Canada Raises Alarm on Trump Leaving Nafta
- Loonie, peso fall ahead of next round of talks in Montreal
- U.S. bristles after Canada escalates trade fight at WTO
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Canadian government officials said there’s an increasing likelihood U.S. President Donald Trump will give six-months’ notice to withdraw from Nafta, dragging down the loonie, yields on government bonds and Mexico’s peso.
The officials, speaking Wednesday on condition they not be identified, declined to say whether they think the odds of Trump following through on repeated threats to quit the pact now exceed 50 percent. A White House official, speaking on background, said there hasn’t been any change in the president’s position on the North American Free Trade Agreement.