NAFTA deal could be imminent

Trump Didn’t Have A Meeting Scheduled With Trudeau — But He Canceled It Anyway

Trump Didn’t Have A Meeting Scheduled With Trudeau — But He Canceled It Anyway

"We know each other's position".

"That's going to make it very hard to sell a deal at home". It is unclear, however, whether Trump has authority from Congress to pursue a revamped NAFTA with only Mexico, and some lawmakers say they won't go along with a deal that leaves out Canada.

In a sign of the mounting pressure, Canadian Foreign Minister Chrystia Freeland postponed her country's annual address to the U.N. General Assembly on Saturday to return to Ottawa.

Mexican Economy Minister Ildefonso Guajardo was scheduled to present the text of the August 27 agreement, which aims to rebalance auto trade and modernize parts of NAFTA, to Mexico's Senate at 7 p.m. EDT, Mexican government and Senate sources said.

Trump cast serious doubts on the negotiations.

Sources familiar with the talks told Reuters on September 11 that Canada was ready to give the United States limited dairy access.

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USA business groups oppose turning NAFTA into a bilateral deal because the three nations' economies have become closely intertwined since the original pact came into force in 1994. "Look, it's a negotiation", said one official familiar with the talks, adding that disagreements should not be mistaken for animus - and insisting that Freeland's relationship with her United States counterpart continued to be "cordial".

Mexico's new president-elect, however, said in an interview Friday that he has agreed to push the American side to make a deal with Canada. That didn't happen, and talks have continued. The Trump administration could face barriers in Congress if it tries to advance a deal without Canada. Canada would be allowed on board, he explained, but they'd have to agree to the terms spelled out in the bilateral agreement.

In a copy of the letter Trump sent to the Speaker of the House of Representatives and to the President of the Senate, Trump said he meant to initiate trade negotiations with both countries, and enter the agreement by the end of November 2018, saying that "dramatic progress" has been made related to several areas. "They have to be fair". "There are several sticking points", he added.

Three of the major outstanding issues between Canada and the NAFTA talks leading up to this week were Section 232 national security tariffs, NAFTA's Chapter 19 dispute resolution mechanism, and regulations around Canada's dairy sector.

Over the course of the talks Canada predicted, and has experienced, as Freeland put it: "moments of drama".

"I'm hearing that people are extremely anxious about where this is going, and people use language behind the scenes like "it looks like the Americans are driving towards a cliff on this, and Canada will have to follow" and we don't want to see that", said member of Canada's NAFTA Advisory Council Rona Ambrose on CTV's Question Period back in October 2017.

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"The notion of countries signing a trade agreement at different times is not new", said Lori Wallach, head of Public Citizen's Global Trade Watch. There were reports Sunday evening that the us was prepared to concede on this point.

By January of this year, Freeland said Canada was preparing for the worst.

"My thanks for your advice and support", Trudeau posted in a statement on Twitter, stating he'd spoken to David McKay, president and CEO of the Royal Bank of Canada; Victor Dodig, CIBC president and CEO; Scotiabank president and CEO Brian Porter; BMO financial group CEO Darryl White and TD president and CEO Bharat Masrani.

Earlier Sunday, one of Trump's senior trade advisers, Peter Navarro, told Fox News that Canada's positions on dairy sector regulations and on worldwide dispute resolution remained among "several sticking points", but suggested that disagreements over digital intellectual property and certain pharmaceutical protections had been largely resolved.

The U.S. exported more goods to Canada a year ago than to China, Japan and Germany combined.

"Lots of progress, but we're not there yet", Canada's ambassador to Washington, David MacNaughton, told reporters.

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