Trudeau rejects US proposal on bilateral trade

Canadian Prime Minister Justin Trudeau turned down the United States' (US) proposal to scrap the North American Free Trade Agreement (NAFTA) and signed a bilateral trade pact on Wednesday.

"We have, on various occasions, heard the president speak about his interest or his musings about a bilateral deal instead of the trilateral NAFTA that we have," Sputnik quoted Trudeau as saying.

Canada's Trade Minister Francois Philippe Champagne called the recently introduced US tariffs on steel and aluminum "an attack on the world economic order."

In April, Trudeau praised the United States, Canada and Mexico for handling the NAFTA in a significant manner.

Earlier, US President Donald Trump said that if the revised NAFTA deal gets signed, he shall drop the newly-imposed 25 percent tariffs on the aluminum and steel products.

 

NAFTA is an agreement signed by Canada, Mexico, and the United States, creating a trilateral trade bloc in North America, which came into force on January 1, 1994.

The revised NAFTA deal is set to impact the intellectual property of the US and the trade exports between US and Mexico among other trade policies.