Canada-US deal possible, says Donald Trump after meeting Justin Trudeau

Canada-US deal possible, says Donald Trump after meeting Justin Trudeau

In a speech Tuesday in Mexico City, Thomas Donohue, president of the U.S. Chamber of Commerce, vowed: "We're going to fight like hell to protect the agreement".

Gary Hufbauer, senior fellow at the Peterson Institute for International Trade, says Trump "very likely" has the legal authority to withdraw from NAFTA on his own if talks collapse. Trudeau has said he is optimistic about the deal's fate but admitted there was room for improvement. Much as the death of NAFTA would deeply wound our country's economy, it would be in our long-term interest to pursue new world markets rather than submit to Trump's bullying and blackmail.

However, Trump continued to disparage the 23-year-old accord and promote the idea of bilateral trade deals.

Donald Trump campaigned on protectionism and blasted Mexicans throughout his campaign to become president. But what he wants — from requiring that more auto production be made-in-America to shifting more government contracts to USA companies — will likely be unacceptable to America's two NAFTA partners, Mexico and Canada. He's laid down hard demands that would be impossible for Mexico or Canada to accept. "So we'll see what happens with Nafta, but I've been opposed to Nafta for a long time, in terms of the fairness of Nafta". "There are several poison pill proposals still on the table that could doom the entire deal". We have lost so much of our auto business to Mexico.

Instead, companies may ship in more products from low-priced countries outside the region, paying USA tariffs ranging from 2.5 to 5.0 percent.

Trudeau said he believed the Nafta talks could still end in a "win, win, win".

An updated NAFTA must account for the digital economy, make progress on customs rules, beef up intellectual property protections and improve market access for US dairy producers, Brady said. "But for the love of God don't do any harm to something that has been so economically beneficial to states all across America".

Terminating the deal is one option he alluded to, and in the past Trump's said doing so would allow something completely new to be written.

The proposals call for North American content overall to rise to 85 percent from the current 62.5 percent.

"NAFTA has been a disaster for manufacturing in this country".

But US union leaders, including representatives at the AFL-CIO and the United Steelworkers, have expressed support for the deal's demise, a position shared by some Democrats. Levy said. "Or are they going to take this as a pretext and say: 'We tried negotiations; they failed".

In the negotitations, Canada is working for a better labour and environmental provisions.

But there is still some uncertainty whether Trump is deploying tough negotiating bluster or is seriously considering scuppering the agreement.

Trump's comments came at a White House meeting with Canadian Prime Minister Justin Trudeau, who was in Washington to promote NAFTA's benefits as a new round of renegotiations began near Washington.

People briefed on US proposals to be presented this week said Washington was seeking to sharply lift North American content threshold in vehicle manufacturing. "We have always understood that draining the swamp would be controversial in Washington".

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