Money: Clear path ahead for U.S.-Mexico-Canada trade deal, Morneau says - PressFrom - Canada
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MoneyClear path ahead for U.S.-Mexico-Canada trade deal, Morneau says

21:56  09 june  2019
21:56  09 june  2019 Source:   thestar.com

Clear Path Ahead for U.S.-Mexico-Canada Trade Deal, Morneau Says

Clear Path Ahead for U.S.-Mexico-Canada Trade Deal, Morneau Says U.S. President Donald Trump’s decision not to slap tariffs on Mexico over migration clears the path for the U.S.-Mexico-Canada trade agreement to move forward, said Canadian Finance Minister Bill Morneau. The removal of that uncertainty and the U.S. cancellation of steel and aluminum tariffs on Canada have pushed the joint deal toward ratification, he said. Less clear is what’s ahead for world trade, and how any additional tariffs -- or threats of them -- will impact Canada and the global economy.

The US , Canada and Mexico have reached a deal to revamp the North American Free Trade Agreement ( Nafta), ending months of bitter dispute It comes ahead of the US midterm elections next month, which could be challenging for the president. The deal lowers the risk of higher import tariffs

Trade ministers from the U . S ., Mexico and Canada have reached a deal to revamp the North American Free Trade Agreement, the Trump Officials have said that changes made to automotive rules to increase the amount of content that must be sourced from within NAFTA countries should play well in

Clear path ahead for U.S.-Mexico-Canada trade deal, Morneau says© Justin Tang In an interview Sunday, Finance Minister Bill Morneau said Canada is in “a difficult moment” in its relationship with China, as it tries to get the USMCA sealed.

U.S. President Donald Trump’s decision not to slap tariffs on Mexico over migration clears the path for the U.S.-Mexico-Canada trade agreement to move forward, said Finance Minister Bill Morneau.

The removal of that uncertainty and the U.S. cancellation of steel and aluminum tariffs on Canada have pushed the joint deal toward ratification, he said. Less clear is what’s ahead for world trade, and how any additional tariffs — or threats of them — will impact Canada and the global economy.

Canada's Freeland says Trump tariff threat is between Mexico and U.S.

Canada's Freeland says Trump tariff threat is between Mexico and U.S. USA-TRADE/CANADA-FREELAND (URGENT):Canada's Freeland says Trump tariff threat is between Mexico and U.S.

President Donald Trump on Monday touted a new trade deal with Canada and Mexico as a win for U . S . workers while investors breathed a sigh of Speaking in Ottawa, Canadian Prime Minister Justin Trudeau said the deal removed uncertainty, but he conceded that Canada had made some difficult

Bill Morneau , Canada’ s finance minister, pressed President Trump’ s top economic advisers this Ms. Pelosi said last week that the House would not vote on the trade deal until Mexico passes new “I urge President Trump to lift the 232 tariffs so we can forge ahead with United States- Mexico - Canada

“We’ll just deal with the world as it is,” Morneau told Bloomberg Television’s Kathleen Hays in an interview Sunday, on the sidelines of the Group of 20 finance ministers’ and central bank governors’ meetings in Fukuoka, Japan. “We don’t think tariffs are helpful in the conduct of global trade.”

As it tries to get the USMCA sealed, Canada is also in “a difficult moment” in its relationship with China, said Morneau. The two countries are entangled in several diplomatic disputes, including over Canada’s detention of the Huawei Technologies Co. chief financial officer, China’s high-profile imprisonment of two Canadians, and Chinese scrapping of Canadian canola purchases.

China impasse

“We don’t have a clear step forward right now,” Morneau said of negotiations with China. “We have seen some pretty difficult issues.”

Canada to present bill on ratification of new North American trade pact: source

Canada to present bill on ratification of new North American trade pact: source Canada to present bill on ratification of new North American trade pact: source

Canada -China relations got rocky after Canadian authorities arrested Meng Wanzhou, Huawei' s The U . S .-China relationship is integral to how Canada moves forward with Beijing, said Canadian Finance Minister Bill Morneau . Now that Trump t has said he' s not going ahead with the tariff on Mexico

“Part of Canada ’ s concessions in this deal was to include language that holds Canada hostage to the Americans if we decide to trade with another country “Why did the Liberal (Party) give the go- ahead for the U . S . to pull us into their trade wars?” Canadian Finance Minister Bill Morneau downplayed

Morneau said he’s hoping that a thawing of U.S.-China trade relations will help his own country and China come to terms.

While the United Kingdom’s departure from the European Union is “not helpful” to the global economy, Morneau said Canada “will always have a strong trading relationship” with the U.K. The two countries traded more than $21 billion in goods last year, according to International Monetary Fund data.

Beyond trade, Morneau sees a Canadian economy that’s humming along with “really positive indicators,” including strong employment. Morneau wouldn’t confirm whether the government will expand the Trans Mountain Pipeline — set to boost Canadian crude exports, especially to customers in Asia — in an announcement due later this month. He said it’s “an important marker for our oil and gas sector.”

Scheer vows internal free-trade deal as part of vision for stronger federation.
OTTAWA — Andrew Scheer is promising that a Conservative government would negotiate a deal to eliminate trade barriers among Canada's provinces. The Conservative leader made the commitment Tuesday as he outlined his vision for "a stronger and freer federation" — one that is more decentralized and respectful of provincial jurisdiction in contrast to what he labelled as Prime Minister Justin Trudeau's divisive, arrogant, top-down, "my-way-or-the-highway federalism." If the Conservatives win the Oct.

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