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Posts Tagged ‘Trump trade news’

NAFTA Talks Fail to Make Headway as New Year Looms

Mexico and Canada not giving U.S. what it wants.

by on Nov.22, 2017

President Donald Trump has reiterated he has no problem replacing NAFTA with unilateral treaties.

With chances the of failure rising, delegates from the United States, Mexico and Canada have wrapped up another round of talks centered on revising the North American Free Trade Agreement without making any progress on a range of key issues such as automobiles and agriculture.

The negotiations held in Mexico City were aimed at reforming the NAFTA pact enough to head off U.S. President Donald Trump’s threats to scrap it.

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The latest round focused on trade remedies, rules of origin, which are critical to the auto industry, and matters related to agriculture, which represents a key element of any kind of agreement, Mexico’s chief technical negotiator, Kenneth Smith, told reporters.  (more…)

Commerce Secretary Ross Optimistic about NAFTA Talks

President Trump still pushing to kill deal.

by on Oct.12, 2017

President Donald Trump continues to threaten to walk away from NAFTA, but officials are positive the revised deal can be completed.

While President Donald Trump continues to talk about walking away from the North American Free Trade Agreement if necessary, U.S. Commerce Secretary Wilbur Ross says he still expects to reach a deal with Mexico and Canada on revising the existing agreement.

“From time to time (the President) has expressed a total willingness to depart from NAFTA should that become necessary,” Ross, whose personal investment portfolio includes controlling interest a major automotive supplier with factories in Mexico told a panel in Washington D.C., according to TheHill.com.

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“We don’t hope it will, we don’t desire that it will, we don’t believe that it will, but it is at least a conceptual possibility as we go forward.” (more…)