The End Result Of NAFTA?

President Trump simply looks at the challenge and says it is far easier to accept the Canadian position and make an independent move that will remove 1/4 of the pizza.
President Trump simply looks at the challenge and says it is far easier to accept the Canadian position and make an independent move that will remove 1/4 of the pizza.

President Trump Notes Canadian Trade Priorities Conflict With U.S-Mexico, Here’s the Likely End Result…

U.S. Trade Representative Robert Lighthizer has submitted a regulatory 90-day notification to congress outlining the intent to modify the U.S. trade deal with Mexico according to mutually agreed terms.

However, the Canadian trade priorities; including retention of protectionist tariffs (dairy) and non-regulatory barriers (telecom/banking); in combination with subsidies (lumber/aeronautics), make Canada joining the deal almost impossible.

Canada is scheduled to meet with Lighthizer again on Wednesday, but it seems very doubtful the political needs for Justin Trudeau would allow any three-way agreement.

If you take the U.S-Mexico deal out of the U.S-Canadian discussion and just look at the fundamental baselines for the Canadian position it becomes easier to see the problem.

On the issues at the heart of the Canadian trade priorities any movement away from the current trade relationship with the U.S. is a loss.

[Read It All]

See Also:

(1) ATTN: Sundance (and Lawyers)

(2) The harsh reality: Canada’s in a near-impossible situation on NAFTA, experts say

(3) No U.S-Canada Trade Deal Likely – Canada Deploys Media To Frame Political Cover for Failed Negotiations

(4) Trump warns Congress not to ‘interfere’ in his revised NAFTA deal

(5) Trump Hits Canada Over Trade Talks: U.S. Shouldn’t Have to ‘Buy’ Allies with ‘Bad’ Deals

Watch:

(Visited 239 times, 239 visits today)
newest oldest most voted
Notify of