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PostPosted: Sat Apr 01, 2017 10:48 am    Post subject: US sets out demands for NAFTA talks Reply with quote

U.S. ses out demands for NAFTA talks

President Donald Trump's administration wants across-the-board changes to the North American free-trade agreement that would tilt the rules of cross-border commerce more clearly in favour of U.S. business.

The draft eight page letter to Congress from acting United States Trade Representative Stephen Vaughn outlnes more than 40 negotiating objectives the White House is seeking as the U.S. prepares to reopen NAFTA in talks with Canada and Mexico.

The revisions sought go far beyond the modest "tweak" for Canada that Mr. Trump promised when he received Prime Minister Justin Trudeau in Washington last month.

The article doesn't get specific, referring to "coded language recognizable to Republicans" , whatever that means. I take it to be another journalistic slur.

The five key things the Trump administration wants are:
(1) the right to impose temporary tariffs any time imports hurt the US;
(2) tougher rules of origin, which will protect US jobs;
(3) more market access for US companies to government contracts to agriculture;
(4) get rid of expert panels which decide trade disputes; and
(5) to "level the playing field on tax treatment".


Joined: 16 Dec 2009
Posts: 5410
Reputation: 274
votes: 8

PostPosted: Sat Apr 01, 2017 11:01 am    Post subject: Reply with quote

And now this:

Liberals to consider possible retaliation against Trump’s ‘Buy American’ policies: document

John Ivison | March 31, 2017 6:29 PM ET

The Liberal cabinet is set to consider retaliation against the Trump administration if it expands “Buy American” policies that threaten Canadian jobs.

A memorandum to cabinet obtained by the National Post notes there have been an increasing number of proposals in the U.S. to introduce new or expand existing buy local policies that provide incentives for companies to move manufacturing from Canada to the U.S.

“Such policies could result in the loss of hundreds or thousands of Canadian jobs,” says the document, which explains the issue and seeks cabinet approval.

One potential response could be to apply restrictions to the use of U.S. goods like iron and steel used in infrastructure projects in Canada that include federal funding, the memorandum says.

A Global Affairs spokesman declined to comment on the document.

President Donald Trump signed an executive order Friday demanding within 90 days a study of all the ways other countries use unfair anti-competitive practises against the U.S., and Canada is named as one of the 16 nations to be examined.

Canada has the smallest trade surplus of any of the countries being examined — much of it attributable to oil exports — and Wilbur Ross, the U.S. commerce secretary, said it is likely no action will be taken against some of the countries under examination.

“The United States regularly assesses what its partners are doing and what’s going on with the trade relationship between any two countries in the world,” Prime Minister Justin Trudeau said Friday. “The relationship between Canada and the United States is unlike the relationship between any two countries in the world.” [....]

This could get tough, and it implies life in Canada is threatened with change, and not in a good direction. My bet is that it won't be that desperate because our imbalance of trade comes from resources, and we are the closest to their markets.

The larger point is that economic policy is about to change. But isn't the case that when the government is trying to create inflation -- another word for higher prices -- and promoting a ever-weakening currency, there's something wrong?

And is Trudeau, who famously implied that Trump is a racist, the best person to represent Canada? After all, he keeps sticking his thumb in Trump's eye publicly.

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US sets out demands for NAFTA talks

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