10:27:20 EDT Sat 20 Apr 2024
Enter Symbol
or Name
USA
CA



Resolute Forest Products Inc
Symbol RFP
Shares Issued 90,450,950
Close 2018-09-10 C$ 19.02
Market Cap C$ 1,720,377,069
Recent Sedar Documents

Globe says Magna, others hear tariffs are the big fear

2018-09-11 08:13 ET - In the News

See In the News (C-MG) Magna International Inc

The Globe and Mail wonders what a bad North American free-trade agreement deal would be like in its Tuesday, Sept. 11, edition. The Globe's Campbell Clark writes that if there is no deal, President Donald Trump might tear up the existing free-trade agreement. However, Mr. Clark believes the more fearsome danger comes from punishing tariffs. Toronto trade lawyer Mark Warner says that danger is bigger than any of the issues left on the table at the NAFTA negotiations. Much of the talk emanating from negotiations has focused on late disputes and Mr. Trump's demand for concessions on Canada's dairy protections. There is also the question of whether any new deal will provide lasting trade peace. Former federal Canadian trade official Matthew Kronby says: "If you don't discipline the subsequent use of Section 232, all you're doing is giving in to a bully. And you're setting yourself up to be bullied again." It would obviously be better for Canada to gain a complete exemption from Section 232 tariffs, but Mr. Warner argues that is just not going to happen. Mr. Trudeau's government is admittedly playing defence, notably trying to dilute five "poison-pill" demands the U.S. put on the table last year.

© 2024 Canjex Publishing Ltd. All rights reserved.