Trump hosts Canada's Trudeau, presses NAFTA 'fairness'

U.S. President Donald Trump gives a thumbs up as he and first lady Melania Trump welcome Canadian Prime Minister Justin Trudeau and Mrs. GrÈgoire Trudeau at the White House in Washington U.S. October 11 2017. REUTERS  Jonathan Ernst

U.S. President Donald Trump gives a thumbs up as he and first lady Melania Trump welcome Canadian Prime Minister Justin Trudeau and Mrs. GrÈgoire Trudeau at the White House in Washington U.S. October 11 2017. REUTERS Jonathan Ernst

The fourth round of NAFTA negotiations began in Washington today.

The Amarillo Chamber of Commerce joined hundreds of other business groups nationwide in supporting the North American Free Trade Agreement.

Canada now plans to buy a package of used fighter jets instead of new Boeing planes, raising the stakes in a trade spat ahead of talks Wednesday between Prime Minister Justin Trudeau and President Donald Trump.

The White House insisted on Tuesday that Mr. Trump wanted to continue negotiating. -Mexican relations and affect bilateral cooperation in other areas. Meantime, Reed noted that much USA -made wine being brought into Canada is subject to a tax, whereas Canadian wine brought into the United States is not.

Videgaray spoke after Trump warned again that he would like to scrap the treaty that created one of the world's biggest trade blocs.

"I happen to think NAFTA will have to be terminated", Trump told Forbes magazine in an interview published Tuesday.

The challenge of deciphering Donald Trump's intentions for Nafta were on full display Wednesday in Washington.

But US and Mexican corporate CEOs gathered in Mexico City said they would be better off with no Nafta than be saddled with a "bad agreement".

Reed wants those issues to be addressed in current negotiations to update the 25-year-old trade agreement, which Trump says has grievously hurt US manufacturers. The Trump administration is demanding that change as well.

U.S. President Donald Trump and first lady Melania Trump welcome Canadian Prime Minister Justin Trudeau and Mrs. GrÈgoire Trudeau at the White House in Washington U.S. October 11 2017. REUTERS  Jonathan Ernst- HP1EDAB1DSV6V
U.S. President Donald Trump and first lady Melania Trump

Agriculture Secretary Sonny Perdue detailed some of the main issues with NAFTA, specifically where Canada is reaping more of the benefits than the U.S. "But let me be forceful and direct: There are several poison pill proposals still on the table that could doom the entire deal". "Every year, the USA ships more goods to Canada, than it does to China, Japan and the United Kingdom, combined". The officials have also suggested eliminating a key dispute resolution mechanism, much to the dismay of Canada.

"When North America wins, America wins and the American people win as well", Mr. Brady said.

Automakers in Mexico say excessive content requirements could do serious damage to the industry's competitiveness. "It has to be a lot more than some kind of technical revamp and I think that's going to be tough to get to". The automotive trade deficit with Mexico was $74 billion.

"It's the wrong focus and is impossible to achieve without crippling the economy", he said.

He says the US positions will continue to get more aggressive in round four on things like automotive rules-of-origin that are more stringent than in any other free-trade agreement in the world.

Mr. Trump said Canada shouldn't fear an end to NAFTA.

Mr. Trudeau, under pressure at home to maintain good ties with the country's largest trading partner, took the diplomatic route in public, telling reporters in the Oval Office the US and Canadian "have a good partnership and there are always ways to improve it".

"The president has strongly criticized this agreement for years". -Canada deal that would leave Mexico out in the cold. "Naturally they will defend this lopsided accord", US trade Representative Robert Lighthizer said on Tuesday. "We will do no less", he added.

Noticias recomendadas

We are pleased to provide this opportunity to share information, experiences and observations about what's in the news.
Some of the comments may be reprinted elsewhere in the site or in the newspaper.
Thank you for taking the time to offer your thoughts.