July 21, 2018

Donald Trump refuses to commit to trade pact — NAFTA

13 October 2017, 12:06 | Austin Hogan

During his campaign President Donald Trump promised several policy changes that would benefit agriculture

Trade Negotiations Put Ag On Watch

President Trump on Wednesday signaled the possibility of the US striking a bilateral trade deal with Canada if talks to renegotiate NAFTA break down.

U.S. Commerce Secretary Wilbur Ross, one of Trump's top trade advisers, downplayed the chances that a NAFTA termination would become necessary. Meanwhile, Trump ally Newt Gingrich was advising observers to ignore the bluster and expect the pact's salvation.

Visiting Washington on Wednesday, Canadian Prime Minister Justin Trudeau told reporters that he thinks "it is very important and very possible to get a win-win-win" from the NAFTA talks.

Mexico's Economy Minister Ildefonso Guajardo gestures to journalists after the 9th US-Mexico CEO Dialogue in Mexico City, Mexico October 11, 2017. International Trade and Customs Attorney Dan Ujczo said the tone of Trump Administration negotiators is getting more aggressive. "It's possible we won't be able to reach a deal with one or the other, but in the meantime we'll make a deal with one".

Trade experts predict the fourth round of the talks will probably stall as the US aggressively pushes for controversial changes to a rule governing how cars are made. Trudeau, for his own part, cautioned against speculation and emphasized the prospects for an agreement.

Labour unions, such as the Canadian union Unifor, have lobbied hard for the NAFTA renegotiation to address those disparities. "My optimism is based on the fact I know how good it has been".

Trump has repeatedly threatened to withdraw if he does not win concessions to reduce a US trade deficit of around $64 billion with Mexico.

NAFTA eliminated trade barriers between the U.S., Canada and Mexico to generate trade growth. "We have to provide certainty for investment to succeed to create jobs and grow our economies". Meantime, Reed noted that much USA -made wine being brought into Canada is subject to a tax, whereas Canadian wine brought into the United States is not. It has argued repeatedly that the trade pact is critical to USA industries such as agriculture and manufacturing. But speaking to media after the talks, Trudeau also appeared to signal openness to a new two-country accord if that is what it takes to save free trade between the US and Canada. He said the likelihood of passing a deal would drop after the so-called fast-track authority expires in July.

Super Mario Mario Warms up to his Odyssey with Dance Act
This trailer also does a great job in showing how Mario's feats amaze the people around him, as everyone smiles in Mario's wake. For even more cuteness, we see Mario throw his hat to a dog who playfully catches it without getting possessed.

Is Neville Quitting WWE?
It's being reported that Neville walked out of RAW last night after either asking for his release or quitting outright. is reporting that according to multiple WWE sources they have spoken with Neville has not departed WWE.

Disney CANCELS Upcoming Animated Film 'Gigantic'
The film was originally set to be released in 2020 and would have featured Jack making friends with a female giant child. For now, Disney fans can still look forward to Ralph Breaks the Internet: Wreck-It Ralph 2 in 2018 and Frozen 2 in 2019.

Reed, a Corning Republican, and Rep. Brian Higgins, a Buffalo Democrat, joined other members of the House Ways and Means Committee in a morning meeting with Trudeau, who was later scheduled to meet with President Trump. The Trump administration is demanding that change as well.

"Let's just agree to disagree", Ross replied.

Trudeau met Trump in the Oval Office at the start of a new round of talks over NAFTA.

The negotiators are under pressure to reach a deal this year - before presidential elections in Mexico and midterm elections in the United States raise the political temperature in 2018.

Harper, whose Conservatives governed Canada from 2006 to 2015, warned that companies should be studying the consequences if the deal collapses.

NAFTA "no longer has the value it once had in terms of market access", he said Tuesday, because tariffs have fallen worldwide. "It has to be a lot more than some kind of technical revamp and I think that's going to be tough to get to". But he stressed that Trump needed fundamental changes.

"There are several poison pill proposals still on the table that could doom the entire deal", Donohue said at an event hosted by the American Chamber of Commerce of Mexico, where he said the "existential threat" to NAFTA threatened regional security. We don't desire that it will.

Other News

Trending Now

Child left behind at Utah corn maze
Police say someone spotted the boy late Monday night and brought the situation to the attention of maze staff. Investigators went to the house and said several families live there together with multiple children.

Kathy Griffin's CNN New Year's Eve Host Replacement Revealed
Cohen and Cooper have traveled the country with a stage show, "AC2", in which they tell stories and take questions. The two will co-host CNN's New Year's Eve coverage. "It is clearly disgusting and completely inappropriate".

Trump to nominate Kirstjen Nielsen as homeland security secretary
President Trump has selected Kirstjen Nielsen, a top White House aide and a former homeland security official in the George W. The White House hasn't made an official announcement on Nielsen's nomination as of publication.

Valero Energy Corp (NYSE:VLO) Institutional Investors Sentiment Change
First Personal Financial Services increased its position in shares of Valero Energy Corporation by 13.6% in the second quarter. Mathes Company Inc. holds 0.88% of its portfolio in Flaherty & Crumrine Dynamic Preferred & Income Fund Inc for 70,025 shares.

Iran warns U.S. on designating Guards terrorist group
According to him, if any side fails to stand committed to the deal, it would be tarnishing its own reputation. The aide went on to accuse Washington of supporting Islamic State (IS, formerly ISISISIL) terrorists.

Open Ocean Presents Considerable Opportunity For Offshore Wind Energy Generation
In fact those ocean-based wind farms were able to generate as much as three times more energy than their land-based counterparts. But extracting efficient energy from wind involves more than putting turbines in the path of gale-force winds.

Ten booked for hazing in LSU fraternity death
Eight of the suspects are LSU students and were active members of the fraternity, according to university spokesman Ernie Ballard. The coroner's conclusion was that Gruver died of acute alcohol poisoning with aspiration, and classified the death an accident.

Global T20 League postponed to next year
Just two weeks ago, CSA and their CEO Haroon Lorgat parted ways. "This league will be delivered", he asserted. Moroe stated that the various franchise owners were in complete support of the decision of postponement.

Next Weeks Broker Price Targets For JP Morgan Chase & Co (NYSE:JPM)
The rating was maintained by Bank of America with "Buy" on Sunday, July 16. (NYSE:RYN) on Tuesday, September 22 to "Sell" rating. Therefore 52% are positive. 07/19/2017 - J P Morgan Chase & Co had its "perform" rating reiterated by analysts at Oppenheimer.

Comparable Company Analysis: Marathon Petroleum Corporation (MPC), Zayo Group Holdings, Inc. (ZAYO)
Marathon Oil Corporation on 6/29/2017 reported its EPS as $-0.11 with the analysts projecting the EPS of the stock as $-0.2. On average, analysts anticipate that Marathon Oil Co. will post ($0.17) earnings per share for the current fiscal year.