Published: Fri, May 19, 2017
National | By Rosalie Gross

NAFTA an opportunity to improve trade deal for Ontario: Wynne


She said it hasn't yielded a single year of trade and jobs balance or surplus in a quarter century, and she's eager for it to be renegotiated. "And in some regions of Brazil, yellow corn is even cheaper than in the U.S." for Mexico.

Mexican Economy Minister Ildefonso Guajardo discussed the matter this week with U.S. Commerce Secretary Wilbur Ross, but declined to give details of the talks. "Unlike Mexico, it does not enjoy a trade surplus with the USA; while it sells more goods to the US than it buys, a sizable services trade deficit with its southern neighbour brings the overall balance to -$11.9 billion in 2015".

The trade deal, which also includes Mexico and Canada, was heavily criticised by Trump during his successful election campaign in 2016 as he promised to withdraw the U.S. entirely from the agreement.

Mr. Cortina considers there are grounds for Mexico to launch an antidumping investigation into HFCS imports from the U.S. Meanwhile, Mexico has been cleared by the World Trade Organization to impose $163 million in tariffs on U.S. goods after the WTO determined damage to the Mexican tuna industry over controversial U.S. labeling rules, he said. "We are going to start renegotiating on NAFTA, on immigration and on security at the border". "The countries of North America deserve a modern instrument to regulate their trade relations". "With this renegotiation of NAFTA, the Trump Administration has the opportunity to reset that agenda by instituting a new, fair trade framework that works for family farmers, ranchers, and rural residents".

"If that's the starting point, then nothing will come of this that will benefit American workers or American manufacturing", DeFazio said at the press conference. "I can not emphasize how important our Mexican customers are to US wheat farmers", says Jason Scott, USW chair.

Worth Watching Stock Kate Spade & Company (KATE)
Kate Spade & Company (NYSE:KATE) shares traded -0.05% down during most recent session to reach at the closing price of $18.41. News headlines about Kate Spade & Co (NYSE:KATE) have trended somewhat positive this week, according to Alpha One Sentiment.

UPA senior vice-president of public policy Robert Guenther said: "The fruit and vegetable industry is highly dependent on worldwide trade, both exports from the United States and imports from critical trading partners such as Mexico and Canada".

"We know why President Trump is president of the United States", said Kaptur.

In March, the administration circulated an eight-page draft letter on NAFTA that disappointed critics by appearing to keep much of the existing trade agreement in place. The list did not mention currency practices, something that Schumer and other congressional Democrats have sought to be included in trade deals.

I look forward to working with the Trump Administration to improve and update NAFTA. "We do have a preference: The agreement is trilateral and should continue to be a trilateral platform", Mexican Foreign Minister Luis Videgaray told reporters Chrystia Freeland, Canada's foreign minister said that talks "need to be conducted in a trilateral fashion", and that officials there are "ready to roll up our sleeves".

The arguments were popular with voters, but businesses and some congressmen have expressed reservations about the plan to renegotiate, fearing that missteps from the administration could lead to unintended consequences and impair valuable export markets.

Like this: