Global Markets: Trump sending mixed signals about tariff exemptions

By Commodity News Service Canada
WINNIPEG, Mar. 5, 2018 (CNS) – The following is a glance at the
news moving markets in Canada and globally.
United States President Donald Trump appeared to suggest
Monday that Canada and Mexico could win exemptions on his
planned steel and aluminum tariffs if the two countries sign a
new North American Free Trade Agreement and take other steps.
The comments were made as the U.S., Canada and Mexico were
wrapping up the latest rounds of NAFTA talks and as world stock

markets dipped again.
However a top trade advisor to Trump said a process will be
in place for businesses to get exemptions from the steel and
aluminum tariffs. Peter Navarro, director of the White House
National Trade Council, said countries will not be excluded from
the tariffs because that would become a slippery slope, but
there will be a mechanism for corporate exemptions in some
Mexico’s foreign minister said Monday that dealing with
drug trafficking is a shared responsibility between the U.S. and
Mexico after criticism by Trump. Luis Videgaray, who oversees
foreign relations for Mexico, wrote in a post on Twitter that
the U.S. and Mexico must work together to stem the flow of
narcotics and weapons between the countries.

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