Canada and U.S. both stand to lose financially, Morneau says

U.S. President Donald Trump says he would only relieve Canada from the tariffs he has been threatening on steel and aluminum if a "new and fair" North American Free Trade Agreement is signed.

The president took to Twitter on Monday to reiterate his views that NAFTA, which is undergoing contentious renegotiations, is a job loser for the United States.

"We have large trade deficits with Mexico and Canada," he tweeted Monday morning. "Tariffs on steel and aluminum will only come off if new [and] fair NAFTA agreement is signed."

This was excerpted from the 5 March 2018 edition of CBC News.