Trade talks end without meeting Donald Trump’s deadline, will resume next week

01 September, 2018, 20:20 | Author: Sue Mclaughlin
  • US President Donald Trump

But U.S. Trade Representative Robert Lighthizer said that President Trump notified Congress of his intent to sign a trade agreement with Mexico "and Canada, if it is willing - 90 days from now".

Canadian Foreign Affairs Minister Chrystia Freeland was also optimistic at a press conference Friday afternoon, telling reporters that she believes a deal is within reach, as long as all parties show "goodwill and flexibility". "The USTR team will meet with Minister Freeland and her colleagues Wednesday of next week", said the statement. And that rhythm is brisk.

All three countries have stressed the importance of NAFTA, which governs billions of dollars in regional trade and a bilateral deal announced by the United States and Mexico on Monday paved the way for Canada to rejoin the talks this week.

When such a reliable rhythm varies, even a little, it's noticeable.

Tense trade talks between the USA and Canada broke off Friday, missing a deadline set by the Trump administration to agree to an overhaul of North American Free Trade Agreement. "We know that a win-win-win agreement is within reach". She never quite got around to answering the precise question.

For what it's worth, Bloomberg tells Axios that their reporters abided by the terms of the off-the-record agreement with the president. Talks between the United States and Canada are expected to resume mid next week.

The President also allegedly said that he's intimidating Canada with tariffs and other means at his disposal during the negotiations: "off the record, Canada's working their ass off". But they have to treat us fairly.

As the NAFTA talks began, Canada's lead negotiator insulted the Trump administration with a backhanded comment during a Washington speech on trade. Trudeau reiterated his government wouldn't concede to US demands to dismantle its dairy system, known as supply management. Trump wanted the comments to remain private because otherwise "it's going to be so insulting they're not going to be able to make a deal".

He Qinglian said that as long as the issue of intellectual property theft in particular is not resolved, it will be hard for U.S.

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"We are looking for a good deal, not just any deal, and we will only agree to a deal that is a good deal for Canada", she said.

That new protection inspired Canadian dairy farmers to invest in ultrafiltering technology, raising the stakes again for the Canadian government, which has offered to compensate dairy farmers in the past for trade deals that hurt them.

In other words, cutting Canada out would be more than modernizing the existing treaty.

Trump has said repeatedly his top trade goals are reducing trade deficits and creating more jobs for USA workers, but US trade with Canada has been roughly equal for years.

"Remember, NAFTA was one of the WORST Trade Deals ever made".

Last fall, only a few weeks into these negotiations, the façade of congeniality at the NAFTA table crumbled.

"It's great for us as internet leaders", said Enrique Culebro, head of Mexico's internet association, which represents Amazon, Wal Mart de Mexico and various online services. The latter deal offered 10 other Pacific Rim countries access to 3.25 per cent of Canada's dairy market - and most analysts predict the USA will settle for nothing less in NAFTA.

Freeland readily conceded that a breakthrough in those two-way U.S. -Mexico talks on autos seemed like a watershed in the negotiations-and on a file where Ottawa and Washington share interests.

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