11.6 C
New York
Monday, December 6, 2021

Mnuchin says trade deal with Canada possible this week: CNBC

Mnuchin says trade deal with Canada possible this week: CNBC© Reuters. U.S. Treasury Secretary Mnuchin walks toward a group of reporters at the White House in Washington

WASHINGTON (Reuters) – U.S. Treasury Secretary Steve Mnuchin said on Tuesday he believed the United States can reach a trade deal with Canada this week after coming to an agreement with Mexico.

“I think our objective is to try to get Canada aboard quickly,” Mnuchin said in an interview with CNBC.

He said he thought an agreement could be wrapped up this week.

The United States and Mexico agreed on Monday to overhaul the North American Free Trade Agreement (NAFTA), putting pressure on Canada to agree to new terms on auto trade and dispute-settlement rules to remain part of the three-nation pact.

Mnuchin would not speculate on which issues might be problematic in the Canada talks but said he did not anticipate there would be a lot of sticking points.

“The U.S. market and the Canadian markets are very intertwined,” he said. “It’s important for them to get this deal and it’s important for us to get this deal.”

If a deal is not reached with Canada, Mnuchin said, the United States would proceed with a separate trade agreement with Mexico. He said he believed Congress would approve a separate deal.

If talks with Canada are not wrapped up by the end of this week, Trump plans to notify Congress that he has reached a deal with Mexico, U.S. Trade Representative Robert Lighthizer told reporters on Monday.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Source: Investing.com

Related Articles

Stay Connected

10,927FansLike
12,893FollowersFollow
751FollowersFollow
- Advertisement -

Latest Articles

Popular Articles