Trump says 'no political necessity' to keep Canada in NAFTA

Canada Trade Talks In Jeopardy After Leaked ‘Off The Record’ Trump Comments

Canada Trade Talks In Jeopardy After Leaked ‘Off The Record’ Trump Comments

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.

According to the Toronto Star: "In a remark he did not want published, U.S. President Donald Trump said that a possible NAFTA deal with Canada would be 'totally on our terms, ' according to a source". "We are concerned that excluding Canada from a final agreement will limit our export opportunities and hurt the USA economy", said Gary Shapiro, the head of the Consumer Technology Association, in a statement. "Congress should not interfere w/ these negotiations or I will simply terminate NAFTA entirely & we will be far better off.", Trump wrote. The deal would then not be a reworked version of NAFTA, but a bilateral U.S. -Mexico trade deal.

Tensions between the US and Canada heightened on Friday, after the Toronto Star obtained and published off-the-record remarks Trump made in an interview with Bloomberg News, during which he admitted that he would not make any compromises in order to secure an agreement.

On "Fox & Friends", Dr. Sebastian Gorka, who served as a deputy assistant to the president, said Trump isn't getting enough credit for his economic policies, particularly in striking the United States-Mexico Trade Agreement and fighting for fair trade.

Trump previously set a deadline for Friday to reach the trilateral deal.

"We continue to work, we continue to talk, we continue to make progress".

Hamilton wins after Vettel spins at Italian GP
Ferrari had the quickest cars at Monza and Vettel and his teammate Kimi Raikkonen had locked out the front row and were expected to win.

After all, the mutual lifting of trade barriers should result in more competition, which should translate into more consumer choice and, therefore, lower prices. Another key issue is USA tariffs on steel and aluminum imports, though it's unclear whether relief from those will be included. Free Trade deal, a predecessor to NAFTA, after similarly hard bargaining.

Congress members from both parties as well as US business leaders also want Canada included to preserve the more than $1 trillion in trade under the 24-year-old trilateral deal. The letter starts a 90-day process for reworking the trade deal ahead of a transition of presidential power in Mexico, as Trump seeks to fulfill a key campaign promise to revamp NAFTA ahead of the 2018 midterm elections.

Canada's Foreign Affairs Minister Chrystia Freeland, who is leading negotiations for her country, has declined to get into details of talks. Trade talks concluded Friday with no agreement between the US and Canada. The U.S. must give six-months notice to both Canada and Mexico if it intends to pull out of the deal. As we said from the outset, our objective in these talks is to update and modernize NAFTA in a way that is good for Canadians, good for Americans and good for Mexicans.

"We've been told for over 25 years, trust us, this agreement will be good for workers".

Economist Ben Stein discusses the trade talks between the US and Canada.

Canadian negotiators spent the week in Washington trying to find common ground on issues ranging from tariffs on dairy products to trade dispute resolutions.

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