Canada is seeking an exemption to new U.S. trade restrictions on aluminum and steel, and is vowing to retaliate if it's slapped with any new tariffs.
Prime Minister Justin Trudeau called the proposal "absolutely unacceptable," echoing the phrase used by Foreign Affairs Minister Chrystia Freeland yesterday.
Ministers from the United States, Canada and Mexico meet on Monday to wrap up the latest round of NAFTA talks under the shadow of U.S. President Donald Trump’s proposed steep tariffs on steel and aluminum imports.
Canada and U.S. both stand to lose financially, Morneau says
U.S. President Donald Trump says he would only relieve Canada from the tariffs he has been threatening on steel and aluminum if a "new and fair" North American Free Trade Agreement is signed.
Canadian and Indian companies have signed 66 new contracts worth $1 billion in total in a deal expected to create 5,800 jobs in Canada.
Prime Minister Justin Trudeau made the announcement Tuesday in front of an audience at the Canada-India Business Forum.
The final version of a landmark deal aimed at cutting trade barriers in some of the Asia-Pacific's fastest-growing economies was released on Wednesday, signalling the pact was a step closer to reality even without its star member the United States.
