Canada presses US to resume NAFTA renegotiation talks

Canada presses US to resume NAFTA renegotiation talks

Canada presses US to resume NAFTA renegotiation talks

The federal Liberal government is determined to rekindle intensive talks on a new continental trade pact this summer - even though President Donald Trump says he won't sign a renegotiated NAFTA until after the USA midterm elections this fall.

"I want to wait until after the election".

Tens of millions of dollars worth of tariffs went into effect over the weekend, as a trade war between the United States and Canada heats up.

Trump, however, has said he wants to wait until after November's USA congressional midterms before committing to a new agreement.

HEIGHTS, N.J. -President Donald Trump intends to delay signing a revised version of the North American Free Trade Agreement until after the fall midterm elections, a move aimed at reaching a better deal with Canada and Mexico.

Trump has also indicated repeatedly he'd be open to striking separate agreements with Canada and Mexico.

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"Protective measures would undermine US growth, negatively impact job creation, and not improve the trade balance", European Union leaders wrote in the 11-page document, adding that auto tariffs would "damage further the reputation of the United States".

Trump himself has already threatened to go even further by putting tariffs on the automotive sector, which could prove far more damaging for the Canadian economy than the steel and aluminum duties.

Asked if he supported Canada's move to put tariffs on US imports as retaliation for the USA slapping tariffs on Canadian aluminum (10 per cent) and steel (25 per cent), Baruah said, "Absolutely".

On Monday, Canadian Prime Minister Justin Trudeau spoke with Lopez Obrador by phone.

Trudeau has said he plans to stay in touch with the outgoing Mexican president, but hopes to work closely with the country's new president to "build on the vibrant partnership between our two countries".

Canada's tariffs will dramatically increase the price of the targeted USA goods in Canadian markets, dampening demand for them and hurting the bottom line of the US companies that produce them.

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"We've been very nice to Canada for many years and they've taken advantage of that", Sanders said during her daily press briefing in Washington.

On Sunday, as Canada turned 151 years young, Americans turned to Twitter to not only wish our fine country a happy Canada Day but to also apologize for the current state of their country and their president's behaviour.

Trump told Fox about proposing to his G7 partners during last month's summit in Quebec that all seven countries remove all trade-related barriers and taxes.

"Do you know what happened? We share common goals, strong people-to-people ties, and a mutually beneficial trading relationship that is the envy of the world - reflected in our joint effort to update the North American Free Trade Agreement for the 21st century", Trudeau said in a statement congratulating Lopez Obrador on his win.

"The president is working to fix the broken system and he'll continue pushing for that", she said.

Canada's Prime Minister Justin Trudeau announced Monday that Canada will impose retaliatory tariffs on $12.6 billion worth of US goods in response to President Donald Trump's steel and aluminum tariffs.

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