America will suffer without a new NAFTA, top Canadian official says



Ben White | Politico

If Congress does not approve the renegotiated U.S-Mexico-Canada free trade deal, Americans will feel serious pain, a top Canadian official says.

“We think the right conclusion is for the deal to be ratified,” said Bill Morneau, Canada’s finance minister, on the latest edition of the POLITICO Money podcast. “There are about 9 million American jobs that rely on trade with Canada. There’s almost a $700 billion trade relationship between the two countries, so $2 billion per day or so going back and forth. Any disruptions around those jobs or any disruptions around that trade are by definition not positive — not positive for Americans and not positive for Canada.“

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