Wrapping up the fourth round of talks on the North American Free Trade Agreement (NAFTA), the U.S. proposed a dismantling of Canada’s dairy supply management system. Bloomberg reports Canada “flatly rejects” the proposal by the United States. The proposal would effectively kill Canada’s supply management system by fully eliminating tariffs on supply-managed products over ten years. President Donald Trump earlier …
Axios: Capitol Hill Asking “When” will NAFTA Withdraw Notice Come
Canada and Mexico have both said they are not walking away from the North American Free Trade Agreement (NAFTA) following hard-hitting proposals by the United States. However, online source Axios points out that folks on Capitol Hill are starting to ask “when” not “if” President Trump will issue a notice to withdraw from NAFTA. The U.S. hardball approach on dairy …
NAFTA Talks Turn to Agriculture, Dairy
The U.S. wants to reverse Canada’s dairy supply management system as part of the North American Free Trade Agreement (NAFTA) renegotiation. U.S. negotiators centered on the agriculture chapter of NAFTA over the weekend and proposed to reverse Canadian dairy pricing program that has undercut certain U.S. dairy exports to Canada. The text, which demands that Canada eliminates an industry pricing …
Business Leaders Push to Keep KORUS Intact
Business leaders from the U.S. and Korea are pressing South Korea and the United States to “eliminate the uncertainty” around the U.S.-Korea Free Trade Agreement, known as KORUS. The U.S.-Korea Business Council, along with the Korea-U.S. Business Council, issued a joint statement, calling KORUS “a platform to expand bilateral trade.” President Donald Trump has threatened to withdraw the U.S. from …
U.S., Japan, Planning Another Trade Meeting
Vice President Mike Pence is meeting with Japan Monday in Washington. D.C. to talk trade. Politico reports that Pence and Japan’s Deputy Prime Minister will meet for the second round of the U.S.-Japan economic dialogue launched by the Trump administration in the wake of Trump’s decision to pull out of the Trans-Pacific Partnership. Japan is expected to propose to change …
More Than Bluster to President Trump’s Threats to Pull Out of NAFTA
A former USDA trade chief argues there’s more than bluster to President Trump’s threats to pull out of the North American Free Trade Agreement (NAFTA). Paul Drazek was the trade adviser to USDA Secretary Dan Glickman in the Bill Clinton Administration. Drazek says he feels recent threats by President Trump to pull out of NAFTA, key for U.S. agriculture, are …
Ag, Business Groups Hit Capitol Hill
As the fourth round of NAFTA talks continues, numerous agriculture and business groups are increasingly concerned about the future of the 23-year old agreement. Politico’s Morning Ag Report says a large group of organizations, including the American Farm Bureau, National Pork Producers Council, the Coalition of Services Industries, and many others hit Capitol Hill on Wednesday. The goal was to …
Perdue Says NAFTA Benefits Canada More Than U.S.
Ag Secretary Sonny Perdue talked with Fox Business about some of America’s grievances with Canada being outlined in the North American Free Trade Agreement (NAFTA) negotiations. Perdue says past trade deals lacked enforcement, so the president is sending a message to Mexico and Canada. “He’s serious about trade deficits,” Perdue says. “He’s serious about keeping jobs in the U.S.,” Perdue …
U.S. Offers Proposal That Could Kill NAFTA in 5 years
U.S. negotiators officially offered the “sunset clause” proposal on Wednesday during the North American Free Trade Agreement (NAFTA) negotiations. The sunset clause would bring NAFTA to an end after five years unless the three countries involved agree to extend it. Two people familiar with the talks told Bloomberg that the proposal was made to a smaller group of negotiators. The …
Canada Expects NAFTA Completion on Time
While visiting Washington, D.C. this week, Canada Prime Minister Justin Trudeau says he believes the North American Free Trade Agreement (NAFTA) partners can reach an agreement, and on time. Trudeau visited with President Donald Trump in the White House, along with speaking with U.S. lawmakers on the House Ways and Means Committee. Even as Trump said while standing next to …