Canada's Trudeau to tell Trump: we're not your problem at NAFTA

Canada's Trudeau to tell Trump: we're not your problem at NAFTA

Victor Herrera, who's spent 35 years covering Latin American financial markets, warns that NAFTA's demise would have major effects. The U.S. auto parts industry employs about 870,000 workers. Trudeau said he recognized that there were proposals in the deal that the U.S. and Canada disagreed on, but insisted that the talks had begun on Wednesday "in good faith".

Prime Minister Justin Trudeau is leaving one country whose political leaders are mixed about saving NAFTA and is on his way to another where officials are uneasy about the fate of the trade deal.

The vote is one of the reasons NAFTA negotiators are hoping to get a deal signed by year's end.

One reason for the short time frame is Mexico's highly contested 2018 presidential race. The question now becomes are we going to be the country that leads this shift?

The U.S. Chamber of Commerce on Tuesday accused Trump's administration of trying to sabotage the talks with "poison pill proposals", including demands for more favorable treatment for the U.S. side on vehicle production, and a "sunset clause" to force regular negotiations.

U.S. proposals include limiting the number of federal government contracts that Mexican and Canadian companies can win, a provision that would cause the deal to automatically expire in five years unless all three countries vote to renew, and changes in how much of a product needs to be made in North America to come under Nafta protections.

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"If the required content to hit the threshold for a NAFTA vehicle is too high, people may say, 'Look, it's just too hard, it's too high, so we'll just ship the vehicles in, '" Magna International Inc. According to reports by Canadian media, Prime Minister Trudeau told President Trump behind closed doors that his preferred option was to modernize the continental accord. "Otherwise, I believe you can't negotiate a good deal".

Both Canada and the United States differ in the climate change. Trump is heading to an event in Pennsylvania while the Canadian prime minister scheduled his own news conference. Sander Levin, D-Mich. It is unclear whether the combined diplomatic power of Harper, Ambrose and Mulroney can turn the tide, but it is heartwarming to see them willing to give it a try. In 1994, Mexico joined NAFTA and has been a full member of the agreement ever since. He said Canada's military would seek alternatives to Boeing for future fighter-jet purchases. "Canada will continue to work with the U.S.to modernize NAFTA so that people in Canada, the United States, and Mexico can benefit from good, well-paying jobs and increased opportunities to provide for their families".

The two met one day after an interview was published in Forbes magazine in which Trump said that NAFTA had been "a awful deal for our country". 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.

"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. The negotiations were extended on Wednesday by two days to Oct 17.

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