Trade officials from the U.S., Mexico and Canada are hopeful to reach a consensus on the North American Free Trade Agreement (NAFTA) by early May. A trade negotiator from Mexico says “there’s a very high probability of reaching an agreement in principle,” within the next month, according to the Wall Street Journal. Trade leaders from each nation met in Washington, …
Mexico Not Ruling Out Quick NAFTA Result
The Mexican Foreign Minister says he’s not ruling out a quick ending to the North American Free Trade Agreement (NAFTA) talks. Reuters says the top Mexican diplomat says progress is being made on several issue-specific tables of the negotiations. The U.S., Canada, and Mexico’s top negotiators were meeting late in the week to continue discussions. The talks have moved slowly …
U.S. Talking With Other Countries About Tariff Exemptions
The U.S. is currently discussing the possibility of steel and aluminum tariff exemptions with a handful of other countries. A Reuters report says America is currently in talks with the European Union, Australia, and Argentina. U.S. Trade Representative Robert Lighthizer testified before the House Ways and Means Committee Wednesday that President Donald Trump will soon make a decision on imposing …
Mexico, Canada Don’t Want Tariff Exemptions Tied to NAFTA
Mexico and Canada were happy to hear about President’s Trump’s willingness to exclude them from tariffs on steel and aluminum exports to the U.S. However, they expect any talks about a possible permanent exemption to take place outside of the North American Free Trade Agreement negotiations. Politico quotes the Mexican Economy Ministry in a release that says, “The process of …
Canada Staying Calm and Constructive Amidst Trade Talks
As President Donald Trump has ratcheted up the conversation on trade, Canada is sticking to it’s “keep-calm” strategy. While the European Union immediately offered a list of targeted U.S. products in response to Trump’s tariff plan for steel and aluminum, Reuters says Canada is trying to stay constructive, and use negotiations for a better outcome. For now, the tariff plan …
Trump Tells Canada he wants “Fair” NAFTA Deal
President Donald Trump told Canada he wants a fair North American Free Trade Agreement. Speaking over the phone earlier this week to Canadian Prime Minister Justin Trudeau, Trump said he supported an agreement that is “fair to all three countries,” adding that the current deal leaves the U.S. with a trade deficit, according to Politico. The conversation came shortly after …
No Tariff Exceptions for Canada/Mexico
Bloomberg is reporting that there will be no exceptions for Canada and Mexico when it comes to potential tariffs on steel and aluminum imports. The only way they get exempted from the tariffs will be if they sign a new North American Free Trade Agreement that’s better for America. “Canada must treat American farmers better and Mexico must stop drugs …
Agri View: What Is Going on with NAFTA?
Everett Griner talks about what is going on with NAFTA, and why, in today’s Agri View. What is Going on with NAFTA You know it is hard to understand what is going on with NAFTA. Mexican farmers, Canadian farmers and American farmers, want to keep it strong and stable. Our secretary of agriculture himself said that the loss of NAFTA …
Governors Lobby for NAFTA Conclusion
Governors from more than 40 states are in Washington, D.C., this weekend for their annual winter meeting. International issues like the future of trade will be among the topics they’ll cover, as well as the future of food and agriculture. The timing coincides with the start of the seventh round of NAFTA talks, which begin in Mexico City on Sunday. …
NAFTA Exit Would Trigger 15 cent Mexican Sugar Tariff
Withdrawing from the North American Free Trade Agreement (NAFTA) would revert the U.S. tariff on sugar imports from Mexico to 15 cents per-pound, the level in place before NAFTA went into effect. A trade adviser to Agriculture Secretary Sonny Perdue told a meeting of the sweetener industry this week that NAFTA eliminated the U.S. tariff on sugar, but Mexican sugar …