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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 Magna, others hear NAFTA "tweaks" likely

2017-02-15 07:07 ET - In the News

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

The Globe and Mail reports in its Wednesday edition that President Donald Trump's aim of "tweaking" the North American free-trade agreement suggests he will make small changes rather than start a full renegotiation. The Globe's Adrian Morrow writes that a complete overhaul of the pact would be an arduous process for Mr. Trump, stretching for years and requiring the sign-off of a Congress that could put several demands on the White House in exchange for its approval. Mr. Trump could instead opt for more limited agreements with Canada and Mexico on such things as labour standards or rules of origin -- allowing him to claim victory on his campaign promise to get better trade deals, while avoiding the political costs of a protracted NAFTA overhaul. The Trump administration, however, has laid out no specific plan on how it will proceed. A White House spokesman said Tuesday the administration has "no further comment on NAFTA at this time," when asked what Mr. Trump's next steps would be. Mr. Trump, however, may have tipped his hand Monday, when he said he would merely be "tweaking" trade arrangements with Canada and that he does not want to target Canada in the same way he does Mexico.

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