giftedviz.com
giftedviz.com September 26, 2017


Trump administration writes Congress to officially trigger NAFTA renegotiation

19 May 2017, 11:18 | Austin Hogan

US President Donald Trump has put the wheels in motion on a major trade shake-up, after his administration triggered the renegotiation of the North-American Free Trade Agreement on Thursday.

Trilateral negotiations could begin as early as August 16.

Lighthizer said the US will seek to "support higher-paying jobs in the United States and to grow the USA economy by improving USA opportunities to trade with Canada and Mexico".

Late in April Trump had considered a full withdrawal from Nafta, but was persuaded by senior officials in his administration to pursue negotiations instead.

But longtime congressional critics of the trade deal that that contributed to Midwestern manufacturing job loss expressed skepticism that a president who packed his cabinet with Wall Street veterans will make trade changes that help the middle class.

Lighthizer, who is the administration's main trade negotiator and whose confirmation process dragged on until last week, said that the pact had been successful for some industries, such as agriculture, but that for others, such as manufacturing, it had not. "Central to any successful NAFTA negotiations will be changes to Canada's new policies created to harm bilateral trade and dump their structural dairy surplus on the world market".

"We are prepared", Videgaray said Thursday in Washington.

"We understand that this is a 25-year-old agreement", he said.

U.S. launches strikes against Syrian militia
Defense Secretary Jim Mattis said, "We are not increasing our role in the Syrian civil war, but we will defend our troops". Syria has condemned the strike as a "brazen attack" that undermined claims the alliance is fighting extremists.


Former asst. special counsel: Don't expect public updates
Congressional leaders have emphasized that House and Senate investigations will continue irregardless of other investigations. In naming Robert Mueller , the United States deputy attorney general said it was in the public interest to pick an outsider.


Rodman & Renshaw Reiterates Neutral Rating for Valeant Pharmaceuticals Intl Inc (VRX)
The stock witnessed 48.04% gains, -21.41% declines and -24.5% declines for the 1-month, 3-month and 6-month period, respectively. On average, analysts expect that Valeant Pharmaceuticals Intl will post $3.89 earnings per share for the current fiscal year.


Trump made NAFTA a key issue during the election, calling it the "worst deal in United States history, " and promising to "tear it up" if he could not renegotiate the agreement.

The groups have repeatedly urged administration officials and legislators to focus on maintaining what has worked well, such as trade with Mexico, the top market for US dairy exports.

"The trilateral agreement has been an vast benefit for all parties", Mexico's economic ministry said in a statement. The 2017 Trade Policy Agenda of the Office of the U.S. Trade Representative (USTR) provided some context for this dissatisfaction with NAFTA, and observed that "f$3 or years now, the United States has run trade deficits in goods with our trading partners in the [NAFTA]".

The Council on Foreign Relations website indicates that NAFTA "fundamentally reshaped North American economic relations, driving an unprecedented integration between Canada and the United States' developed economies and Mexico, a developing country". He opted for discussions with Canadian and Mexican officials to renegotiate the accord.

U.S. Senator John Cornyn released this statement after the announcement of NAFTA negotiations.

Adding data privacy and security provisions in the trade pact with Canada and Mexico would modernize the agreement to more accurately reflect the scope of commerce in the age of the internet.

Canada and Mexico supported TPP, and so they might be open to renegotiating Nafta in that way.

"Congress and the administration must work hand-in-hand if we are to achieve the high-standard trade agreements our country needs to grow", says Senate Finance Chairman Orrin Hatch, R-Utah.



Other News

Trending Now

Analysts Reveals Updates on Horizon Pharma Ord (NASDAQ:HZNP)
Finally, Highbridge Capital Management LLC increased its stake in shares of Horizon Pharma PLC by 128.2% in the first quarter. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website .

UK's Labour pledges new Brexit strategy if it wins election
Brexit is the issue voters can not escape, less than a year after they chose to part ways with the EU. May told her party not to become complacent as opinion polls had been repeatedly wrong.

Harry Kane eyes Premier League goals century by end of next season
Spurs have already secured a second-placed finish in the Premier League and sealed Champions League football for another year. In the Premier League era, Everton have never had a Golden Boot victor , while Tottenham had the first.

Justice Official Knew Trump Would Fire Comey, Senators Say
Daria called the special counsel "second best" compared to the Office of Independent Counsel, but that "ceased to exist in 1999". Exactly one month later, Trump said nearly the same thing during a news conference.

GOP senator: North Korea missile test 'one of most advanced yet'
But leader Kim Jong Un has promised a sixth nuclear test, warning that his country's weapons could strike the U.S. mainland. In all, six sanction resolutions have been imposed on North Korea, since it carried out its first nuclear test in 2006.

Wallie Morris: Protect individuals with pre-existing conditions
That market has national plans which provide work based coverage for the staff of every congress member. Then, we are right back where we were when it became necessary to create the Affordable Care Act.

Get ready for a VR browsing experience with Daydream Euphrates
That makes it more like a spoken, virtual version of a YouTube comments section than a closed social app like Facebook's Spaces. The upgrade is a significant step from the Daydream Holster which can only detect the head tilts and not the position.

Joel Embiid expects to return to court in 2-3 weeks
Whether he was downing pink lemonade or expressing his love for Shirley Temples , Embiid made it clear he couldn't get enough. Joel Embiid's unrequited crush on Rihanna could be nearing a breakthrough.

Trump May Take Spicer Off the Briefings
In related news, Trump is reported to be "furious" that Fox News host Kimberly Guilfoyle has openly sought Spicer's job . Last week , Trump threatened to cancel all future press briefings "for the sake of accuracy" in an early morning tweet.

Silva sees Man City progress under Guardiola in trophyless campaign
Let's prove that we are a club that is looking to achieve important things, maybe one day be the main club in the city and take this club forward'".