Extended NAFTA talks, U.S. tariff threats amplify trade uncertainty and complicate major investment deals - News Summed Up

Extended NAFTA talks, U.S. tariff threats amplify trade uncertainty and complicate major investment deals


NAFTA delays come as analysts warn of falling investment levels by Canadian businesses, further intensifying the pressure on Ottawa to close a deal. Meanwhile, NAFTA talks loom particularly large over two major potential transactions in Canada. But experts say Ottawa is unlikely to issue the order amid ongoing talks with the U.S., which has slapped its own duties on cheap inflows of steel. NAFTA negotiations could also cause delays in the $1.5-billion takeover of Canadian construction firm Aecon Group Inc. by a Chinese state-owned enterprise. But that progress reached an impasse on the latest round of talks, setting back overall negotiations, recent reports have said.


Source: National Post April 29, 2018 23:37 UTC



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