Canadian PM Rejects US Proposal for Bilateral Trade Deal Amid Tariffs Row

© AP Photo / Pablo Martinez MonsivaisPresident Donald Trump and Canadian Prime Minister Justin Trudeau participate in a joint news conference in the East Room of the White House in Washington, Monday, Feb. 13, 2017.
President Donald Trump and Canadian Prime Minister Justin Trudeau participate in a joint news conference in the East Room of the White House in Washington, Monday, Feb. 13, 2017. - Sputnik International
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Canadian Prime Minister Justin Trudeau declined a US proposal on Wednesday to scrap the North American Free Trade Agreement and sign a bilateral trade pact.

"We have, on various occasions, heard the president speak about his interest or his musings about a bilateral deal instead of the trilateral NAFTA that we have," Canadian Prime Minister Justin Trudeau stated. "

Commenting on the recently introduced US tariffs on steel and aluminum later in the day, Canada's Trade Minister Francois Philippe Champagne called it the attack on the world economic order.

"What we are seeing is that the world economic order is under pressure, under attack," Champagne stated.

A similar position on the trade row with the US was voiced earlier by Mexican Economy Minister Ildefonso Guajardo, who stated that his country sees NAFTA as a more beneficial option for all sides.

READ MORE: Canada 'Insulted' by the US Viewing It as Threat to National Security - Trudeau

The World Bank Group building is seen at the start of the Annual Fall meetings of the International Monetary Fund (IMF) and World Bank on October 10, 2008 in Washington, DC. - Sputnik International
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The statements follow Trump's economic adviser Larry Kudlow's interview with Fox News, during which he revealed that the US president was looking into signing separate bilateral agreements with Canada and Mexico instead of preserving NAFTA. The official underlined that Trump was especially interested in reaching such an agreement with Ottawa.

READ MORE: Trump Wants Bilateral Deal With Ottawa Instead of NAFTA - White House

Trade Row With the US

The situation around the future of the NAFTA deal became uncertain after US President Donald Trump announced the introduction of 25% import tariffs on steel and 10% tariffs on aluminum for many countries, including its allies, in a bid to "fix the trade balance." Canada, Mexico and European countries were temporarily relieved of the measure, but when the deadline arrived, Trump decided not to prolong the relief.

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