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.
US continues to be supportive of addressing Turkey’s legitimate security concerns, says State Department’s spokeswoman
Terror organization shares images of its ‘child warriors’ in propaganda videos
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After a low-key campaign, opinion polls put the conservative in the lead as he claims credit for the island's economic recovery since its debilitating financial crisis of 2013.
‘US does not provide any support to PKK, a US-designated foreign terrorist organization,’ says Pentagon spokesman
Turkish Cypriots stand with motherland Turkey and Turkish soldiers at heart, PM Ozgurgun tweets.
The campaign named 'Dignity is Priceless' aims to attract new donors for Palestinian refugees
Last week, Israeli authorities refused a request to release Attallah from prison
The move came as Israel extended detention of 16-year-old girl Ahed al-Tamimi
‘We do not have people operating in Afrin, so that does not have a direct effect on what we are doing’, spokesman says
Arguments in case expected in April, final ruling expected by June
Sergey Lavrov, Ayman Safadi meet in New York, according to Russian Foreign Ministry statement
Police confirm detention of Turks without providing reason for move
Congress fails to reach agreement on short-term stopgap funding
Xi's eponymous "thought" was already enshrined in the Communist Party constitution at the 19th Party Congress in October, elevating him to the same status as modern China's founder Mao Zedong.
Separate roadside bombings in both provinces left three civilians dead, say security sources