Trump, Trudeau differ on NAFTA talks

Pauline Gross
October 13, 2017

However, in his typically uncompromising approach to diplomacy, Trump told reporters later that "if we can't make a deal, it'll be terminated and that will be fine".

Further, "attempts by Boeing to put tens of thousands of aerospace workers out of work across Canada is not something we look on positively". This week the influential US Chamber of Commerce warned it was time to "ring alarm bells" over the NAFTA talks. Trudeau said he believed the Nafta talks could still end in a "win, win, win".

Trade experts say the NAFTA talks are likely to stall in the face of aggressive US attempts to sharply increase content requirements for autos and auto parts.

Following his visit to Washington, Trudeau is due to travel to Mexico, where he will meet with President Enrique Pena Nieto. The United States takes in three quarters of Canadian exports, but trade relations have been strained since Trump's inauguration earlier this year.

"U.S. negotiators have made conditions so tough that Mexico and Canada could reject them, which would be the flawless excuse for the USA government to announce its departure from NAFTA", Coutino wrote. American Express, AT&T, GM and Delta were listed on publicity material for an event hosted by the U.S. Chamber of Commerce in Mexico on Tuesday, where Donohue warned that several U.S. proposals in the NAFTA talks were "poison pills" that risked dooming the agreement.

U.S. President Donald Trump has repeatedly threatened to exit the pact if he can't get more favorable terms.

Trump has made revamping the pact and reducing United States trade deficits a core pillar of his election campaign, but has not set out exactly what changes he would like to make.

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"We recognize that this agreement is a quarter century old". Those "could doom the entire deal", Thomas Donohue, the Chamber's CEO said October 11. "But for the love of God don't do any harm to something that has been so economically beneficial to states all across America".

The figure is dwarfed by their trade with the USA: more than $480 billion a year ago for Mexico and more than $540 billion for Canada.

Current NAFTA rules require cars have at least 62.5 percent of their parts made in the U.S., Canada or Mexico. US negotiators have countered with a proposal that would effectively grant the other countries less access, people familiar with the talks say.

But US union leaders, including representatives at the AFL-CIO and the United Steelworkers, have expressed support for the deal's demise, a position shared by some Democrats.

Chief among the tough USA proposals is a "sunset" provision that would force renegotiation of the trade pact every five years - undermining long-term business plans. "We have to be prepared for the different scenarios that could come out of this negotiation".

"If the required content to hit the threshold for a NAFTA vehicle is too high, people may say, 'Look, it's just too hard, it's too high, so we'll just ship the vehicles in, '" Magna International Inc.

Other reports by GizPress

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