Trump delaying NAFTA deal until after U.S. midterm elections

Leroy Wright
July 6, 2018

"And this is not a way to treat friends".

Mexican president-elect Andres Manuel Lopez Obrador said he supports the continued renegotiation of NAFTA, and wants his own team of experts to be part of the talks before he takes office December 1.

Canada also signaled last week that it was losing interest in a fair trade agreement saying that it doesn't think the renegotiation of NAFTA will happen.

Canada could slide into recession if Donald Trump carries through on his threat to slap tariffs on auto imports to the US, according to a new report by Scotiabank Economics.

"One of the things that Canada and Mexico share is the fact that the United States depends on both countries for its survival", Gomez said.

United States ambassador to Canada Bruce Heyman along with wife Vicki and daughters Carolined and Liza (left to right) welcome guests the US ambassador's official residence in Ottawa, as they take part in July 4th celebrations on July 4, 2015.

In a Fox News interview that aired Sunday, Trump said he was holding out until after the fall's midterm election to get a better deal for the U.S. "Make no mistake about it".

"Protective measures would undermine US growth, negatively impact job creation, and not improve the trade balance", European Union leaders wrote in the 11-page document, adding that auto tariffs would "damage further the reputation of the United States".

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The Trudeau Government announced that in direct, measured and proportional response to USA tariffs on Canadian steel and aluminum, reciprocal surtaxes on $16.6 billion of imports of steel, aluminum and other products from the United States will come into effect July 1, 2018.

"Canada and the United States have an enduring partnership that I am confident will stand the test of time - and believe me, these are testing times", Craft told the crowd, which experienced attendees of the annual gathering described as far smaller than past years.

Speaking on Sunday in Leamington, Ontario, Prime Minister Justin Trudeau thanked Canadians for standing united against President Donald Trump's sanctions.

The renewed call for negotiations also comes as Canada and the US are swapping punitive tariffs on steel, aluminum and a host of consumer and agricultural products.

Kentucky bourbon is among the dozens of consumer products that have been slapped with tariffs by Ottawa as part of its retaliation for US duties on Canadian steel and aluminum. In response to those tariffs, Canada responded with a $16 billion retaliatory set of tariffs on everything from iron to playing cards.

Canadian officials said the measures were designed in part to pressure Trump by focusing on goods from states where his political allies hold sway.

"The first rule of a new NAFTA is: first, do no harm".

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