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Wednesday, July 24, 2019

Tag: Nafta

Trump, Trudeau upbeat about prospects for NAFTA deal by Friday

Trump has warned he could proceed with a deal with Mexico alone and levy tariffs on Canada if it does not come on board - US lawmakers have said ratifying a bilateral deal would not be easy.

Mexico says US trade deal will send a ‘signal’ on currency...

Guajardo suggested that disputes over currency transparency could play out under Nafta’s Chapter 20 state-to-state settlement process.

US trade groups laud Nafta progress but want 3-way deal

The US Chamber of Commerce, Business Roundtable and National Retail Federation were calling for a deal with both countries rather than separate pacts, as President Donald Trump suggested.

GM, Ford jump as Trump’s Mexico deal averts tariff doomsday

Prior to Monday’s announcement, the Trump administration had been threatening tariffs of as much as 25% on vehicles imported from any country.

Canada explores free trade with southeast Asian bloc

Canada and the EU provisionally entered into a free trade pact last September, as Nafta appeared to falter and the US exited from the Trans Pacific Partnership.

Trump says he’ll end Nafta after reaching new deal with Mexico

Trump said he would drop the name Nafta from the accord because of its unpopularity.

US, Mexico said poised to reach Nafta deal soon as Monday

Significant breakthroughs between Mexico and the US came during the past several days on the contentious issues of automobiles and energy.

Trump says Mexico trade deal near; Nafta hurdles seen easing

Representatives from US and Mexico are now discussing a periodic review process that spares the Nafta from automatic expiration unless new terms were agreed.

Trump says trade deal with Mexico ‘could be happening soon’

Mexico's Economy Minister Guajardo declined to go into detail on the topics remaining with the US but said the agreement could happen at any time.

US-Mexico trade talks progressing but no breakthrough with China

NAFTA and China have been key targets of US President Donald Trump's aggressive trade strategy, largely brushing off business community concerns about harm to the US economy.

Foreign automakers oppose Trump’s Nafta plan as US-Mexico talks resume

Foreign brands with smaller North American manufacturing footprints and fewer US research and development staff may have difficulty meeting more stringent content requirements.

Mexico unsure Nafta talks with US can be completed in August

The US-Mexico talks resumed in July, without Canada, after negotiations involving all three members of the US$1.2 trillion trade bloc stalled in June.

Trump hails Nafta talks with Mexico, says Canada must wait

Trump has said recently he might prefer to end the decades-old Nafta pact in favour of inking separate, bilateral agreements with the US’s southern and northern neighbours.

Nafta talks are now making ‘Amazing’ progress, Trump aide says

While cautioning that he was “not a negotiator’’ involved in the talks between the US, Mexico and Canada, Hassett said his colleagues who are renegotiating the deal have indicated things are going well.

Mexico, US agree to speed NAFTA talks toward August deal

NAFTA talks between the US, Mexico and Canada had stalled since June when the US slapped tariffs on Mexican and Canadian steel and aluminium.

Mexico president-elect writes Trump, urging swift conclusion to Nafta talks

The letter states that the incoming administration's aim is to "start a new chapter in the relationship between Mexico and the United States, based on mutual respect."

Mexican election will jumpstart NAFTA talks, adviser says

Mexico depends heavily on trade with the United States, which receives about 80% of its exports.

Mexico’s Lopez Obrador commits to NAFTA after landslide win

Lopez Obrador, who will take office in December, said he would discuss NAFTA with President Enrique Pena Nieto in their first meeting after the election, set for Tuesday.

GM to build Chevrolet Blazer in Mexico

In the past, General Motors has received criticism for similar moves.

Trump aide apologizes for ‘inappropriate’ comments on Trudeau

Navarro on Sunday joined administration officials in lashing out at Trudeau following the chaotic end to the G7 summit in Quebec where leaders of the world's major economies clashed over tariffs.

Canadian PM open to compromise on disputed NAFTA sunset clause

Although Canada and Mexico say the idea is unworkable, Trump told reporters earlier on Saturday that the new deal would contain such a provision. Trudeau rejected the idea.

Trump repeats he’d quit Nafta and may seek separate talks

The top Nafta negotiators from the US and Canada met earlier during the summit, after Trump in the morning complained about what he called unfair trading.

Canada ‘for now’ focused on trilateral NAFTA talks

Canada, Mexico, and the United States have been holding talks to revise NAFTA since August 2017.

Merkel stresses importance of free trade ahead of visit to US

Merkel is due to address contentious issues including trade when she meets Trump on Friday.