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  • US, Canada resume trade talks to bridge differences over NAFTA
    SourcesUS, Canada resume trade talks to bridge differences over NAFTA

    Negotiators from the US and Canada have resumed trade talks here to bridge their differences on the North American Free Trade Agreement (NAFTA) after the two sides failed to reach a deal last week. "Our officials have continued to work hard and constructively over the weekend and we are looking forward to constructive conversations today," Canadian Foreign Minister Chrystia Freeland told reporters here on Wednesday, Xinhua reported. The trade talks came after US President Donald Trump said on Saturday that there is "no political necessity" to keep Canada in the new NAFTA deal. "If we don't make a fair deal for the US after decades of abuse, Canada will be out," Trump said via Twitter, threatening to terminate the 24-year-old trilateral trade deal. The White House has pressured Canada to accept the preliminary agreement it struck with Mexico last Monday to update the trilateral trade deal. But Canada insisted that it would only sign a new agreement that is good for the country. One of the major sticking points in the talks is a so-called dispute resolution system, contained in Chapter 19 of the original NAFTA agreement. The US has proposed to scrap the dispute resolution system that Canada regard as crucial. "We' ve said from the very beginning that we need a dispute resolution mechanism like Chapter 19 and we will hold firm on that," Canadian Prime Minister Justin Trudeau said on Tuesday. "As I've said, we will not sign a deal that is bad for Canadians and, quite frankly, not having a Chapter 19 to ensure that the rules are followed would be bad for Canadians," he said. While US officials have indicated that they are prepared to go ahead and sign a NAFTA deal only with Mexico, the US business community and many lawmakers have insisted that the NAFTA deal should remain a trilateral pact. Senate Finance Committee Ranking Member Ron Wyden on Tuesday also refuted Trump's assertion that he could unilaterally withdraw from NAFTA without congressional approval. "The president needs to take a look at the Constitution -- it gives Congress authority over trade. The President cannot pull America out of NAFTA without Congress's permission," Wyden said in a statement. Talks on renegotiating the NAFTA began in August 2017 as Trump threatened to withdraw from the trilateral trade deal, which he claimed harmed US industries and jobs.

    1 year ago
  • 'No political necessity' to keep Canada in new NAFTA deal: Trump
    Sources'No political necessity' to keep Canada in new NAFTA deal: Trump

    US President Donald Trump said on Saturday that there is "no political necessity" to keep Canada in the new North American Free Trade Agreement (NAFTA) deal.

    1 year ago
  • NAFTA talks with Canada going very well, says Trump
    SourcesNAFTA talks with Canada going very well, says Trump

    US President Donald Trump on Wednesday said that negotiations with Canada to incorporate it into the revised North American Free Trade Agreement are going "very well", and he revealed that he spoke this week with Canadian Prime Minister Justin Trudeau.

    1 year ago
  • Trump announces trade pact with Mexico
    SourcesTrump announces trade pact with Mexico

    US President Donald Trump said on Monday that US and Mexican negotiators reached an agreement on revising the 1994 North American Free Trade Agreement.

    1 year ago
  • US officials say accord on NAFTA very close
    SourcesUS officials say accord on NAFTA very close

    US Treasury Secretary Steve Mnuchin expressed optimism on Thursday about reaching accord quickly with Canada and Mexico on revising the 1994 North American Free Trade Agreement (NAFTA).

    1 year ago
  • Donald Trump heads for Singapore following tensions with Canada
    World NewsDonald Trump heads for Singapore following tensions with Canada

    US President Donald Trump made an early departure on Saturday from the Group of Seven (G7) Summit amid tensions with Canada over the subjects of trade and NAFTA, and headed for Singapore where he will meet on June 12 with North Korean leader Kim Jong-un.

    1 year ago
  • 7th round of NAFTA talks end on mixed note
    World News7th round of NAFTA talks end on mixed note

    The seventh round of the North American Free Trade Agreement (NAFTA) talks ended hereon a mixed note with the US calling the progress not good enough but Mexico remaining upbeat.

    2 years ago
  • Donald Trump threatens Canada of pulling off milk imports
    World NewsDonald Trump threatens Canada of pulling off milk imports

    President Donald Trump accused Canada of hurting milk producers in Wisconsin and other US states, warning that he will not continue to put up with such behaviour.

    2 years ago