Trump adviser: Canada has ‘very special status’
A head of one of US President Trump’s business advisory council said (Jan 23) that Canada has a “very special status” and is unlikely to be hit hard by changes the United States wants to make to the NAFTA trade accord.
Stephen Schwarzman made his remarks after addressing Canadian Prime Minister Justin Trudeau and his cabinet. Trump wants to renegotiate the North American Free Trade Agreement. Canada sends about 75 percent of its exports to its southern neighbor.
“Canada finds itself, frankly, in a really very special status,” Schwarzman told reporters after addressing cabinet.
U.S. officials say Trump is more focused on large U.S. trade deficits with countries such as China and Mexico, the third signatory of NAFTA. Senior U.S. and Mexico officials will meet this week to discuss trade, security and immigration. Mexican President Enrique Pena Nieto and Trump will meet at the end of January.
On Monday, Trump said that he plans to renegotiate NAFTA “at the appropriate time.”