03:23:03 EDT Thu 18 Apr 2024
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West Fraser Timber Co Ltd
Symbol WFT
Shares Issued 75,882,056
Close 2017-02-14 C$ 53.20
Market Cap C$ 4,036,925,379
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Globe says Martinrea, others await Trump NAFTA "tweaks"

2017-02-14 08:02 ET - In the News

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

The Globe and Mail reports in its Tuesday, Feb. 14, edition that as Prime Minister Justin Trudeau prepares to renegotiate the North American free-trade agreement, he still cannot be certain how much of an economic bruising Canadians will face under President Donald Trump or a Republican Congress. An unbylined item in The Globe reports Mr. Trump said Monday the United States will only "tweak" trade ties with Canada. The Globe says Mr. Trump's America-first trade policy has the potential to embolden protectionism within Congress as well as empire building among U.S. government departments. The Globe notes few Canadians alive have experienced a serious trade conflict with Americans. Canada has relatively little leverage when confronting a hostile trade action. It has potential allies -- U.S. governors of border states and American chief executives who conduct significant business with Canada -- but only selective leverage over the United States, and few, if any, ace cards. Trade experts say, however, that if Canada is backed into a corner by U.S. measures to restrict or block shipments to that country, it must only threaten retaliation if it is prepared to deliver.

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