.

The sources said they expected Trump would make his move at about the same time that negotiators from the United States, Canada and Mexico meet in late January for the sixth and penultimate round of talks to modernize the treaty.

...snip...

The Canadian dollar fell to its weakest level this year at C$1.2561 to the greenback, or 79.61 U.S. cents. The peso was trading down more than 0.6 pct at 1925 GMT, while the S&P/BM IPC stock index .MXX was down about 1.7 percent.

Trump has repeatedly threatened to walk away from NAFTA unless Canada and Mexico agree to major changes Washington says are needed to make the 1994 treaty more fair.

Read more: https://ca.reuters.com/article/topNews/idCAKBN1EZ2K4-OCATP

[AlexSFCA]

1. does that mean canada benefits from nafta more

than US?

[UpInArms]

2. Heres a good place for info:

Six Advantages of NAFTA

NAFTA created the world’s largest free trade area of 450 million people. It's an economic powerhouse of $20.08 trillion, as measured by gross domestic product. It links the economies of the United States ($18.5 trillion), Canada ($1.67 trillion), and Mexico ($2.3 trillion). NAFTA's trade area is greater than the economic output of the 28 countries in the entire European Union.

[FakeNoose]

5. Canada is our best customer, and we're theirs

This doesn't make sense. Maybe Trump wants to put up a hotel in Montreal?
I don't get it.

[left-of-center2012]

3. From the linked article ...

“Given the highly integrated nature of the North American economy, NAFTA’s collapse would have major economic implications for all three countries.

The head of the U.S. Chamber of Commerce said that economic gains ... would be undone if the U.S. canceled NAFTA.

“Withdrawing from NAFTA would be a grave mistake,” Tom Donohue said ...

[UpInArms]

4. The farmers (who supported the orange menace) will be

Screaming like mashed cats

[dalton99a]

6. His rural supporters will be fucked

[NCDem777]

7. They need to be

[pampango]

8. We had a trade agreement with Canada before NAFTA. Trump seems to hate Mexico more than

Canada. I wonder if the US-Canada agreement will be revived when NAFTA dies. Canada has comparable wage levels and better labor regulations than we have.