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Title : Reports: U.S. - Mexico Reach Deal On NAFTA
link : Reports: U.S. - Mexico Reach Deal On NAFTA
Reports: U.S. - Mexico Reach Deal On NAFTA
Virginia-Pilot/Los Angeles Times: Trump administration nearing deal with Mexico on revised NAFTA — but issues with Canada remain
The Trump administration is close to striking a deal with Mexico on a revamped North American Free Trade Agreement, analysts said, but thorny issues are yet to be resolved with Canada, the third party in the trilateral pact.
Reaching an agreement with Mexico would mark a breakthrough for the administration after a year of roller-coaster talks and tension with its longtime North American trading partners. President Trump has frequently threatened to withdraw from NAFTA, linked the renegotiations to his call for a wall along the U.S.-Mexican border and slapped tariffs on Mexican and Canadian steel to apply pressure to make concessions.
But both Mexico and the U.S. have strong incentives to push through a deal quickly. Mexico wants to lock in an agreement before its new leftist president takes office, and the White House is keen on achieving a win on trade ahead of the midterm elections.
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WNU Editor: Canada will need to sign off on this U.S. - Mexican agreement, but if what I am reading in Canada is true, there is no Canadian interest to compromise and/or accomodate this U.S. - Mexican agreement to make it happen within the NAFTA framework. And watching the Canadian national news networks this evening has been surreal. The focus on tonight's telecast (both CTV and CBC) was on President Trump's remarks that there has been no movement with Canada on NAFATA (see above video), while at the same time ignoring reports that the U.S. and Mexico may have reached an agreement. I suspect that more details will emerge in the coming days, but Canada is now in the position of being the spoiler of this U.S. - Mexican agreement, and if I was a betting man I would put my money on Canada doing just that.
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Virginia-Pilot/Los Angeles Times: Trump administration nearing deal with Mexico on revised NAFTA — but issues with Canada remain
The Trump administration is close to striking a deal with Mexico on a revamped North American Free Trade Agreement, analysts said, but thorny issues are yet to be resolved with Canada, the third party in the trilateral pact.
Reaching an agreement with Mexico would mark a breakthrough for the administration after a year of roller-coaster talks and tension with its longtime North American trading partners. President Trump has frequently threatened to withdraw from NAFTA, linked the renegotiations to his call for a wall along the U.S.-Mexican border and slapped tariffs on Mexican and Canadian steel to apply pressure to make concessions.
But both Mexico and the U.S. have strong incentives to push through a deal quickly. Mexico wants to lock in an agreement before its new leftist president takes office, and the White House is keen on achieving a win on trade ahead of the midterm elections.
Read more ....
WNU Editor: Canada will need to sign off on this U.S. - Mexican agreement, but if what I am reading in Canada is true, there is no Canadian interest to compromise and/or accomodate this U.S. - Mexican agreement to make it happen within the NAFTA framework. And watching the Canadian national news networks this evening has been surreal. The focus on tonight's telecast (both CTV and CBC) was on President Trump's remarks that there has been no movement with Canada on NAFATA (see above video), while at the same time ignoring reports that the U.S. and Mexico may have reached an agreement. I suspect that more details will emerge in the coming days, but Canada is now in the position of being the spoiler of this U.S. - Mexican agreement, and if I was a betting man I would put my money on Canada doing just that.
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