Home / World News / Canada and the United States disrupt the talks on NAFTA, Trump’s comment exhausts his state of mind

Canada and the United States disrupt the talks on NAFTA, Trump’s comment exhausts his state of mind

Canada and the United States disrupt the talks on NAFTA, Trump’s comment exhausts his state of mind

WASHINGTON (Reuters) – Canada and the United States ended talks on Friday to update the North American Free Trade Agreement in a mood exhausted by President Donald Trump’s comments that a pact would be in US terms while Ottawa remains sign against signing “any agreement”.

Canada’s chief negotiator and Foreign Minister, Chrystia Freeland, is scheduled to hold a press conference at 4:30 p.m. M., Eastern Time, Friday (2030 GMT). It was not clear if the two countries had agreed to a deal.

The Wall Street Journal said the talks had been concluded without an agreement and that Trump was expected to notify Congress of plans to proceed with Mexico’s exclusive trade pact.

The Canadian dollar weakened to C $ 1.3081 per US dollar after the Wall Street Journal report. Canadian stocks remained at 0.5 per Trump confirmed the unofficial comments he made to Bloomberg News this week that any trade agreement with Canada would be “fully within our reach”.

The Toronto Star reported for the first time on the comments citing comments it had obtained. “At least Canada knows where I am,” he said later on Twitter. US Trade Representative Robert Lighthizer and Freeland resumed talks for the fourth day on Friday.

Mexico was on alert to return to discussions aimed at ending a year of hard-fought negotiations over the North American three-way Free Trade Agreement. Global stocks also fell after the hard line reversal in Trump’s comments on trade. Lighthizer has refused to give in despite Freeland’s repeated efforts to offer some milk concessions to maintain the independent NAFTA Chapter 19 trade dispute resolution mechanism, The Globe and Mail reported Friday.

However, a spokeswoman for the USTR said Canada had not made concessions on agriculture, which includes dairy products, but added that negotiations continued. The United States wants to eliminate Chapter 19, the mechanism that has prevented it from carrying out anti-dumping and anti-subsidy cases. Lighthizer said Monday that Mexico had agreed to cut the mechanism.

For Ottawa, Chapter 19 is a red line. But Freeland said on Friday that his team “is not there yet” to resolve the big differences. “We are looking for a good deal, not just any deal, and we will only accept an agreement that is good business for Canada,” Freeland told reporters. In a speech in North Carolina on Friday Trump gave another blow in Canada. “I love Canada, but they have taken advantage of our country for many years,” he said.

About admin