07:17:40 EDT Fri 29 Mar 2024
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West Fraser Timber Co Ltd
Symbol WFT
Shares Issued 75,600,215
Close 2018-04-02 C$ 83.45
Market Cap C$ 6,308,837,942
Recent Sedar Documents

Globe says Magna, others see U.S. aim to finalize NAFTA

2018-04-03 08:47 ET - In the News

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

The Globe and Mail reports in its Tuesday, April 3, edition that the Trump administration is pressing Canada and Mexico for a swift deal on the North American free-trade agreement in a bid to make trade peace with U.S. allies so it can focus on the rapidly escalating trade war with China. The Globe's Adrian Morrow writes that President Donald Trump himself, however, is threatening to terminate NAFTA if Mexico does not do more to stop the flow of people and drugs across its border to the United States. The mixed messages from the White House come as Beijing confirmed plans on Monday for tariffs on $3-billion worth of U.S. goods. The levies are retaliation for Mr. Trump's decision to put tariffs on steel and aluminum and his plans for further levies against $60-billion worth of Chinese goods. Markets shuddered, with the Dow Jones Industrial Average dropping 1.9 per cent. With the fight against Beijing heating up, Washington has been eager to make peace on other trade fronts -- a bid, unnamed sources say, to clear the decks so the administration can focus its efforts on its top trade adversary. U.S. Trade Representative Robert Lighthizer said last month he wanted to conclude NAFTA talks within six weeks.

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