Published: Fri, October 13, 2017
Global News | By Stacy Ballard

Trump Discusses NAFTA Renegotiation with Canada and Mexico

Trump Discusses NAFTA Renegotiation with Canada and Mexico

Hosting the Canadian prime minister at the Oval Office, Trump said the U.S. had "a tough negotiation" over NAFTA ahead, which also includes Mexico, adding that it had to be fair to all countries.

NAFTA is an agreement signed by Canada, Mexico, and the United States, creating a trilateral trade bloc in North America, which came into force on January 1, 1994. We realize that as bad as it has been for us, it has been great for Mexico and Canada.

Trudeau's meeting with lawmakers was private.

"The new NAFTA Competition Chapter substantially updates the original NAFTA and goes beyond anything the United States has done in previous free trade agreements", the statement reads.

The challenge of deciphering Donald Trump's intentions for Nafta were on full display Wednesday in Washington.

The fourth round of NAFTA negotiations began Wednesday in Arlington, Va., and will continue through Tuesday.

One of the few areas where there is broad agreement between the Trump and Trudeau governments is that Mexico needs to raise labour and environmental standards in order to even the playing field.

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The Trump administration has imposed duties on Canadian Bombardier airliners and lumber exports in recent months and has criticized Canada's wine and dairy industries.

The meeting, part of a bilateral "CEO dialogue" that meets a couple of times each year, included a closed-door discussion on the NAFTA negotiations addressed by Foreign Minister Luis Videgaray and Economy Minister Idelfonso Guajardo, who are in charge of the negotiations for Mexico.

Trump was deeply unpopular in Mexico already.

Trump says he will dump NAFTA: What will that mean for Buffalo? In fact, he told business magazine Forbes this week that NAFTA must be "terminated".

"We don't always have the same policy prescriptions to do that but in our desire to help the middle class and those working hard to join it we always find common ground".

"So saying, I think it's been clear that circumstances are often challenging, and we have to be ready for anything - and we are". "We're doing it with professionals, acting in good faith, and we'll only continue with this treaty if it's in the national interest".

Trump has repeatedly threatened to withdraw if he does not win concessions to reduce a US trade deficit of around $64 billion with Mexico.

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It was quite a change of tone from the man who once had to resign from cabinet to take the blame for Pena Nieto's ill-considered invitation for Trump to visit Mexico during his presidential campaign.

The U.S. had a $63-billion trade deficit with Mexico a year ago, compared with a surplus of $7.7 billion with Canada.

After meeting with Trump, Canadian Prime Minister Trudeau reiterated the benefits of U.S. He plans to visit Mexico City after his stop in Washington.

Those were the days when Mexico still believed the relationship could be salvaged.

Mr Trump said: "We're negotiating a Nafta deal".

However, the committee's top Republican said he wanted Canada to open up its dairy sector to the US and the ranking Democrat wanted to institute cultural free trade, opening up "non-discriminatory access to the Canadian ... markets that Canadian creators have here in the United States". "And when one does well, the other does well, and when we both do well together, I think we're unstoppable".

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