Economics
Clear Path Ahead for U.S.-Mexico-Canada Trade Deal, Morneau Says
- President Trump lifting tariff threat against Mexico helps
- Canadian Finance Minister Morneau speaks on sidelines of G-20
Bill Morneau during an interview on the sidelines of the Group of 20 (G-20) meetings in Fukuoka, Japan, June 9.
Photographer: Kiyoshi Ota/BloombergThis article is for subscribers only.
U.S. President Donald Trump’s decision not to slap tariffs on Mexico over migration clears the path for the U.S.-Mexico-Canada trade agreement to move forward, said Canadian Finance Minister Bill Morneau.
The removal of that uncertainty and the U.S. cancellation of steel and aluminum tariffs on Canada have pushed the joint deal toward ratification, he said. Less clear is what’s ahead for world trade, and how any additional tariffs -- or threats of them -- will impact Canada and the global economy.