World Bulletin / News Desk
Two officials, who made the remarks on condition of anonymity, said the government felt that chances of Trump’s pullout were now above 50 percent.
As word of the news spread, the Canadian dollar fell 0.8 percent to CAN$1.2567, its lowest level of the year. The Mexican peso also lost value.
Canada’s two-year government bonds also took a hit, dropping seven basis points to 1.73 percent.
The concern about Trump’s withdrawal from the free trade deal comes as the three signatories – the U.S., Canada and Mexico – are renegotiating the terms of NAFTA, which was signed into law by former U.S. President Bill Clinton in 1993.
But trade disputes have broken out between Canada and the U.S., the most recent involving U.S. imposed duties against Canadian newsprint imports Wednesday.
It was also announced Wednesday that Canada had filed a complaint with the World Trade Organization (WTO), claiming the U.S. had committed nearly 200 violations of global trade rules.
U.S. Trade Representative Robert Lighthizer said the WTO filing “could only lower U.S. confidence that Canada is committed to mutually beneficial trade”.
Any of the three countries can pull out of NAFTA if they give six months’ notice, but the agreement remains in effect.
Any of them can also rescind the withdrawal during that time period.
The sixth round of NAFTA negotiations are slated to begin Jan. 23 in Montreal.
At least 41 Palestinians were martyred by Israeli gunfire on Gaza border since March 30
Talks are expected to tackle the possibility of U.S. troop withdrawal from war-torn Syria
Plans to roll out an appeals process globally in coming months came as Facebook provided a first-ever look at internal standards used to decide what posts go too far in terms of hateful or threating speech.
John Bolton led Gatestone Institute from 2013 until he took his White House position earlier this month
Attack ‘not part of a wider plot and there is no threat to national security’, says public safety minister
That vote, scheduled to take place at about 5:00 pm (2100 GMT), would not end the nomination, but would put a negative recommendation in the hands of the closely-divided full Senate -- where his approval is not guaranteed.
The company said in a message to customers that the attack was detected on January 14, at a time when the app had 14 million users in the Middle East, North Africa, Pakistan and Turkey, according to the economic news website Arabian Business.
We hope everyone remains fully committed to implementation and long-term preservation, says UN under-secretary-general
Obama, who met with Mandela in 2005 and who made an emotional address at his funeral, will speak at the lecture marking 100 years since the anti-apartheid icon was born.
A total of 41 Gazans have been martyred by Israeli gunfire since March 30
On Thursday, Iraqi F-16 fighter jets struck ISIL positions in Syria
On Thursday, Iraqi F-16 fighter jets struck ISIL locations in neighboring Syria
Turkish Historical Society head cites research from past wars
Palestinian president stresses on 2-state solution to conflict, calls East Jerusalem capital
Israeli snipers have killed 39 protesters and injured thousands who posed no threat, says Swiss-based group