The second temporary exemption for Canada from steep new tariffs imposed by the United States on steel and aluminum imports expires on Friday and officials are facing down the ticking clock to find a solution. Attempts to renegotiate the North American Free Trade Agreement (NAFTA) are ongoing and it is not clear when a deal will be reached. According to a report in the Hill Times, a political goings-on newspaper, negotiators had a deal in hand earlier this year but when they presented the preliminary agreement to Trump, the president nixed it and sent negotiators back to the table with a new set of goals.
Just like last time, Foreign Affairs Minister Chrystia Freeland is hinting Canada will retaliate if US President Donald Trump does not renew the exemptions. She told reporters “The government is absolutely prepared to and will defend Canadian industries and Canadian jobs. We will respond appropriately.”
Source : CANADIAN PRESS
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