You are here: Home » Reuters » News
Business Standard

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

Reuters  |  LONDON, Ontario 

LONDON, (Reuters) - is increasingly convinced that U.S. will soon announce that the intends to pull out of the North American Free Agreement, two 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, and meet in late January for the sixth and penultimate round of talks to modernize the treaty.

The Canadian and Mexican currencies both weakened against the after the

The Canadian dollar fell to its weakest level this year at C2561 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 stock index <.MXX> was down about 1.7 percent.

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

Canadian officials say if Trump does announce a U.S. withdrawal, it could be a negotiating tactic designed to win concessions. They also express doubt whether the would approve such a move.

and have rejected most of the U.S. proposals for reforms, leaving officials with a big job if they are to bridge the large differences at the Jan. 23-28 talks in Negotiations are due to wrap up at the end of March.

(Reporting by David Ljunggren; Editing by Susan Thomas)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, January 11 2018. 01:28 IST