Trump calls for a fair trade deal with Canada

Will Trump's NAFTA Deal Benefit Automakers

Will Trump's NAFTA Deal Benefit Automakers

Data released on Wednesday showed the USA trade deficit hit a five-month high of $50 billion.

NAFTA came into effect in 1994, a successor to the Canada-United States Free Trade Agreement.

"The hardest part of this negotiation [to preserve NAFTA as a three-party deal] will be [US Trade Representative Robert] Lighthizer going to Mr. Trump and saying ... we haven't delivered a one-sided crushing defeat for Canada, what we've got is an agreement that is good for all parties", says Gordon Ritchie, a former Canadian ambassador for trade negotiations.

Canada and the United States a year ago traded US$673 billion in goods and services or US$1.3 million per minute, according to USA official data.

The existing North American Free Trade Agreement between the U.S., Mexico, and Canada includes a cultural exemption clause, which gives the NAFTA countries special rights to put in place protecting cultural goods and services. Without Canada, Republican lawmakers would be likely to scuttle any new NAFTA pact, The NYT report said. The president also said the USA would be fine if a deal can't be reached with its northern neighbour.

Speaking in July as G7 chair at the closing press conference of the Charlevoix Summit, Trudeau responded to a question about bilateral relations with the US fulsomely: Canada was not going to be pushed around by Washington.

Canada and the U.S. need to present an agreed-upon text to the U.S. Congress by October 1 in order to join the deal the Trump administration has signed with Mexico. "And we know we have a president who doesn't always follow the rules as they're laid out", Trudeau said.

The North American auto industry is a sum of parts made and assembled in Mexico, the US and Canada.

Parkland victim's dad says Kavanaugh 'turned his back' on him
Her exit was followed by that of two other women, according to another video shared by another activist, Fox News reported. Grassley is chairing the confirmation hearing later Tuesday for President Donald Trump's pick for the Supreme Court.

Some US labor advocates who embraced Trump's longtime characterization of NAFTA as "the worst trade deal ever" are lauding the president for championing US workers in the NAFTA rewrite.

Lawrence Herman, an worldwide trade counsel, said it prevents USA takeovers, restricts US ownership and ensures Canadian artists - such as authors, actors and musicians - get certain preferences.

Comments on Kentucky Medicaid changes largely negative Cohen draws fresh scrutiny from key Senate panel MORE (D-Ore.), the ranking member of the Senate Finance Committee, which oversees trade, said this week that the president can't unilaterally withdraw from NAFTA, a move Trump has repeatedly threatened to make. But they have also bogged down over sensitive issues related to Canada's highly protected dairy sector and the Trump administration's zeal to eliminate a dispute-resolution mechanism that Ottawa regards as crucial.

Trudeau on Wednesday insisted that Canada would work to maintain a dispute settlement process in the deal, provisions that the USA prefers to ditch.

The prime minister also said his government won't sign an updated free trade accord with the USA and Mexico if the deal doesn't continue exemptions for Canada's cultural industries, which aims to protect Canada's publishing and broadcast industries.

"It is inconceivable to Canadians that an American network might buy Canadian media affiliates, whether it's newspapers or TV stations or TV networks". It also wants to end the dispute arbitration panels, something Canada has used to defend its lumber exports to the USA, which industry here says competes unfairly with domestic forestry.

The president told Congress he wants to sign a new NAFTA- even if it's only with Mexico- before the end of the year.

"We need to keep the Chapter 19 dispute resolution because that ensures that the rules are actually followed".

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