Investing.com -- Canada's Ambassador to the United States, Mark D. Wiseman, stated today that ongoing discussions with Washington regarding the US-Mexico-Canada free trade pact and tariffs have been productive and respectful.

Wiseman made the remarks during a fireside chat in Toronto, describing the talks as productive, serious, informed and respectful.

The ambassador added that conversations taking place behind the scenes are rational, collaborative and businesslike.

The comments come after U.S. President Donald Trump said on Wednesday that the U.S. might not renew the free trade deal. Trump claimed the country did not need anything from its North American counterparts.