CANADA POLITICS: US Creates More Tensions in NAFTA Talks

CANADA POLITICS: US Creates More Tensions in NAFTA Talks

The Trump administration says the clause, causing NAFTA to expire every five years unless all three countries agree it should continue, is to ensure the pact stays up to date. But Mexico and Canada insist there is no point updating the pact with such a threat hanging over it, arguing the clause would stunt investment by sowing too much uncertainty about the future of the agreement. The head of Unifor, Canada’s largest private sector labor union, said it was clear the United States did not want a deal.

“NAFTA is not going anywhere. This thing is going into the toilet,” Jerry Dias told reporters on Thursday.

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CANADA POLITICS: Negotiators Weigh NAFTA Progress as Canada Fumes Over Bombardier

CANADA POLITICS: Negotiators Weigh NAFTA Progress as Canada Fumes Over Bombardier

“This is an unjust, punitive ruling,” Canadian Foreign Minister Chrystia Freeland told reporters before the dinner, reiterating comments by Canadian Prime Minister Justin Trudeau. “The government of Canada cannot treat, as a trusted partner, a company which is attacking our aerospace sector,” she said.

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CANADA POLITICS: Canada Unlikely to Walk Away from NAFTA

CANADA POLITICS: Canada Unlikely to Walk Away from NAFTA

Since NAFTA came into force in 1994, supply chains have become so integrated that borders barely exist, especially for key sectors such as the auto industry.

“Is this the most important trade agreement for Canada? Damn right it is,” said Dennis Darby, president and CEO of the Canadian Manufacturers and Exporters, adding that dismantling the deal would be like trying to “unwind a clock”.

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CANADA POLITICS: US Will ‘Probably’ End NAFTA: Donald Trump

CANADA POLITICS: US Will ‘Probably’ End NAFTA: Donald Trump

U.S. President Donald Trump has already threatened earlier this year to end NAFTA. At the time Foreign Affairs Minister Chrystia Freeland’s office said “heated rhetoric” is common in trade negotiations, her officials had little to add in response to Trump’s Sunday tweet.

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MEXICO POLITICS: Mexico, Canada Dismiss Trump Threats to Scrap NAFTA Trade Pact

MEXICO POLITICS: Mexico, Canada Dismiss Trump Threats to Scrap NAFTA Trade Pact

Mexican Foreign Minister Luis Videgaray sought to brush off Trump’s threat, saying his remarks were simply a tactic and Mexico would keep negotiating. The comments were not a surprise, nor would they scare Mexico, he added.

“He’s negotiating in his own particular style,” he told local television.

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CANADA POLITICS: Canada Suggests it Could Quit NAFTA Talks

CANADA POLITICS: Canada Suggests it Could Quit NAFTA Talks

“Canada will uphold and preserve the elements in NAFTA that Canadians deem key to our national interest – including a process to ensure anti-dumping and countervailing duties are only applied fairly when truly warranted,” Foreign Minister Chrystia Freeland said in a speech at the University of Ottawa.

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MEXICO POLITICS: Thousands of Mexicans Protest Against NAFTA

MEXICO POLITICS: Thousands of Mexicans Protest Against NAFTA

The protesters, who numbered up to 10,000 people, took to the streets in Mexico City, saying the trilateral trade deal was ruining Mexican farmers’ and workers’ livelihoods. President Enrique Peña Nieto, the protesters said, has broken the promises he had made to the farmers and workers in regard to land and labor reforms. The protest comes as NAFTA re-negotiations are scheduled to take place from August 16 to 20 in Washington.

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CANADA POLITICS: Trudeau ‘Very Hopeful’ of Getting US Softwood Lumber Deal

CANADA POLITICS: Trudeau ‘Very Hopeful’ of Getting US Softwood Lumber Deal

Canadian Prime Minister Justin Trudeau said: “As we embark on the NAFTA renegotiations and improvements, people know that this is one that we need to make sure that we are settling right.”

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CANADA POLITICS: Scheer Rebukes Trudeau For ‘Mishandling’ NAFTA File

CANADA POLITICS: Scheer Rebukes Trudeau For ‘Mishandling’ NAFTA File

“I’ve always been worried about Justin Trudeau’s attitude towards trade,” said Conservative Party Leader Andrew Scheer.

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CANADA POLITICS: 5 Contentious NAFTA Issues to Create Friction Between Canada, US

CANADA POLITICS: 5 Contentious NAFTA Issues to Create Friction Between Canada, US

The U.S. wants Canada to allow a whopping increase in the value of goods American companies can send into Canada without paying an import tax.

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MEXICO POLITICS: Mexico Presses Trump to Uphold NAFTA Trade Deal

MEXICO POLITICS: Mexico Presses Trump to Uphold NAFTA Trade Deal

U.S.-Mexican trade relations have been strained by Trump’s repeated vow to scrap the North American Free Trade Agreement if he cannot secure better terms for U.S. workers and industry.

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CANADA POLITICS: Canada Escalates Trade Dispute With US Because Trudeau is Under Pressure

CANADA POLITICS: Canada Escalates Trade Dispute With US Because Trudeau is Under Pressure

Prime Minister Justin Trudeau is under pressure to secure support in a key region ahead of the country’s 2019 elections.

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USA POLITICS: Trump Toughen Up on Enrique Pena Nieto: Cancel Meeting if Mexico Won’t Pay For Wall

USA POLITICS: Trump Toughen Up on Enrique Pena Nieto: Cancel Meeting if Mexico Won’t Pay For Wall

U.S. President Trump said his Mexican counterpart, Enrique Pena Nieto, should cancel his scheduled visit to Washington if Mexico refuses to pay for a wall.

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CANADA POLITICS: No U.S., No TPP Trade Deal: Says Canada

CANADA POLITICS: No U.S., No TPP Trade Deal: Says Canada

Trans-Pacific Partnership (TPP) trade deal cannot proceed without the United States, Canada said on Tuesday, even as Australia and New Zealand pledged to salvage it.

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MEXICO POLITICS: Mexico Mulls Pulling Out Of NAFTA

MEXICO POLITICS: Mexico Mulls Pulling Out Of NAFTA

Mexico could pull out of the North American Free Trade Agreement if a renegotiation of its terms does not benefit Latin America’s second largest economy, Economy Minister Ildefonso Guajardo said on Tuesday.

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MEXICO POLITICS: Enrique Pena Nieto Targets Free Trade With US, Canada, Seeks Other Pacts

MEXICO POLITICS: Enrique Pena Nieto Targets Free Trade With US, Canada, Seeks Other Pacts

“Neither confrontation nor submission. The solution is dialogue and negotiation,” Mexican President Enrique Pena Nieto said.

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USA POLITICS: Donald Trump in First Full Week As U.S. President

USA POLITICS: Donald Trump in First Full Week As U.S. President

U.S. President Donald Trump addresses business and trade issues on Monday. Highlights of the day follow…

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CANADA POLITICS: Trudeau, Ministers to Discuss Trump Plans For NAFTA

CANADA POLITICS: Trudeau, Ministers to Discuss Trump Plans For NAFTA

Canada’s Prime Minister Justin Trudeau will begin a two-day retreat with his cabinet on Monday, focused mainly on the best approach to take with new U.S. President Donald Trump, whose vow to renegotiate NAFTA could damage Canada’s economy.

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MEXICO POLITICS: Enrique Pena Nieto Seeks Stronger US Ties Despite Trump Campaign Barbs

MEXICO POLITICS: Enrique Pena Nieto Seeks Stronger US Ties Despite Trump Campaign Barbs

“We will work to strengthen our relationship with shared responsibility,” said Pena Nieto, who likened Trump’s rise to the ascent of Adolf Hitler and Benito Mussolini after the American’s broadsides early in the election campaign.

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CANADA POLITICS: Trudeau To Renegotiate NAFTA With Trump

CANADA POLITICS: Trudeau To Renegotiate NAFTA With Trump

During the campaign, Trump called NAFTA the worst trade deal the United States has ever signed.

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