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Impact of New Lumber Tariffs on US Coal Export – 27th of April 2017

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The ban request on United States coal shipments in an open letter from Christy Clark to Prime Minister Justin Trudeau shows counteraction to the new US tariffs on softwood lumber. The tensions heated up after the increment on softwood lumber tariffs from Canada to the United States.

After President Trump addressed termination of NAFTA (North American Free Trade Agreement) agreement, some Canada and Mexico stocks plunged sharply. The attacks of President Trump on Canadian dairy pricing intensify the tension.

Renegotiation of NAFTA – 27th of April 2017

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Despite of previous address regarding NAFTA (North American Free Trade Agreement) termination, President Trump agreed to negotiate with President Peña Nieto and Prime Minister Justin Trudeau for a better and stronger agreement for all three countries.

The two-decade old agreement needs swift reconsideration by the three leaders to prevent the White House intention from withdrawing. Last week news revealed that the White House has prepared a draft to notify the United States withdraw from NAFTA. This Draft would give Canada and Mexico a six-month notice of exit from the agreement by United States.