Trump Says New Trade Deal with Canada Could Exclude Mexico

Trump Says New Trade Deal with Canada Could Exclude Mexico

"We'll see if we can do the kind of changes that we need", he said. This week the influential US Chamber of Commerce warned it was time to "ring alarm bells" over the NAFTA talks. More than 310 state and local chambers of commerce sent a letter to the administration urging the United States to improve but not end the trilateral agreement that, they said, has contributed to $1.2tn annually in trade. Those include U.S. demands to adjust the rules of origin, which would increase the percentage of the content of vehicle parts and other materials that would come from NAFTA countries in order for a good to qualify as duty free - a specific concern for the North American auto industry. "We have to protect our workers and in all fairness, the Prime Minister wants to protect Canada as well as its people, so the agreement has to be fair for both countries".

Freeland, who says Canada buys more from the United States than China, Britain and Japan combined, told CTV television on Sunday that Trudeau's message to Trump at their White House meeting would be "We are your biggest client".

"I think Justin understands that if we can't make a deal, it will be terminated and that will be fine", he said. Over half the products in Mexican supermarkets are USA and Canadian imports, he explains to AS/COA Online Editor-in-Chief Carin Zissis.

The U.S. side sees strengthening the rules of origin for the auto industry as a way to bring back automotive production and jobs from Asia. Just four percent of food items in the U.K. originated from North America, and 54 percent of food consumed in the U.K., originated in the U.K. Scheduled talks in this session have been extended by two days to Tuesday.

Rules of origin will be discussed by negotiators today, Sunday and Monday, according to an agenda obtained by Bloomberg.

Mukul Roy resigns as Trinamool Congress Rajya Sabha MP
I had met Roy a few days ago and from what he has told me I can say that he had left the party dejected with the party leadership. He had earlier met BJP leader in charge of West Bengal, Kailash Vijayvargiya, who had said BJP was not in a hurry to induct him.

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

Finance Minister Bill Morneau, in Washington for meetings with G20 finance ministers and the International Monetary Fund, was confronted Thursday with several questions about a possible USA exit from NAFTA.

Despite their common ground, however, Canada and Mexico are also at odds on some key issues.

"There's been huge investments in Canada, the US and Mexico, that are long-term assets", said Don Walker, chief executive officer of Magna International Inc. a Canada-based parts maker with more than 25,000 employees in the U.S.

"As we prepare to leave the European Union, we will seek to transition all existing European Union trade arrangements to ensure that the United Kingdom maintains the greatest amount of certainty, continuity and stability in our trade and investment relationships", a spokesman for the Department for International Trade said.

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