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.
Probe by Israeli rights group B'Tselem concludes that intentional fatal shot was fired at the Palestinian paramedic.
"I accept our intelligence community's conclusion that Russia's meddling in the 2016 election took place," Trump said
Here are five takeaways from the news conference that followed their first summit, in the Finnish capital Helsinki:
An abandoned mining town in California went on sale for $ 1.4 million
Roughly 80 percent of Iraq’s crude oil exports originate from oilfields in Basra province
Kerem Shalom is Gaza's only functioning commercial crossing
More than 130 Palestinians have been killed by Israeli fire since March
Resources strained as thousand crossing into Canada from US
American Civil Liberties Union granted request to halt deportations for one week after reunification
Trump declared that US-Russian relations have turned a corner after a summit with his Russian counterpart Vladimir Putin that he described as "open, direct and deeply productive".
Operation is aimed at restoring confidence after last year’s illegitimate poll on Kurdish regional independence
The U.S. State Department is negotiating a potential deal to sell Turkey the Raytheon Co Patriot missile defense system as an alternative to the Russian-made S-400 system Turkey has agreed to purchase, an official said on Monday.
ISIL still maintains a limited presence in northern and western Iraq
90 more migrants in critical condition found inside shipping containers
Obama arrived in his father's native Kenya on Sunday, where he paid courtesy calls on President Uhuru Kenyatta and main opposition leader Raila Odinga.