Reading Time: 4 minutes Washington | Reuters — The United States drew a hard line for renegotiating the North American Free Trade Agreement on Wednesday, demanding major concessions aimed at slashing U.S. trade deficits with Mexico and Canada and boosting U.S. content for autos. At the start of talks in Washington, U.S. President Donald Trump’s top trade adviser, Robert […] Read more
U.S. takes tough lines as NAFTA negotiations begin
Canada suggests it could quit NAFTA talks over dispute mechanism
Reading Time: 2 minutes Ottawa | Reuters –– Canada laid down a tough line ahead of talks on modernizing NAFTA on Monday, suggesting it could walk away if the U.S. pushed to remove a key dispute-settlement mechanism in the trade deal. Foreign Minister Chrystia Freeland, giving the most substantive outline yet of Canada’s goals, said she was “very optimistic” […] Read more
Canada, Mexico urge quick NAFTA talks to end uncertainty
Reading Time: 2 minutes Washington/Ottawa | Reuters — Top Canadian and Mexican diplomats expressed optimism on Thursday that a NAFTA deal could be reached early next year and cautioned that widespread uncertainty over the future of the three-way trade agreement had slowed business investment. Mexican sources say the plan is to hold seven rounds of talks at three-week intervals, […] Read more
NAFTA dispute resolution mechanism critical, Canada says
Reading Time: 2 minutes Ottawa | Reuters — Canada believes it is critical for NAFTA to have a dispute resolution mechanism, a senior official said on Tuesday, setting up a potential clash with Washington when talks to renegotiate the pact begin. The U.S. on Monday released its goals for the talks, which aim to update an agreement that came […] Read more
U.S. dairy lobby increases pressure on Canada
Reading Time: 3 minutes Ottawa/Winnipeg | Reuters — The U.S. dairy lobby is ratcheting up the pressure on Canada as talks to renegotiate NAFTA draw closer, demanding concessions the Canadian government looks unwilling to grant, according to people familiar with the file. The result could be a brawl that sours efforts to modernize the North American Free Trade Agreement, […] Read more
Deal reached to avert CN strike, union head says
Reading Time: 2 minutes Montreal/Ottawa | Reuters — Canadian National Railway and a union representing 3,000 conductors on Monday reached an agreement in principle ahead of a looming strike deadline at Canada’s largest railroad, said a top union official. The union had set a strike deadline of Tuesday at 4 a.m. ET after the railroad announced new work rules […] Read more
Canada taps veteran negotiator to drive talks on NAFTA
Reading Time: 2 minutes Ottawa | Reuters –– Canada’s senior negotiator at talks to renew NAFTA will be the official who worked for years to push through a major free trade deal with Europe, two sources familiar with the matter said on Thursday. Steve Verheul faces another challenge as he deals with the U.S., which is threatening to walk […] Read more
Trudeau defends dairy system against Trump protectionist charge
Reading Time: 2 minutes Ottawa | Reuters — Canadian Prime Minister Justin Trudeau on Thursday brushed off an attack by U.S. President Donald Trump on Canada’s system of dairy protections, saying every nation defended its agricultural industries. Trudeau told Bloomberg Television that the U.S. in fact ran a dairy surplus with Canada. Trump took aim at Canada’s dairy industry […] Read more
Canada stresses NAFTA talks to involve all members
Reading Time: 2 minutes Toronto | Reuters –– Any talks to renew the North American Free Trade Agreement would involve all three member nations, a top Canadian official said on Tuesday, dampening speculation the U.S. might seek to sit down with Canada first and then Mexico. “We very much recognize that NAFTA is a three-nation agreement and were there […] Read more
Despite Trump talk of ‘tweaking’ NAFTA, Canada could still be hurt
Reading Time: 2 minutes Ottawa | Reuters — Although U.S. President Donald Trump says he only wants to tweak trade ties with Canada, his pledge to renegotiate NAFTA to focus on Mexico is almost impossible and Canada will not emerge unscathed, Canadian officials and trade experts said Tuesday. Trump had warm words for Canadian trade following a meeting with […] Read more
A message from April Stewart, Country Guide's Associate Editor
