The latest trade pact between the USA and Mexico will stand whether or not Canada can agree to a new deal, according to Mexico's lead negotiator in the talks to revamp the North American Free Trade Agreement. She and U.S. Trade Representative Robert Lighthizer had agreed to review progress early on August 30.
Trump said he would exclude Canada from a new trade deal if it didn't sign onto the agreement he reached with Mexico, but Lighthizer has made clear he wants Canada to be part of the final agreement. So did Canada really think that the USA and Mexico were going to sign something alone, or did they see this as a bluff? -Mexican discussions, Canada's team is back in full force in the American capital for the first time since the spring and Freeland says the negotiators are intensively focused on finding new areas of compromise.
Later Monday, Freeland spokesman Adam Austen said in a statement: "Given the encouraging announcement today of further bilateral progress between the US and Mexico, Minister Freeland will travel to Washington, D.C., tomorrow to continue negotiations".
MANLEY: Well, I think what we understood was that the USA and Mexico had a number of issues that particularly pertained to the auto sector, which were unique to that part of the relationship - and that they would resolve those and that we would then resume the three-way conversation that had been ongoing now for quite some time.
US Treasury Secretary Steven Mnuchin said on Tuesday in an interview with American broadcaster CNBC that dealing with China is in the third category of Washington's foreign trade objectives.
We just reached a trade understanding with the U.S., and the outlook for the relationship between our two countries is very positive. "Well guess what? Good news for Canada". The timeline accommodates a 90-day waiting period under USA trade law before President Donald Trump can sign the pact.
But trade experts are dismissing the take-it-or-leave-it threat as political theatre aimed at pressuring Canada to acquiesce, with some even questioning whether the president has the legal authority to pursue a deal that doesn't include Canada.
"We think vehicle prices will rise", Krebs said in an email.
To make that happen, given the 90-day USA notice requirement, signatures are needed on an agreement by the end of August - ie. I think it's important to note that the Mexicans have been negotiating with the US for over five weeks - a little unrealistic, perhaps, some might say, for Canada to sign on in, you know, four days. The Trump White House will have to start trying to build support in Congress for its bilateral approach.
While speaking in Northern Ontario, the Prime Minister insisted that while there is a "good possibility" that a fair conclusion to the talks will be achieved by Friday, Canada is "standing firm" on certain concessions.
Trudeau repeated on August 29 that he will defend Canada's dairy industry.
The U.S. side favours a narrow timeframe for these latest trade talks, pushing for a deal by Friday.
If talks with Canada are not wrapped up by the end of this week, Trump plans to notify Congress that he has reached a deal with Mexico, but would be open to negotiations with Canada, U.S. Trade Representative Robert Lighthizer told reporters.
Will she be presiding over the death of the 24-year-old continental trade pact?
And if that happens, this country could face devastating USA tariffs on auto exports, the White House insists.
The new trade deal between the US and Mexico plans to be in effect for 16 years with a review every six years.
The Canadian official cautioned that the NAFTA context is different from the TPP negotiations, but said, "There are a lot of options that involve access and quota and all the instruments we can use to give the Americans what they want". "Mexico reserves the right to reform its energy laws, and it's laid down in writing that Mexico's oil and natural resources belong to the nation", he said.