06:26 AM EST, 03/06/2025 (MT Newswires) -- The Canadian and Mexican architects of the Canada-U.S.-Mexico Agreement say Donald Trump's trade war has crossed a line that essentially wipes out the continental trade pact, as experts suggest the president's actions are meant to rattle America's closest neighbours ahead of a mandatory review, The Canadian Press is reporting Thursday.

Canada's chief negotiator, Steve Verheul, and Mexico's chief negotiator, Ken Smith Ramos, said the devastating duties essentially suspend the Canada-U.S.-Mexico Agreement.

"With 25% tariffs, it blows a complete hole in the trade agreement," Verheul said Wednesday.

"It makes it virtually worthless to us. In fact, it leaves Canada and Mexico in a far worse position than any other country in the world practically."

(Market Chatter news is derived from conversations with market professionals globally, and/or from other media sources. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)