Canada's Prime Minister Justin Trudeau has adopted a "no deal is better than a bad deal" approach as Canada renogotiates the NAFTA free trade pact with the US amid protectionist demands by the Trump administration.
Since Donald Trump has made narrowing the American trade gap the signature issue of his presidency, he may not like the recent figures that show the deficit to be widening again, especially with China and Mexico.
The decision in favor of Montreal-based Bombardier plane manufacturer also blocks US President Trump from slapping a 292 percent tariff on the C Series imports. The row threatened to escalate trade tension with the UK.
The EU and Mexico have had a free trade agreement for 17 years, but have been negotiating a new one for the past 18 months. Following the most recent round of talks, hopes are high that a deal can be concluded next week.
Representatives of the 164 WTO member countries are in Buenos Aires for their biennial meeting. The odds of a breakthrough look grim against the backdrop of Donald Trump's 'America First' policy and discord over China.
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