Canada, U.S. likely to hold informal NAFTA talks on sidelines of UN meeting, Trudeau says



Allison Lampert | Financial Post

U.S. and Canadian officials trying to reach a deal on NAFTA are “very likely” to hold informal talks on the sidelines of a major UN meeting in the next few days, Prime Minister Justin Trudeau said on Sunday. With time running out ahead of a U.S.-imposed deadline of the end of September, negotiators are making slow progress on updating the North American Free Trade Agreement. U.S. President Donald Trump struck a side deal on NAFTA with Mexico last month and has threatened to exclude Canada if necessary. He also said he might impose a 25 per cent tariff on Canadian autos exports, which would badly hurt Canada’s economy. Read more here