Prolonged NAFTA Talks Could Slow Economy Growth

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Robertson says this probably puts some pressure on the US particularly from agriculture to at least get the NAFTA updated because it doesn't want to be left isolated from major markets, its two principle markets being Mexico and Canada.

Cleroux said the economic benefit to both countries will convince the USA government to stay in NAFTA. "The next step to advance the economy requires that we keep NAFTA in place, but modernize it to better reflect our 21st century economy".

Scrapping Nafta would badly hurt U.S. workers and industries, Mr Trudeau told Winnipeg radio station 680 CJOB.

Even if the USA withdraws, Canada is prepared, Trueau said giving out a signal to his trade partner. Despite pressure from GOP lawmakers and business leaders, he's kept up the criticism since taking office.

In his speech, Trump briefly referred to China as among "rivals" that challenge US interests, values and the economy, prompting China'sForeign Ministry to say that the United States should "abandon its Cold War mentality and outdated zero-sum game ideas".

Last week, he imposed tariffs on imported washing machines and solar panels in his first major trade actions since withdrawing the United States from the Trans Pacific Partnership trade agreement within weeks of taking office a year ago.

In addition to the general positive tone, there were indications from Mexican officials that the negotiations could extend beyond the previously expected drop-dead date at the end of March, when a national Mexican election cycle begins.

"Among Republican senators there's very, very strong support for staying in NAFTA". We sincerely think a trade relationship is a win-win.

AIDS, cancer, religious-based, teacher, and retiree advocacy groups were among the more than 100 organizations that recently signed a letter warning health and trade ministers of the United States, Canada, and Mexico not to undermine NAFTA's access to affordable medicines. Trade officials agreed on a new treaty's anti-corruption provisions and narrowed the gaps over customs issues.

Canada proposed a compromise at talks in Montreal last week that would instead see the method for calculating North American content revamped to include high-tech work, such as software development. But on the main US proposals, including a bid to restructure auto industry supply chains, they remain far apart. The cabinet member leading the negotiations made the point Friday. Many economists say those jobs are gone for good.

Mulroney, a key player in the initial trilateral pact, hit on the key points being made by Canadian politicians, even those on opposite benches: free trade has economically benefited the US and Canada, and is part of the foundation holding up one of the closest bilateral relationships.

In recent weeks, NAFTA supporters have flocked to the White House in an effort to educate the president on the downside of giving up on the deal.

The stakes are especially high for oil and gas companies operating in Texas, which have watched gas exports to Mexico increase more than five-fold since 2010, according to the energy alliance.

The sixth round of NAFTA negotiations ended in Montreal with no firm conclusions but with commitments to come back to the table in late February for a seventh round in Mexico City.

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