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Resolute Forest Products Inc
Symbol RFP
Shares Issued 90,450,950
Close 2018-09-14 C$ 19.37
Market Cap C$ 1,752,034,902
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Globe says Martinrea, others see NAFTA talks bog down

2018-09-14 07:44 ET - In the News

See In the News (C-MRE) Martinrea International Inc

The Globe and Mail reports in its Friday, Sept. 14, edition that President Donald Trump says he wants to rename NAFTA the "USMC" -- for U.S., Mexico, Canada -- and is threatening to cut out the Canadians and drop the "C" from the agreement's name if Ottawa does not offer significant concessions in deadlocked talks. The Globe's Steven Chase writes that Mr. Trump's latest effort to goad Canada into cutting a deal comes as talks remain stalemated over United States access to Canada's heavily protected dairy market and the future of the binding Chapter 19 appeal process for companies hit by anti-dumping or countervailing duties. Trade lawyer Matthew Kronby says the talks remain "miles apart" on Chapter 19 and that both sides are also unable to agree on rules that will govern access to government procurement markets and the Chapter 20 dispute-resolution system. Mr. Kronby says the North American free-trade agreement talks seem "to be coming down to a kind of game of chicken." He says, "It doesn't look like any part of this negotiation is about win-win -- it's entirely about extracting concessions from Canada and Mexico under duress." The U.S. and Mexico cut a deal in principle in August without Canada.

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