'Not the right time' for Trade Negotiations with China, Says Trump

Adjust Comment Print

Lighthizer said the talks will resume Wednesday.

Few foresaw how Canada's dairy industry would become Trump's poster child proving that NAFTA is "the worst deal ever", as the president likes to call it. The administration's notification of its intent to sign an agreement with Mexico is encouraging, as well as its acknowledgement that Canada will be included if it is able to meet the high standards, Ways and Means Trade Subcommittee chairman Dave Reichert said.

The preliminary agreement between Mexico and the United States announced last Monday would, if enacted, require that 75 per cent of the parts in any vehicle sold in North America be produced in the US or Mexico.

But with Donald Trump driving the agenda for the American side of the bargaining process, some experts warn that the uncertainty generated by the negotiation of a new North American Free Trade Agreement will ultimately hurt consumers.

"For Canada, the focus is on getting a good deal, and once we have a good deal for Canada, we'll be done", the country's foreign minister, Chrystia Freeland, told a news conference. "And we´ll only agree to a deal that is a good deal for Canada", Freeland told reporters.

At an event in Charlotte, Trump said, as he did on Twitter, that he was not unhappy that the Star published the remarks he had made "off the record" to Bloomberg News in an interview on Thursday. "If we don't make a deal on Canada", Trump said again today, "that's fine". They have tremendous trade barriers and they have tremendous tariffs. "They have worked hard-and in good faith-with us for more than a year, including some very intense days this week". S. dollar after the Wall Street Journal report.

"Wow, I made OFF THE RECORD COMMENTS to Bloomberg concerning Canada, and this powerful understanding was BLATANTLY VIOLATED", Trump wrote. I am used to it. "I'd like to thank Ambassador Lighthizer and his team", she said. Trump tweeted early Saturday.

Canada's foreign affairs minister, Chrystia Freeland, was engaged in NAFTA negotiations for the better part of last week after news broke that the US and Mexico had tentatively agreed to a new trade pact to replace the current agreement.

A commercial truck exits the highway for the Bridge to Canada, in Detroit, Michigan U.S. August 30, 2018.

After sounding optimistic Thursday, Freeland appeared gloomier on Friday.

"And as you know, we are working-unrelated to this (U.S. -Mexico trade deal)-we're working very much with other countries. We are not there yet".

On Friday, the Globe and Mail reported on concerns voiced by Canada's trade team that a pact may not be reached on Friday, citing a source close to the negotiation.

In response, Lindsay Walters, a White House spokeswoman, said only, "The Canadian and American negotiators continue to work on reaching a win-win deal that benefits both countries".

And, despite a cordial first meeting with the president, Justin Trudeau couldn't resist identity politics and virtue signalling by declaring that any new Canadian trade agreements, like NAFTA, must include chapters on gender, climate change and Indigenous issues. "Our government's approach is always to stay constructive, positive and engage on the substance of issues".

Another key issue is USA tariffs on steel and aluminum imports, though it's unclear whether relief from those will be included.