Trump’s "new NAFTA" deal with Canada could be relief for developers


During the brief announcement, he spoke by telephone with Mexican President Enrique Peña Nieto, who offered congratulations on the new pact, adding, "Canada will be incorporated in all this".

When the reality show spectacle of Trump's Oval Office phone call with Pena Nieto had subsided, senior US officials briefed journalists on a conference call.

US President Donald Trump, a frequent critic of the existing deal, announced the apparent breakthrough on Monday. "It's a really good deal for both countries", Trump said.

But Freeland also said, "We will only sign a new NAFTA that is good for Canada and good for the middle class". In response, Mexico slapped tariffs on $3 billion of United States goods, including steel, pork, apples, potatoes, bourbon and different types of cheese. But hard work remains for developing a revamped NAFTA agreement. "I think with Canada the easiest things we can do is tariff their cars coming in", Trump insisted. But as the Oval Office pushback showed, there are more reasons than usual to be skeptical of Trump's sales pitch on the new free trade agreement.

The deal is the result of five weeks of intense one-on-one talks between the Trump administration and Mexican officials. "If Canada is not in then we'll notify that we have an agreement with Mexico and we are open to Canada joining it", the official said. A lot of people are waiting'.

Shares of the largest United States automakers got a boost Monday after President Donald Trump said the USA and Mexico have reached an agreement on elements of NAFTA, marking a significant step toward reshaping the landmark trade deal.

Prof. Leblond said it would be political suicide for Trudeau's Liberal administration, with one year before a general election, to give in to US demands for significantly greater access to Canada's protected dairy market.

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He reportedly sang his hit God's Plan , signed autographs, and gave her a birthday gift that included a baseball hat. Sofia Sanchez posted a video asking the Canadian star to help her celebrate her birthday earlier this month.

The sides also agreed that 40-45 percent of cars must be made at "high wage" factories where workers receive $16 an hour in order to receive duty-free treatment, something that could deter off-shoring United States auto manufacturing to Mexico. The U.S. and Mexico have reached a preliminary agreement to revise key portions of the arrangement, the New York Times reports, leaving out Canada altogether for now.

"We hope that Canada will come in".

"Kansas is heavily dependent on the agricultural and manufacturing industries, and it is a huge relief to our state to know that we can continue trading tariff-free with the new agreement", Colyer said.

Trump backed off from an initial US demand for a "sunset" clause that would kill the pact unless it was renegotiated every five years and which businesses said would stymie long term investment in the region.

Republicans in the US Congress are up for re-election in November, and they want to ensure farmers and other voters - whose jobs depend on trade with Canada and Mexico - that the deal is sealed.

Instead, senior USA officials told reporters the agreement had been extended for 16 years but would be reviewed every six years.

The president-elect's designated chief NAFTA negotiator, Jesus Seade, who took part in the latest round of talks with the United States said that Peña Nieto's negotiators and the United States agreed to change language in the draft about energy that had been "cut and paste" from the text of the Mexican energy reform, but still preserved the same ideas and was consistent with the energy reform. Meanwhile, Mexico's president made clear Monday he wants Canada to be part of the updated agreement.