US, Mexico ready to sign new NAFTA without Canada

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The Trade Representative is supposed to meet with Canadian Foreign Minister Chrystia Freeland sometime during the United Nations General Assembly meeting in NY, but an unnamed senior administration official said that chances of a last-minute deal are slim.

"His tariffs are too high and he doesn't seem to want to move, and I told him forget about it", Trump said.

Shortly after Trump's news conference, the Prime Minister's Office disputed the president's statement - insisting it did not request a meeting.

The two nations have been locked in negotiations for a year on a rewrite of the 25-year-old continental trade deal that Mr Trump blames for losses of United States jobs and industry. "That's the big one", Trump explained.

The U.S. and Canada are under pressure to reach a deal by the end of the month, when Lighthizer must make public the full text of the agreement with Mexico. "I think it's important to keep North America together, even if it takes more time" he said. "We don't like their representative very much", Trump said in an apparent reference to the Canadian foreign minister, Chrystia Freeland.

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"(Lighthizer) indicated there was no deal with Canada, but the hope is that Canada will come in later on, which I think is totally unacceptable.

As the relationship between Trump and Trudeau continues to worsen, it's unclear what this could mean for either economy or the trade relationship that connects thousands of companies in both countries. Tariffs are paid by importers of products, not foreign countries, and USA business executives have said they will probably be forced to pass these costs on to consumers.

The remarks by Trump, who repeated a threat to impose tariffs on Canadian autos, knocked the Canadian dollar down to a one-week low against the US greenback. "Canada would like to be in the agreement".

"Canadians, we're polite, we're reasonable, but we also will not be pushed around", Trudeau said at the time. "How do you sell a dairy product at 300 percent?" In response, Mexico slapped tariffs on $3 billion of U.S. goods, including steel, pork, apples, potatoes, bourbon and different types of cheese. I've never liked it, it's been very bad for the United States.

Canada, which sends 75 percent of its goods exports to the United States, is vulnerable. It's been great for Canada.

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