Advertisment Canadian Finance Minister Bill Morneau said over the weekend that his government is ready to retaliate against the USA on trade if Canada is not exempted from hefty new duties being imposed on American imports of steel and aluminum.
Trump triggered the renegotiation of NAFTA, which he has called the worst deal the United States ever signed, shortly after taking office. “If we can’t make an exception there, then how are we going to get a NAFTA deal?” Massive relocation of companies and jobs.
Canada will not follow the European Union and issue specific threats to the US over proposed steel and aluminum tariffs because it’s still holding onto the hope that it will get an exemption from any such duties, CBC News has learned.
Paul Ryan, Republican speaker of the House of Representatives, comes from the same state – Wisconsin – where motorcycle maker Harley-Davidson Inc.is based.
It is a position that Trump repeated Tuesday in Washington during a press conference with Swedish Prime Minister Stefan Lofven.
Similar comparisons were made over the weekend on various political-affairs programs by Navarro and U.S. Commerce Secretary Wilbur Ross.
Talks on the $1.2 trillion NAFTA pact are moving slowly, in part because Canada and Mexico are resisting US demands for major changes such as adding a sunset clause and boosting the North American content of autos produced inside NAFTA.
“We have to stand up for American companies”, Mnuchin said.
Trump also said Canada had to treat American farmers better and called on Mexico to stop drugs “from pouring into the U.S”. Negotiators wrapped up the seventh round of talks on Monday without a resolution.
“We are disappointed, to say the least, that the Trump administration would impose a potentially debilitating tariff on aluminium imports from the Kitimat smelter”, said O’Driscoll.
Canada is now in talks to join the Pacific Alliance – a trade bloc including Mexico, Colombia, Peru, Chile, Singapore, Australia and New Zealand.
“There is some possibility that the Democrats will take over the Congress, and even if that doesn’t happen, they’ll be a different makeup of Congress for sure”, he said.
[R] etaining TN provisions in NAFTA is in tension with the President’s objectives underlying Executive Order 13788, in which he stated that, “to create higher wages and employment rates for workers in the United States, and to protect their economic interests, it shall be the policy of the executive branch to rigorously enforce and administer the laws governing entry into the United States of workers from overseas”.
His second suggestion is to show a counter-threat on the steel and aluminum tariffs. “It’s the wrong way to incentivize the creation of a new & modern NAFTA”. The share of Michigan’s exports to Mexico ranks third-highest in the country.
Cuellar’s bipartisan partner on many trade issues is often U.S. Sen. “Stick with the facts”, said a source close to the talks when asked how a man praising trade wars could be relied on to rework a trade deal. These negotiations must be done right, but producers need the certainty of a completed agreement as soon as possible.
US, Canadian, and Mexican officials finished their 7th round of talks on NAFTA in Mexico City on Monday.
“I fear that the longer we proceed, the more political headwinds we will feel”, such as the upcoming presidential elections in Mexico, U.S. mid-term elections, and provincial elections in Ontario and Quebec.
Mexico’s Economy Minister Ildefonso Guajardo, in turn, ruled out that Mexico will make Nafta concessions to avoid steel tariffs.