Trump throws NAFTA in doubt

Trump throws NAFTA in doubt

Trump throws NAFTA in doubt

Austen vowed Canada would continue to work with "our partners at all levels in the United States to promote Canada-U.S. trade, which support millions of jobs across the continent".

The Trump administration says Chapter 19 is not effective in resolving disputes about measures to counter subsidies. Automakers fear the negotiations with Mexico and Canada could lead to a whole new set of rules that would costs them billions in new factories, increase prices and reduce sales. NAFTA negotiations just started.

The improvements agricultural leaders seek were largely being addressed through the Trans-Pacific Partnership, a 12-nation trade agreement that included the U.S., Canada and Mexico, Wenger noted.

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OTTAWA-The Canadian and Mexican governments took a keep-calm-and-carry-on approach in their first official reactions to U.S. President Donald Trump's threat to "probably" tear up NAFTA one week after formal negotiations began. "I suspect President Trump will be unable to play that card again And if he does play it, it won't be as strong as it would've been", Robert Holleyman said, noting that Trump can not unilaterally tear up NAFTA because it is a treaty that Congress first approved and then must terminate. During his Tuesday night speech, the president threatened to shut the entire US government down if he didn't get Congressional approval for funds for the wall. In April, he said he planned to pull out, but Mexican President Enrique Peña Nieto and Canadian Prime Minister Justin Trudeau, convinced him to come to the negotiating table.

Trump frequently blasted NAFTA on the campaign trail, labeling it "the worst trade deal" in US history and blaming it for the loss of manufacturing jobs in America's Rust Belt.

Similar opposition has also slowed efforts by the White House to build the border wall Trump has been demanding. With producers facing low commodity prices and other challenges, we can not afford to cause further harm by negating the gains made under NAFTA. In my role on the Ways and Means Committee, which has congressional jurisdiction over trade policy, I will keep working on removing barriers and opening more markets for US agriculture products.

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Removing existing barriers to trade must remain the top priority for negotiators, rather than creating new ones.

Duvall pointed out that total US agricultural exports are projected to reach $137 billion this year, while agricultural imports are forecast at $114.5 billion, giving the USA a $22.5 billion trade surplus in agricultural products.

All sides will have to work very quickly in the coming months. The front runner for the election, Andres Manuel Lopez Obrador, has promised to get tough on trade with the U.S.

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