Mar 08 2018
With Trump threatening to tear up the NAFTA agreement and negotiate one-on-one with Mexico and Canada individually, that idea is not going over with either country.
"Now our time is running very short", Mr. Lighthizer said at a joint press conference with his Canadian and Mexican counterparts. He told Mexican broadcaster Televisa that "We would have to target our response at the things they export that are most politically sensitive and hit exactly those goods". After an agreement is concluded, US laws require additional steps before it can even be considered by the current Congress.
Some of MEMA's members would be deeply affected by Trump's tariffs because they rely on specialty steel and aluminum products imported from Europe, Asia and other regions, said Wilson, speaking on the sidelines of the North American Free Trade Agreement talks.
Mexico is boosting its efforts to diversify the destination of its exports to lessen its reliance on the North America Free Trade Agreement (Nafta) amid concerns the USA may pull out of the agreement, officials from the Mexican economy ministry said.
So the steel and aluminum tariffs aren't about national security or protecting steel workers or any of the rhetoric; they're leverage, at least as far as Canada and Mexico are concerned.
"There's not a whole lot to love about the currency right now", said Robert Kavcic, senior economist at BMO Capital Markets, noting that Canada does not appear as though it will be exempt from looming tariffs.
Mr Trump has called the free trade agreement with Canada and Mexico the worst deal the U.S. has ever made.
One of Trump's main campaign pledges was to renegotiate the 1994 trade deal, which he claims unfairly benefits Mexico at the expense of USA industry and jobs, and the talks began in mid-August.
However, CBC is reporting the fall of the loonie is more centered on the ongoing negotiations between Canada, the USA and Mexico to update the 1994 North American Free Trade Agreement (NAFTA), and the more recent threat of exorbitant tariffs the Trump administration wants to impose on steel and aluminum.
"But they try to resolve some of the issues within the sectors to see if they can get some agreement, whereas this nearly gets so, 'Well, if you don't do this, we'll just sacrifice another whole sector, '" he added. The European Commission has said it is drawing up retaliatory measures against leading USA brands such as Levi's jeans and Harley Davidson motorcycles.
Trump has long threatened to pull out of the 24-year-old trade pact if it can't be overhauled and encourage manufacturers to bring factory jobs back the United States.
This is not the first time that Trump has signaled that supply management would become a major NAFTA issue - at least when negotiators finally take it up. But to complete NAFTA 2.0, we will need agreement on roughly 30 chapters. "I have no reason to think he's going to change".
President Trump has been very clear with regards to driving American industry and protecting United States jobs, after all this is the key vote he went after which got him elected.
Mar 08 2018
Examining the impact of conference tournaments on NCAA seeding
Even if OU sneaks into the NCAA Tournament as an at-large team, which is no sure thing, the Sooners seem like a fade candidate . The Lady Bears moved up to No. 2 in the national rankings after they defeated Texas in the Big 12 Championship Game , 77-69.
Mar 07 2018
Europeans, IMF tell Trump to step back from trade war
Commission President Jean-Claude Juncker said last week that Harley-Davidson motorbikes and bourbon whiskey could be targeted. Given that reality, the USA should be prepared for such retaliation and work with its allies to prevent it.
Mar 07 2018
LA Schools Call for More Gun Control in Wake of Shootings
This past weekend, the topic of arming teachers was addressed at the National Governors Association, where Kentucky Gov. From peers and from teachers, but we also need help from administrators, community members, and our representatives.
Mar 06 2018
In toughest test Wilder retains title
Fighting a southpaw is a hard thing because you only see a few of them in your career, but they see right-handers all day long. Joshua is slated to fight another unbeaten champ - WBOs Joshua Parker (24-0, 18 KOs) in Wales later this month.
Mar 06 2018
Oscar Ratings Sank to an All-Time Low in 2018
The 90th Academy Awards kicked off with Jimmy Kimmel's opening monologue that had a more serious tone. Henson with her best friend en route to the Oscars .
Mar 05 2018
Oscars 2018: The best of red carpet at the 90th Academy Awards
It's been one of the best received films of 2017 and the screenplay had a lot to do with that. The ceremony itself will begin at 7 p.m. and will run until about 10 p.m.
Mar 04 2018
After thumping victory in northeast elections, BJP to celebrate 'Vijay Diwas' today
The Congress' vote share dropped to only 2.1% of the total, as compared to almost a quarter in the 2013 Assembly elections. Nath alleged that the BJP is trying to use "money power to cause as much disturbance as possible".
Mar 04 2018
Trump's imposition on trade tariffs 'unacceptable': Canada PM Trudeau
In my opinion Canada, Germany and the European Union are not harming us in their trade deals and they shouldn't be included. The record shows that tariffs, while they may help certain domestic manufacturers, can come at a broad cost.
Mar 04 2018
Putin unveils Russia's new 'invincible' nuclear weapons
Putin's "victory" in the fake election is in no doubt, so he doesn't really need a nuclear argument for Russians. Namely, the Satan II nuclear ICBM and other nuclear capable ballistic missile platforms.
Mar 04 2018
Schumer on Trump Gun Reform Talks: He 'Says What's Convenient'
Chris Murphy of CT , who had attended Wednesday's meeting, reacted on Twitter late Thursday to Trump's tweet on the NRA meeting. The president also said the NRA has "great power over you people", but "less power over me". "You know why", Trump scoffed.
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