LONDON, Ontario (Reuters) – Canada is increasingly convinced that President Donald Trump will soon announce the United States intends to pull out of NAFTA, two government sources said on Wednesday, sending the Canadian and Mexican currencies lower and hurting stocks.
The comments cast further doubt on prospects for talks to modernize the trilateral North American Free Trade Agreement (NAFTA), which Trump has repeatedly threatened to abandon unless major changes are made.
Negotiators are due to meet in Montreal this month for the sixth of seven planned rounds of talks with major differences remaining between the United States on one side and Mexico and Canada on the other. The talks are scheduled to wrap up by the end of March.
“The government is increasingly sure about this … it is now planning for Trump to announce a withdrawal,” said one of the sources, who asked to remain anonymous because of …
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