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West Fraser Timber Co Ltd
Symbol WFT
Shares Issued 73,902,078
Close 2018-06-14 C$ 86.13
Market Cap C$ 6,365,185,978
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Globe says Magna, others hear NAFTA talks to continue

2018-06-15 08:07 ET - In the News

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

The Globe and Mail reports in its Friday, June 15, edition that Foreign Affairs Minister Chrystia Freeland and the Trump administration's trade chief, Robert Lighthizer, have agreed to resume "intensive" North American free-trade agreement talks this summer as Canada looks for a way out of its trade war with the United States. A triple bylined item in The Globe reports that unnamed sources say the three countries have discussed compromise proposals to break logjams on automotive content rules and a sunset clause. Ms. Freeland met with Mr. Lighthizer for an hour on Thursday. She said later: "We spoke about a plan and a path forward for continuing our negotiations. We decided to continue our work in an intensive way over the summer." They have not yet set specific meeting dates. The Trump administration has insisted it will not lift tariffs on steel and aluminum it imposed at the start of this month until Canada and Mexico agree to a deal on NAFTA. Sources say the U.S. has held out the possibility of dropping the tariffs once Canada and Mexico agree to the Trump administration's NAFTA auto content demands, with the rest of the pact to be negotiated afterward.

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