Global Markets: Trudeau calls for U.S. flexibility on NAFTA

By Commodity News Service
Sept. 19 (CNS Canada) – The following is a glance at the
news moving markets in Canada and globally.
Prime Minister Justin Trudeau said the United States must
show flexibility if the two sides are to reach a deal on a
renegotiated North American Free Trade Agreement by Oct. 1.
Canadian Foreign Minister Chrystia Freeland continues to meet
with U.S. Trade Representative Robert Lighthizer with the two
sides still far apart on the issues of Canada’s supply managed

dairy industry and a dispute settlement mechanism.
France and Germany are sounding pessimistic over an
agreement with the United Kingdom over Brexit following a summit
in Austria. British Prime Minister Theresa May told European
Union leaders that the U.K. will move forward and leave the EU
next March. No second referendum and no deadline extensions are
forthcoming. The U.K. pound sterling posted two-month highs
following the news.
U.S. President Donald Trump plans to name Nellie Liang to
the Federal Reserve’s board of governors. Liang is a former Fed
economist and has previously worked with Fed chair Jerome
China’s commerce ministry said it hopes the U.S. will take
steps to correct its behaviour on trade, following new rounds of
tariffs brought in by both countries. China added import tariffs
to US$60 billion worth of American goods, in retaliation for the
U.S. imposition of tariffs on US$200 billion worth of Chinese
imports earlier this week, which are slated to take effect Sep.

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