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Wall Street drops on Trump's threats of govt shutdown, scrapping Nafta

Trump may end free trade with Canada, Mexico and aim to revamp the Nafta by early 2018


US stocks opened sharply lower on Wednesday, giving back some gains from a day earlier after President Donald Trump warned of a government shutdown to build the Mexico border wall and also threatened to scrap a trade agreement with Mexico and Canada. "If we have to close down our government, we're building that wall," Trump said at a rally in Phoenix, Arizona on Tuesday evening. The comments came as lawmakers face a late-September deadline to raise the US debt ceiling or risk a default, and hours after a lawmaker said there was "zero chance" of the US not ...

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First Published: Wed, August 23 2017. 20:29 IST