GFM Network News

Key round of NAFTA talks opens amid upbeat signs

Reading Time: 2 minutes Montreal | Reuters — Officials opened a key round of negotiations to modernize NAFTA on Tuesday amidst optimistic signs, as U.S. President Donald Trump said the talks were going “pretty well” and Canada’s chief negotiator said he had high hopes for progress. Trump’s remarks helped the Mexican peso stem its losses, a reflection of how […] Read more

Trade talks a dicey situation, Coyne says

Reading Time: 2 minutes Winnipeg | CNS Canada — With Canada in the midst of negotiations for two different trade agreements, the North American Free Trade Agreement and Trans-Pacific Partnership, trade concerns are getting muddled, according to Andrew Coyne. “We need to be conscious of diversifying our trade interests beyond just North America. It would be extremely foolish that […] Read more

U.S. stance on autos sows more doubt about NAFTA overhaul

Reading Time: 3 minutes Arlington, Va. | Reuters — The Trump administration on Friday demanded that U.S.-made content account for half the value of the cars and trucks sold under the North American Free Trade Agreement, raising further doubts about any potential deal to renew the pact. Three sources briefed on the protectionist U.S. proposal, which is in line […] Read more

U.S. makes NAFTA dairy proposal, no market access request

Reading Time: < 1 minute Arlington, Va. | Reuters — U.S. negotiators at talks to renew the North American Free Trade Agreement on Friday formally asked Canada to address a bilateral dispute over dairy pricing, a request the Canadians are set to resist, sources familiar with the talks said. U.S. dairy producers are unhappy that Canadian farmers this year started […] Read more

Trump says U.S.-Canada trade deal possible, excluding Mexico

Reading Time: 3 minutes Washington | Reuters –– U.S. President Donald Trump said on Wednesday he would be open to a bilateral trade pact with Canada if a deal cannot be reached with Mexico to substantially revise the North American Free Trade Agreement. Asked by a reporter if he could envision maintaining free trade with Canada if NAFTA talks […] Read more

NAFTA ministers claim progress in talks

Reading Time: 3 minutes Mexico City | Reuters — Trade Ministers from Canada, Mexico and the United States on Tuesday said they made progress in weekend talks to update the NAFTA trade pact, consolidating language for some proposals and reaffirming their commitment to complete negotiations toward the end of 2017. A trilateral statement issued by U.S. Trade Representative Robert […] Read more

NAFTA talks resume in Mexico City

Reading Time: 3 minutes Mexico City | Reuters — Trade negotiators from Canada and the U.S. gathered under rainy skies in Mexico City on Friday to discuss the North American Free Trade Agreement, with the mood darkened by U.S. President Donald Trump’s persistent threats to pull out. Teams from the three countries were due to kick off a second […] Read more

Mexico, Canada dismiss Trump threats to scrap NAFTA

Reading Time: 2 minutes Mexico City/Ottawa | Reuters — Mexico and Canada on Wednesday dismissed U.S. President Donald Trump’s threat to scrap NAFTA, describing it as a negotiating tactic designed to gain an advantage during talks to update one of the world’s biggest trading blocs. In comments that initially pushed Mexico’s peso currency down by more than one per […] Read more