Trump calls for a fair trade deal with Canada

Vicente Fox the former president of Mexico said that Donald Trump is 'not a responsible president.'

Canada and the U.S. need to present a text to the U.S. Congress by October 1 in order to join the deal the Trump administration signed with Mexico last week, trade analysts say.

The US and Canada have been unable to agree on several issues, including barriers that Ottawa places on the import of dairy, Canadian rules on movies, books and other media, and on the mechanism to settle trade disputes, The New York Times has reported, quoting sources.

The U.S. and Mexico reached a side deal last month, leaving Canada to negotiate separately with the U.S.

The loonie had been pressured by the prospect of an escalation in a trade dispute between the United States and China, with U.S. President Donald Trump gearing up to impose tariffs on $200 billion in Chinese goods and Beijing certain to retaliate against any measures.

"I think that it's not necessarily a disaster", she said. It was obvious that for Trump anything that replaced NAFTA had to reflect US primacy in North America even more than the already lopsided deal, whereby the USA got privileged access to Mexican and Canadian energy resources, and a bill of rights for its giant corporations. "And we know we have a president who doesn't always follow the rules as they're laid out", Trudeau said.

Officials for both sides are scheduled to meet in Washington on Wednesday in a bid to settle some major differences.

Canada's negotiating team in Washington is returning to the bargaining table to resume talks with their USA counterparts, hoping for a breakthrough to reach a deal on the North American Free Trade Agreement.

National Post: "From cars to medicine, uncertainty of NAFTA deal means consumers lose out, experts say" - "Under nearly any normal circumstance, the negotiation of a trade pact between countries should result in benefits for consumers, say experts who are closely watching the North American free trade talks unfold in Washington".

Speaking to reporters later at the Northern Alberta Institute of Technology, the prime minister repeated that he will not accept a NAFTA deal that is bad for Canadians.

Trudeau said on Tuesday: "There are a number of things we absolutely must see in a renegotiated NAFTA", and reiterated he would not sign a bad deal. But those talks excluded Canada, the third NAFTA country.

"Governor Scott has been clear - he supports free and open trade with the world".

Trump is under pressure from Republicans to preserve NAFTA as a deal among all three North American countries, but the president showed signs of chafing at the pressure from Congress. Photo by Laura Krantz/VTDigger The White House informed Congress Friday that it intends sign a new NAFTA deal, with or without Canada, within 90 days, the required period for congressional review.

The tentative deal struck with Mexico calls for a horizon of 16 years for the new terms, with provisions for a review of the revised pact every six years.

But for Canada there is no urgency, Leblond said.

The emergence of the cultural exemption as a bone of contention at this stage in the talks surprised those who have followed NAFTA closely.

Canada wants a permanent exemption from President Donald Trump's steel and aluminum tariffs and the threat of auto tariffs to be removed.

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As the two sides met for talks, new economic data showed that the USA trade deficit with Canada grew to $3.1 billion in July.

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