Larry Kudlow: Canada must 'compromise' to get new NAFTA deal

Enlarge this image

Guajardo said if Ottawa and Washington fail to come to agreement, Mexico would have to return to the negotiating table to revisit some of the auto industry rules.

Bracewell LLP senior principal Josh Zive said it was unfortunate that the Trump administration provided few details over how the so-called United States-Mexico Trade Agreement would address the investor-state dispute settlement (ISDS) provision of NAFTA.

"When it comes to specific issues, we have a huge amount of work to do this week at the ministerial level and also officials are really grinding through extremely intensively", the minister said as she emerged from her first meeting of the day with Lighthizer.

New vehicle prices are going to rise for additional reasons as well, Krebs noted, such as costs related to aluminum and steel tariffs they've absorbed.

Canadian officials say an agreement announced earlier in the week between the us and Mexico, which includes common ground on the hard issue of labour within the auto sector, has broken a logjam in the talks. "The appearance of Canada as an irrelevant after-thought in NAFTA is a USA frame designed exclusively to wrestle concessions from the Canadian side", says Adam Taylor. He said: "You know, they have tariffs of nearly 300 per cent on some of our dairy products, so we can't have that".

"We're pushing hard to conclude an agreement that is win, win, win - a modern and progressive agreement that is in line with our values and our ambitions and that will benefit not only Canadian businesses but all Canadians", he said.

Mexico's Ildefonso Guajardo and U.S. Trade Representative Robert Lighthizer after talks. The timeline accommodates a 90-day waiting period under US trade law before President Donald Trump can sign the pact.

"Canada's largest dairy-producing provinces are divided on ending supply management as part of trade talks, with roughly one-in-three in Quebec (35%) and Ontario (34%) preferring to keep the program, and similar numbers preferring to end it (39% in Ontario; 32% in Quebec)" says the Angus Reid website.




Pickup trucks, which also account for a significant proportion of Mexican auto exports, were a "very different animal", Guajardo said. The President said he had spoken to Justin Trudeau on the phone, insisting that "He called me, I didn't call him".

"This is a very, very intense set of conversations and I continue to feel that there is a lot of goodwill on all sides", Freeland told reporters earlier Thursday.

Trump was meeting with the president of FIFA Tuesday when he said his stalled wall "will be paid for, very easily, by Mexico". Canada wants to keep the chapter strong, while Americans insist that it undermines USA sovereignty and negotiating capabilities. "We're not going to stand for that". "Major concessions put forward by Mexico" said auto union leader Jerry Diaz.

"I would be surprised if it was wrapped up this week", said Gary Hufbauer, a former US government trade official and fellow at Washington's Peterson Institute of International Economics.

Officials said they hope Canada will agree to the terms by Friday, when the White House plans to formally notify Congress that Trump will sign the deal in 90 days. At each of the six-year reviews, the parties can decide to extend the deal for another 16 years, according to the Trump administration official.

Some lawmakers said however, that a bilateral pact could lose the benefits of USA "fast-track" negotiating authority, which calls for a trilateral deal.

Trump, who has called NAFTA a "rip off" for the USA, called Monday's announcement a big win.

Related news:

Hot News

isis-killer-beheading-video-story-top Florida candidate makes 'monkey' comment about black opponent
Aug 31, 2018 - 22:48
Asked if he's afraid of President Donald Trump's support for DeSantis , Gillum told CNN that his race is about uniting the state. White said DeSantis is not a good choice for Florida governor because the state has had single party rule for over two decades.

isis-killer-beheading-video-story-top Ariana Grande will perform at Aretha Franklin's funeral
Aug 31, 2018 - 17:48
After the funeral, Franklin will be entombed at Woodlawn Cemetery in Detroit , along with her father, Rev. He said they 'talked all the time, ' the last just a couple weeks before she became too ill to speak.

isis-killer-beheading-video-story-top Venus eyes potential clash with Serena
Aug 30, 2018 - 21:39
She faces Belarus' Victoria Azarenka next, after the former world number one beat Daria Gavrilova 6-1 6-2. The other was in the very first one in which they played each other, the 1998 Australian Open.

Google Go search app receives AI-powered feature for reading out websites
Aug 29, 2018 - 07:37
According to Google, the amount of online content in Indian languages is only 1 percent of what's available in English. The company has partnered with local Andhra Pradesh State FiberNet Limited to reach nearly 10 million people.

isis-killer-beheading-video-story-top Moscow warns Washington against 'reckless steps' in Syria
Aug 29, 2018 - 06:57
But the latest warning is more specific, and it comes on the eve of what may be one of the bloodiest campaigns in Syria's civil war.

isis-killer-beheading-video-story-top President Trump threatens Google over allegedly "rigged" search results
Aug 29, 2018 - 04:50
In supporting this allegation, she goes to Google and looks through the first hundred listings on the search engine results page. The president slammed the tech giant for "rigging" search results to suppress conservative voices.

isis-killer-beheading-video-story-top Manchester United's Jose Mourinho 'inspirational' to other managers - Mauricio Pochettino
Aug 29, 2018 - 03:51
The result means United have started a Premier League season with two defeats in their first three games for the first since 1992. After beating Leicester in its opener, United lost to Brighton 3-2 and now has three points after three rounds.

isis-killer-beheading-video-story-top U.S., Mexico reach NAFTA deal; talks with Canada to start immediately
Aug 29, 2018 - 01:33
But Trump and other critics say it encouraged USA manufacturers to move south of the border to exploit low-wage Mexican labor. A fact sheet describing the bilateral agreement specified the content would be made in the United States and Mexico.

isis-killer-beheading-video-story-top Seeking Brexit friends, United Kingdom aims to be Africa's top investor
Aug 28, 2018 - 21:42
The Prime Minister will be visiting Nigeria as part of her first-time visit to three African countries since she resumed office. May also said Britain supported South Africa's land reform program, provided it is carried out legally.

isis-killer-beheading-video-story-top Lawyer backs off claims about information Cohen has
Aug 28, 2018 - 21:24
In other words, the story reports claims that Cohen had said he was willing to make, not the underlying truth of those claims . According to BuzzFeed News, Davis was the confirming source for all of that.

isis-killer-beheading-video-story-top 'An American hero': Touching tributes flow for John McCain
Aug 28, 2018 - 21:03
Trump also posted about McCain's death on his Instagram page - in a fashion that drew near-immediate condemnation. US President Donald Trump offered his condolences to the family of John McCain, who died on Saturday.

isis-killer-beheading-video-story-top Services, memorial held in honor of McCain - KVOA | KVOA.com | Tucson, Arizona
Aug 28, 2018 - 21:01
The next day, the procession will pass the Vietnam Veterans Memorial and head to a funeral at Washington National Cathedral . McCain frequently battled with Donald Trump and his family has said he did not want the president to attend his funeral.

isis-killer-beheading-video-story-top Halep stunned by Kanepi in US Open first round
Aug 28, 2018 - 20:23
She then reached the final in Cincinnati, making her a favorite at the U.S. Kaia Kanepi defeated Halep 6-2, 6-4 on Monday in the first round in NY .

isis-killer-beheading-video-story-top Giants, Odell Beckham Jr. finalize massive five-year contract extension
Aug 28, 2018 - 20:10
Last season, Ramsey played 16 games and recorded four interceptions to go with 52 tackles on his way to his first Pro Bowl appearance.

isis-killer-beheading-video-story-top President Trump Announces Renaming, Overhaul to NAFTA in 'Fairer' Deal with Mexico
Aug 28, 2018 - 19:56
In addition, 40 to 45 percent of the parts of cars sold must be made by employees making at least $16 per hour. Canadian Foreign Minister Chrystia Freeland will travel to Washington , D.C., on Tuesday for negotiations.