WASHINGTON (Sputnik) — According to the release, the Trump administration's stance on trade with Canada remains unclear.
"Whether the new administration will view trade with Canada in the same terms as trade with Mexico, which Trump had threatened with large import tariffs during his presidential campaign, is not clear."
Trump’s criticism of the North American Free Trade Agreement (NAFTA) during the presidential campaign centered on US companies moving factories to Mexico.
The Canadian government has indicated a willingness to discuss renegotiation, citing potential benefits for Canada in such a review, according to Fitch.
Like the United States, Canada has also seen some manufacturing move to Mexico under NAFTA.
Nevertheless, Fitch warned that lengthy renegotiation would create uncertainty and may delay investment in new export capacity that would improve Canada's export performance.
