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Trump, Trudeau differ on NAFTA talks

13 October 2017

"It's possible we won't be able to make a deal and it's possible that we will", Trump said, noting the close relations between the two countries and leaders.

The newspaper said British ministers were looking at joining the North American Free Trade Agreement (NAFTA) as part of planning for the possibility of Britain leaving the European Union in March 2019 without a trade deal. Trump left open the possibility that the United States would seek to establish bilateral deals with Canada and Mexico if talks were to break down.

In comments made at the White House with Justin Trudeau, prime minister of Canada, ahead of the start of fourth round of talks, Trump warned it was "possible" that the USA would drop out of the 1994 deal.

Pena Nieto's term is almost up in government and with Mexico one of the countries on Trudeau's priority list for stronger relations, one goal of this visit is to forge new relationships and cement Canada's standing in the eyes of Mexicans as a trusted partner in all things, not just trade. The question now becomes are we going to be the country that leads this shift?

"There's a path to be optimistic", he said.

Trump, who made trade a key part of his 2016 presidential campaign, has repeatedly criticized Canada, alleging that it unfairly blocks USA dairy products and subsidizes its softwood lumber industry.

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In effect, it would be walking away unilaterally. "Trump's foreign policy is a disaster and must be stopped", concluded Sen. Engel said the USA would lose any leverage it has with allies in the deal if it abandons the JCPOA.

As well as the sunset clause, the United States wants to boost how much North American content autos must contain to qualify for tax-free status and eliminate a dispute settlement mechanisms that Canada insists must stay. "Two countries that are interwoven in our economies and our cultures and our peoples", Trudeau said.

Trudeau in turn threatened to cancel a purchase of 18 fighter jets from American aerospace giant Boeing, saying he had told Trump he "disagreed vehemently" with the U.S. decision.

The meeting, part of a bilateral "CEO dialogue" that meets a couple of times each year, included a closed-door discussion on the NAFTA negotiations addressed by Foreign Minister Luis Videgaray and Economy Minister Idelfonso Guajardo, who are in charge of the negotiations for Mexico.

The U.S.is expected to propose substantially raising the regional requirement, from 62.5 percent now, and potentially add a U.S. -specific content requirement. American Express, AT&T, GM and Delta were listed on publicity material for an event hosted by the U.S. Chamber of Commerce in Mexico on Tuesday, where Donohue warned that several U.S. proposals in the NAFTA talks were "poison pills" that risked dooming the agreement. USA negotiators have countered with a proposal that would effectively grant the other countries less access, people familiar with the talks say. "New or revised negotiated trade agreements should have standards that are explicit and enforceable with regular rigorous consultation".

In an earlier statement, Mr Donohue said abandoning Nafta would create an "existential threat" to North America's national and economic security.

Trump, Trudeau differ on NAFTA talks