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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 Magna, others hear Trump facing resistance

2018-09-17 07:50 ET - In the News

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

The Globe and Mail reports in its Saturday, Sept. 15, edition that President Donald Trump is facing increasing resistance to his threat to move ahead with a two-way trade pact that leaves Canada out. The Globe's Steven Chase writes that Democrat Nancy Pelosi warned the Trump administration on Friday that the North American free-trade agreement should be maintained as a trilateral pact. Ms. Pelosi does not think it would be "in the interest of this hemisphere" to turn NAFTA into a bilateral trade agreement between the United States and Mexico. It is possible top-level NAFTA talks could resume as early as Tuesday between Canadian Foreign Affairs Minister Chrystia Freeland and U.S. Trade Representative Robert Lighthizer. That, however, has yet to be decided. The Trump administration has threatened to proceed without Canada and has set Sept. 30 as the deadline for the text of the proposed U.S.-Mexico agreement to be hammered out. Mexico is not resisting the Trump effort to cut out Canada. Democratic Senator Patrick Leahy has said a revised trade deal would not pass the Senate unless it included Canada, which he described as the United States' "greatest trading partner."

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