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Money Canada pushing for intensive NAFTA talks

03:31  04 july  2018
03:31  04 july  2018 Source:   msn.com

Trump says 'getting there' in NAFTA talks with Canada, Mexico

  Trump says 'getting there' in NAFTA talks with Canada, Mexico U.S. President Donald Trump said on Tuesday progress was being made in slow-moving talks to update the NAFTA trade accord between the United States, Canada and Mexico, but he held out the prospect of striking bilateral pacts if a three-way deal could not be reached. "We're trying to equalize it. It's not easy but we're getting there," he told a group of U.S. small business executives. "We'll see whether or not we can make a reasonable NAFTA deal."Renegotiating the North American Free Trade Agreement, which Trump called a "disaster" for the United States, was a goal he had set out during his election campaign.

He said he hoped the Americans would resume NAFTA talks because Canada is ready to get back to the table. The start time was also pushed back to make it more cocktail party than picnic, said Sarah Goldfeder, a principal at Earnscliffe in Ottawa and former special assistant to two U.S. ambassadors.

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 U.S. midterm elections this fall.

a group of people sitting at a desk© Provided by thecanadianpress.com OTTAWA - 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 U.S. midterm elections this fall.

Now that Mexico's presidential election is done, Ottawa wants negotiations on the North America Free Trade Agreement to restart as soon as possible, one government official familiar with the plan said on condition of anonymity.

"Our priority has always been to conclude a mutually beneficial agreement as quickly as possible and that, I think, remains our goal," said the official, who was not authorized to discuss the matter publicly.

Canada's steel no security threat: Ross

  Canada's steel no security threat: Ross Canada's steel no security threat: RossWilbur Ross also acknowledges that the U.S. doesn't have a trade deficit on steel with Canada — and, in fact, has a surplus with its northern neighbour in terms of dollar value.

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 U.S. midterm elections this fall. Notley's punishing push back.

Despite some contentious issues still on the table, the increasingly positive tone contrasted with U.S. President Donald Trump’s harsh criticism of Canada in recent weeks, raising hopes the year-long talks to revamp the North American Free Trade Agreement ( NAFTA )

"That's what we're going to stay focused on. We'll see where it goes."

That effort is expected to intensify following Monday's election win by Andres Manuel Lopez Obrador, who has already said he supports the continued renegotiation of NAFTA and wants his own team of experts to be part of the talks before he takes office Dec. 1.

Until Lopez Obrador is sworn in, members of the current Mexican administration will continue to serve as the country's lead NAFTA negotiators, the official said.

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

In an interview that aired Sunday on Fox News, Trump said he could quickly sign a revised NAFTA with Canada and Mexico, but instead wants to land a better deal for the U.S. Asked about the timing of an agreement, Trump said: "I want to wait until after the election."

Canada welcomes U.S. comments on its steel not posing a threat

  Canada welcomes U.S. comments on its steel not posing a threat Canada welcomes comments that U.S. Commerce Secretary Wilbur Ross made on Wednesday to the effect that Canadian steel does not pose a direct security threat, Canadian Foreign Minister Chrystia Freeland told reporters. The U.S. administration last month imposed tariffs on steel and aluminum from a number of nations, citing security reasons. Ross, speaking to a U.S. Senate committee, said Washington was most concerned about overall steel imports."I welcome Secretary Ross's remarks. I was pleased to see, according to reports, Secretary Ross acknowledged that Canadian steel does not pose a security threat to the United States ...

Earlier Freeland said she had a "long, intensive conversation" with Lighthizer. "We covered a lot of ground," she added. Dairy, dispute settlement. Jim Carr, Canada 's minister for international trade diversification, who is not directly involved in the NAFTA talks , said there were risks to all if a

The federal government is still expecting NAFTA talks to accelerate this summer even though U.S. President Donald Trump says he's in no rush to sign a deal until after the U.S. midterm elections this fall.

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

A fresh round of talks on the three-country pact will come with Canada and the U.S. locked in an unprecedented, cross-border trade fight. The neighbours have already swapped punitive tariffs on some imports — and there are fears things could get worse.

On Sunday, Ottawa responded to the Trump administration's tariffs on Canadian steel and aluminum with duties of its own against U.S. imports — dollar-for-dollar, reciprocal tariffs that target steel and aluminum, as well as a long list of consumer goods, the government says.

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

That tariff fight will form a rather tense backdrop for the effort to reach a NAFTA deal, which Foreign Affairs Minister Chrystia Freeland has said she expects to ramp up soon, following several conversations last week with U.S. Trade Representative Robert Lighthizer.

Canada announces billions in retaliatory tariffs against US

  Canada announces billions in retaliatory tariffs against US TORONTO - Canada announced billions of dollars in retaliatory tariffs against the U.S. on Friday in a tit-for-tat response to the Trump administration's duties on Canadian steel and aluminum. Prime Minister Justin Trudeau's government released the final list of items that will be targeted beginning July 1. Some items will be subject to taxes of 10 or 25 per cent. Trudeau and U.S. President Donald Trump spoke late Friday. "As he has said in past Prime Minister Justin Trudeau's government released the final list of items that will be targeted beginning July 1. Some items will be subject to taxes of 10 or 25 per cent.

Canada still aiming for intensive NAFTA talks , even though Trump's in no rush. View Site.

Earlier Freeland said she had a "long, intensive conversation" with Lighthizer. The flags of Canada , Mexico and the U.S. are seen on a lectern before a joint news conference on the closing of the seventh round of NAFTA talks in Mexico City, March 5, 2018.

On Monday, Prime Minister Justin Trudeau spoke with Lopez Obrador by phone. The two discussed "mutually beneficial economic and trading relationship between the two countries, and their shared priority of updating the North American Free Trade Agreement for the betterment of their peoples," Trudeau's office said in a statement.

Canada's retaliatory tariffs on U.S. goods do nothing to help Canada and will only hurt American workers, White House spokeswoman Sarah Sanders said Monday.

"We've been very nice to Canada for many years and they've taken advantage of that, particularly advantage of our farmers," she said.

In recent months, Trump has frequently attacked Canadian trade barriers on agriculture — dairy products in particular — as unfairly hurting American farmers.

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.

"Canada, you're not going to get 275 per cent for your dairy and you're going to take down all your barriers," he said as an example. "'We're going to take down all our barriers, we're going to take down all our taxes,' right?

Trump delaying NAFTA deal until after midterm elections

  Trump delaying NAFTA deal until after midterm elections Trump delaying NAFTA deal until after midterm electionsBERKELEY 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.

Canada won’t be “bowled over” at the NAFTA negotiating table, Justin Trudeau vowed Wednesday in the face of U.S. President Donald Trump’s ongoing push for a quicker resolution to the ongoing trade talks . READ MORE: Donald Trump pushes for quick NAFTA deal in phone call with Justin Trudeau.

Trade talks between the United States and Canada are continuing "24/7" and have been productive Washington last week reached a new deal with Mexico and is pushing to sign a new deal before US President Donald Trump on Friday said the NAFTA talks were "moving along" but again called the

"Do you know what happened? Everybody said, 'Uh, can we get on to another subject?'"

Trudeau has insisted the U.S. president's complaints about Canada's trade barriers are the result of Canada's refusal to give in to Trump's demands to do away with the country's supply-management system, which is designed to protect dairy, poultry and egg producers.

Both Mexico's election and the congressional midterms had been billed as major wrinkles for the talks. But as the timelines drag on, Canada's own trip to the polls — currently scheduled for October 2019 — is becoming one of the biggest "wild cards," said Ohio-based trade lawyer Dan Ujczo.

Once automotive issues are addressed, the remaining NAFTA sticking points will largely be between Canada and the U.S. — and it's an open question how much room Trudeau will have to manoeuvre Trudeau in areas like government procurement, supply management and intellectual property.

"Who would've thought that at the start of negotiations that the flexibility of Canada could be the most significant driver as to whether or not we get a NAFTA deal?"

— with files from Associated Press

Bank of Canada expected to raise rate .
The Bank of Canada is widely expected to raise its trend-setting interest rate today for the first time in six months. Thanks to stronger economic data, experts are predicting governor Stephen Poloz to hike the rate from its current level of 1.25 per cent.Poloz has followed a cautious, data-dependent approach in recent months and he hasn't touched the rate since raising it in January, a move that came after two earlier increases in the second half of 2017.The central bank's rate decision arrives as Canada faces significant trade-related uncertainties, including stalled NAFTA talks, U.S.

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