Is NAFTA Dead?

Morneau said he is engaged in intense talks with his U.S. counterparts in the hopes of finding a way forward.
Morneau said he is engaged in intense talks with his U.S. counterparts in the hopes of finding a way forward.

QUEBEC — The Trudeau government has told U.S. President Donald Trump he needs to get rid of the punishing U.S. tariffs on Canadian steel and aluminum if there is any hope of successfully renegotiating the North American Free Trade Agreement.

Finance Minister Bill Morneau said that message was communicated clearly to Trump during his meetings at the G7 summit with fellow leaders, and in his face-to-face talk with Prime Minister Justin Trudeau.

Before departing the G7 summit in Quebec on Saturday, Trump said he wants to make a deal on NAFTA, and he’s open to working with the current pact or striking separate agreements with Canada and Mexico — as long as they agree to renegotiate every five years.

Canada wants a deal too, but the Trudeau government views the U.S.’s proposed five-year sunset clause as a non-starter.

And now, Morneau added the tariffs to Canada’s list of deal breakers on NAFTA. He said progress is being made, but more work needs to be done to conclude the negotiations.

“We’re not going to be able to do that work under the threat of tariffs. And we’re not going to be able to do that work when our retaliatory tariffs, which are real, they’re significant,” Morneau said in a Saturday interview.

The government announced it would impose more than $16.6-billion in retaliatory tariffs, effective July 1, on a variety of U.S. goods. Mexico and the European Union have also planned retaliatory tariff packages.

Trump said that would be a bad idea.

“If they retaliate, they’re making a mistake,” he said.

[…]

See Also:

(1) Trump demands Canada dismantle supply management or risk trading relationship

(2) Arrogance: Trudeau Government Ignores Ontario Election Results, Plan To Impose Carbon Tax Against Will Of The People

(3) Justin Trudeau’s childish antics won’t help on NAFTA/Trade files

(4) Those sexual groping allegations against Trudeau

(5) Canada ‘won’t be pushed around’ in tariff fight with U.S.: Trudeau

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Oh my, all the ‘supposed’ outraged Canadians. Screaming headlines. Trump insults Trudeau! Trump insults Canada! Just more anti-Trump fake media ginned up outrage. The fact of the matter is that this Canadian isn’t outraged about anything Trump said. It’s a ‘man’s world’ out there. It’s what happens when you send out a boy to do a man’s job. I’ve briefly discussed the headlines and the alleged worldwide shock at Trump’s reaction to Trudeau’s stupid, ill conceived little playground politics with a few people since the dumbed down world gasped in horror. Trump is not one to go along with ‘the… Read more »