Martes, 13 Noviembre, 2018

No NAFTA Better Than Bad Deal, Say Business Leaders

Prime Minister Justin Trudeau GETTYCanadian Prime Minister Justin Trudeau is meeting with President Trump to reaffirm the trade deal
Orlondo Matamoros | Octubre 13, 2017, 03:02

Decoding such messages was the task before Canadian Prime Minister Justin Trudeau, who heard the full range of Trump's views during his visit to the White House on Wednesday.

"We'll see what happens".

"We have to protect our workers, and, in all fairness, the Prime Minister wants to protect Canada and his people also".

Mr. Trump raised the possibility he would consider a separate U.S.

Noting that America's economy is the world's largest and one that any nation would like to trade with, Higgins said: "I think that we have tremendous leverage that we don't take advantage of".

The trade negotiations this week in Washington have gotten off to a rocky start, with the US Chamber of Commerce warning the Trump administration might be sabotaging the talks with unrealistic proposals. "Otherwise, I believe you can't negotiate a good deal", Trump said.

The CEO meeting ran in parallel to talks near Washington aimed at refreshing the 1994 agreement, with Mexico, Canada and businesses united in opposition to a number of radical U.S. proposals they say would damage the North American economy. "There was certainly tension between the three head negotiators, led on the USA side by USTR Robert Lighthizer".

The U.S. Chamber of Commerce on Tuesday sent a letter to President Donald Trump - with signatures from the Amarillo chamber and more than 300 other groups - asking for NAFTA to be "modernized" with the U.S. staying a part of the deal.

The challenge of deciphering Donald Trump's intentions for Nafta were on full display Wednesday in Washington.

"We are very aware that there are other potential paths out there", Trudeau said, when pressed on a possible collapse of talks.

"There are several poison pill proposals still on the table that could doom the entire deal", he said in a speech in Mexico City, Tuesday.

In addition to NAFTA, Mr. Trudeau and Mr. Trump are expected to discuss the dispute over Canadian plane maker Bombardier's C Series jets and the gridlocked talks over softwood lumber, sources with knowledge of the planned discussions said.

Mexican officials are also adopting increasingly tough rhetoric as the odds have risen that NAFTA could be in trouble. "There would no doubt be the necessary cooperation for our own interests, but there wouldn't be any volunteering of support for things that go beyond what our own national security requires".

The panel was "dedicated to ensuring these negotiations are successful", Chairman Kevin Brady said while Trudeau made a rare visit to the committee. Ujczo said it's a possibility that the Trump administration is counting on that.

The move comes after United States aircraft maker Boeing complained that its Canadian rival had received over $3 billion in subsidies from the Canadian federal government and the Quebec provincial government combined.

There are multiple sticking points in the talks, some of which were raised at meetings Trudeau held earlier Wednesday with the key House of Representatives committee that oversees trade.

Discussions on rules of origin, which set out how much North American and US content should be in vehicles to qualify for duty-free status at the borders, are scheduled to take up three days of the talks, according to a schedule obtained by The Globe and Mail.