Global Markets: Trudeau optimistic about NAFTA negotiations

By Commodity News Service Canada
WINNIPEG, March 15, 2018 (CNS) – The following is a glance at
the news moving markets in Canada and globally.
Prime Minister Justin Trudeau said on Wednesday he is “very
optimistic” for a successful result for Canada, the United
States and Mexico as they renegotiate the North American Free
Trade Agreement (NAFTA). Speaking in a Bloomberg TV interview in
Regina, Sask. Trudeau said there was an “eminently achievable
win-win-win” result available, and that NAFTA has been good for
all three countries.

U.S. President Donald Trump boasted in a fundraising speech
in Missouri Wednesday that he made up facts about trade in a
meeting with Trudeau, according to a recording of the comments
obtained by The Washington Post. In the Post story Trump said he
had insisted to Trudeau that the U.S. runs a trade deficit with
its neighbor to the north. Trudeau then insisted that wasn’t the
case and Trump replied, “Wrong, Justin, you do.” Trump then
admitted during the Missouri speech that he actually had no idea
if this was true.
Trump’s new top economic advisor loves trade with Canada
but calls Trudeau a ‘crazy lefty.’ Former Wall Street analyst
and current cable-television personality, Larry Kudlow, was
named the new director of the White House National Economic
Council Wednesday. Trump had said he wanted someone whose views
would clash with his own nationalist impulses, which is what
Kudlow will do. Kudlow has been scathingly critical of
protectionist moves like steel tariffs.

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