Global Markets: Bilateral deals suggested as alternative to NAFTA

By Commodity News Service Canada
WINNIPEG, Oct. 12 (CNS Canada) – The following is a glance at the news moving markets in Canada and globally.

– The United States would be open to bilateral trade deals with either Canada or Mexico if an understanding on a revised three-way North American Free Trade Agreement cannot be reached, said U.S. President Donald Trump.

– United States President Donald Trump plans to enact an executive order that would make it easier for Americans to buy stripped down health insurance plans and circumvent rules established under Obamacare. The proposed changes could face legal challenges.
– Delta Air Lines says it will refuse to pay a 300 per cent tariff for importing 75 Canadian-made Bombardier jets into the United States, casting a shadow over the deal. The U.S. Department of Commerce imposed the tariff on the Canadian jet due to subsidies Bombardier receives from the Canadian and U.K. governments.

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