Can Trump terminate NAFTA?

Can Trump terminate NAFTA?

Foreign Affairs Minister Chrystia Freeland is in high-stakes meetings with her US counterpart this morning in Washington as part of an accelerated search for areas of compromise to overhaul the North American Free Trade Agreement.

According to Reuters, Mexico's incoming trade negotiator told reporters in Washington that the US had softened its stance on the so-called sunset clause.

Trump also threatened Canada that if it can't reach a new trade deal, then he will slap it with devastating tariffs on automotive imports.

That means Canada could have as much as another 30 days to hammer out its part in the agreement, trade experts say.

Foreign Affairs Minister Chrystia Freeland, emerging Wednesday evening from her second meeting of the day with her USA counterpart, said officials would be working late into the night - and possibly all night - on potential "landing zones" where both parties can agree.

Canada plans to continue to negotiate, but would only sign a new agreement that is good for the country, a spokesman for Canadian Foreign Minister Chrystia Freeland said.

She was scheduled to meet later Tuesday with her Mexican counterpart, Economy Minister Ildefonso Guajardo.

Donald Trump has said that he could go ahead without Ottawa in the new agreement.

"I think the Canadian view on Chapter 19 is well known", Freeland told reporters late on Wednesday after a day of talks.

One of the issues for Canada in the revised deal is the USA effort to dump the Chapter 19 dispute resolution mechanism that hinders the United States from pursuing anti-dumping and anti-subsidy cases.

Huawei shows off 7nm Kirin 980 SoC
The company confirmed that the Kirin 980 SoC would power its new Mate-series smartphone , which is set to launch in October 2018. When a user attempts to snap a photo of a moving person, the ISP can still recognise the subject with 97.4 per cent accuracy.

The outlines of a NAFTA 2.0 are now on paper, including provisions on auto trade, tougher worker protections and a provision to review the deal every six years.

In 2016, Canada created the Class 7 pricing agreement that has essentially restricted US exports of ultra-filtered milk used to make dairy products. "But I think we'll give them a chance to probably have a separate deal".

However, US Treasury Secretary Steven Mnuchin said the administration was keen to get Canada on board quickly.

Bill Anderson, director of the University of Windsor's Cross Border Institute, says he's concerned about a condensed negotiation window now that key issues between the US and Mexico look to be settled, but that the wage provision would help Canada's sector.

Freeland is expected to travel to Washington for talks Tuesday, spokesman Adam Austen said.

The three countries are aiming to seal a trade pact by Friday to allow Mexican President Enrique Pena Nieto to sign it before he leaves office at the end of November.

Canada has been absent from the NAFTA bargaining table since trilateral talks paused last spring.

Freeland said the higher Mexican wages would result in "better conditions for working people in Canada and also in the United States in high wage countries". Freeland will arrive for talks, with Lighthizer wielding the deal he already has in hand with Mexico as new leverage.

"Admittedly, signs that the US administration is willing to negotiate and accept a compromise on trade will presumably be welcomed in China and Europe", said Oliver Jones, market economist, at Capital Economics in London. If we can help our neighbours, that's a good thing, not a bad thing. A fact sheet describing the bilateral agreement specified the content would be made in the United States and Mexico. Supply management is considered sacrosanct in Quebec and Ontario - Canada's two largest provinces, which mark the path to power for all political parties. Justin Trudeau's Liberal government considers it a red line, and has regularly said so, and it was a potential deal-breaker in U.S.

Related Articles

  • McCain returns to US Capitol one last time as colleagues say goodbye

    McCain returns to US Capitol one last time as colleagues say goodbye

    Larry Fitzgerald , a wide receiver for the Arizona Cardinals NFL team, described his perhaps unlikely friendship with McCain. Sinatra's My Way paid tribute to a politician who became known for following his own path based on his personal principles.
    Apple to unveil to new iPhone models!

    Apple to unveil to new iPhone models!

    If previous years are any indication, Apple's new iPhones could go on sale the following week, perhaps on September 21. The iPhone X cost an unheralded £999 when it arrived a year ago and smartphone prices are only going in one direction.
    Here's the first post-primary poll of Florida Governor race

    Here's the first post-primary poll of Florida Governor race

    The DeSantis campaign clarified that his comments were directed at Gillum's policies, not the candidate himself. Abrams, Gillum , and Jealous represent the more liberal wing of the Democratic Party, with backing from Sen.
  • 3rd hurricane of season in Atlantic predicted by Sunday

    3rd hurricane of season in Atlantic predicted by Sunday

    NHC officials said Friday morning that the weather system has a 90 percent chance of tropical development over the next two days. However, the weather service doesnt believe the tropical wave poses a threat to the region because its so disorganized.
    US ends funding of UN agency for Palestinian refugees

    US ends funding of UN agency for Palestinian refugees

    UNRWA was originally established to take care of hundreds of thousands of Palestinians displaced by the 1948 Arab-Israeli war. In January, the U.S. announced it would withhold more than half of a tranche of funding for the agency.
    Modric heads off Ronaldo and Messi

    Modric heads off Ronaldo and Messi

    The Real Madrid midfielder was crowned at the ceremony for the Champions League group stage draw on Thursday. UEFA pays 2.7 million euros ($3.2 million) per group-stage win and 900,000 euros ($1.05 million) for a draw.
  • Man Utd boss Mourinho pleased for Shaw: He's stronger physically and mentally

    Man Utd boss Mourinho pleased for Shaw: He's stronger physically and mentally

    He added that last season was "one of his greatest achievements" after leading his side to second place finish on the table. The quality of the managers I believe is when you get to that level, all the managers they are top, top managers".
    Updated Google 'Wear' OS coming with easy swipe feature

    Updated Google 'Wear' OS coming with easy swipe feature

    Next, Google Assistant surfaces contextually relevant information that you can easily access by swiping right on the watch face. Google just announced a Wear OS redesign that dramatically alters the way the operating system looks and functions.
    Arsenal urged to sell

    Arsenal urged to sell "luxury" Mesut Ozil

    Arsenal will look to build on their win over West Ham when they take on Cardiff at the Cardiff City Stadium on Sunday afternoon. Michael Owen has poured cold water on talk of Arsenal finishing in the Premier League's top four this season.
  • Raiders Agree To Trade Khalil Mack To Chicago Bears

    Raiders Agree To Trade Khalil Mack To Chicago Bears

    The Raiders will acquire at least two first-round picks in a trade that is not yet official, according to NFL Network . Last season, though, his 10.5 sacks were his fewest since his rookie year, and he was not named to the All-Pro team.
    Champions League draw - group-by-group verdict on who will qualify

    Champions League draw - group-by-group verdict on who will qualify

    The group stage will provide an early challenge, with Paris Saint-Germain, Napoli and Red Star Belgrade the opposition in Group C. Lokomotiv Moscow, seeded in the top pot as Russia's champion, will play Porto, Schalke and Galatasaray in Group D .
    Hawaii residents hit by floods from Hurricane Lane as new storm forms

    Hawaii residents hit by floods from Hurricane Lane as new storm forms

    The official death toll is more than 546, according to Haiti's Civil Protection Service, but that number is expected to rise. The 10 AM CST Advisory had wind speeds clocked at 65 miles per hour and a minimum pressure of 994 millibars.