The Canadian foreign minister, Chrystia Freeland, has decided to join talks regarding NAFTA. She took this decision after the U.S. emerged out details about autos tariff. The U.S. President, Donald Trump has imposed 25 percent tariffs on Mexican auto parts and vehicles imports over certain volumes.

The decision is under consideration as of now. If it happened, then, the tariffs would be capped annually at 2.4 million vehicles. The duty-free exports of Mexican sport-vehicles and cars above that figure will be subjected to tariffs.

All the three countries: the United States, Mexico, and Canada are ready to hold productive talks this week to modernize their trilateral deal of North American Free Trade Agreement, the 24-year old agreement among them.

After a meeting with Robert Lighthizer, the U.S. Trade Representative, Freeland told these concessions are going to be fruitful for Canadian and American workers. She has another talk with Lighthizer today after she had one with Mexican officials last evening.

On Monday, Trump announced that if Canada would not cope up with revised trade terms, then it would be a bilateral deal between the U.S. and Mexico.

Now, Canada would be under pressure to accept all the terms that are going to be put forth after the U.S. and Mexico’ trade deal.

One of the points that the U.S. has proposed is to eliminate the chapter 19 about dispute resolution mechanism, which hinders the U.S. from cases like anti-subsidy or anti-dumping. Mexico has already agreed to do so. The other points include the extension of copyright protection from the term of 50 years to 75, which Canada has supported earlier.

The annual mutual trade between these three countries is of more than $1.2 trillion. The talks about negotiations have put pressure on the Canadian dollar and the Mexican peso.

If the deal does not work out with Canada, Trump is ready to proceed with the trade agreement with Mexico alone. So, the meeting is going to be today, that is Wednesday, regarding NAFTA.