The new NAFTA agreements after the United States threaten Canada's car rates



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Canadian Minister of Foreign Affairs Chrystia Freeland. (AP Photo / Carolyn Kaster, File)

The United States and Canada began a series of crucial negotiations on a new North American Free Trade Agreement on Saturday after the Trump administration renewed its threat to impose tariffs on the United States. imports of cars made in Canada.

Mexico was due to release Friday night the text of its announced trade agreement with the United States, but was chosen because of the new round of US-Canada negotiations. Under US law, the trade agreement must be made public 60 days before it can be signed.

"We will know in the next 48 hours whether we will have a bilateral text or trilateral," said Friday to Mexican senators, Ildefonso Guajardo, Minister of Economy, saying that the United States and Canada had requested the postponement.

President Trump has angrily denounced Canadians at a press conference at the UN this week, saying that he had rejected Canadian Prime Minister Justin Trudeau's request to hold a meeting to discuss the commercial impasse.

"His rates are too high and he does not seem to want to move," said Trump. "And I told him, forget about it."

According to Canada Financial Post In the press, Canadians agreed to resume negotiations after US Trade Representative Robert Lighthizer reaffirmed Trump's threat to impose devastating tariffs on imports of cars from Canada.

The newspaper quotes an American commercial source stating that Lighthizer has told Canada that Sunday is the last deadline. "The message was," you are either getting automatic rates, "said the source," It was enough to scare Canada. "

The United States and Canada have not been able to resolve their differences on two key issues: Canada's tariffs that protect its dairy sector and the insistence on the establishment of a dispute settlement mechanism in any new NAFTA agreement, as in the original agreement.

Canada's chief negotiator, Foreign Affairs Minister Chrystia Freeland, will address the UN General Assembly on Saturday and will be available in New York to continue discussions with the United States.

The Trump administration could extend the talks because of the relentless opposition of the new Mexican president, Andres Manuel Lopez Obrador, to NAFTA becoming a trade agreement between two countries. He told reporters in Mexico City that the United States had created a new offer in Canada.

"We will continue to push for a trilateral agreement and we hope there will be an agreement between the United States and Canada," said Lopez Obrador. In any case, we have already agreed with the United States and we will not review what has been agreed. "

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Canadian Minister of Foreign Affairs Chrystia Freeland. (AP Photo / Carolyn Kaster, File)

The United States and Canada began a series of crucial negotiations on a new North American Free Trade Agreement on Saturday after the Trump administration renewed its threat to impose tariffs on the United States. imports of cars made in Canada.

Mexico was due to release Friday night the text of its announced trade agreement with the United States, but was chosen because of the new round of US-Canada negotiations. Under US law, the trade agreement must be made public 60 days before it can be signed.

"We will know in the next 48 hours whether we will have a bilateral text or trilateral," said Friday to Mexican senators, Ildefonso Guajardo, Minister of Economy, saying that the United States and Canada had requested the postponement.

President Trump has angrily denounced Canadians at a press conference at the UN this week, saying that he had rejected Canadian Prime Minister Justin Trudeau's request to hold a meeting to discuss the commercial impasse.

"His rates are too high and he does not seem to want to move," said Trump. "And I told him, forget about it."

According to Canada Financial Post In the press, Canadians agreed to resume negotiations after US Trade Representative Robert Lighthizer reaffirmed Trump's threat to impose devastating tariffs on imports of cars from Canada.

The newspaper quotes an American commercial source stating that Lighthizer has told Canada that Sunday is the last deadline. "The message was," you are either getting automatic rates, "said the source," It was enough to scare Canada. "

The United States and Canada have not been able to resolve their differences on two key issues: Canada's tariffs that protect its dairy sector and the insistence on the establishment of a dispute settlement mechanism in any new NAFTA agreement, as in the original agreement.

Canada's chief negotiator, Foreign Affairs Minister Chrystia Freeland, will address the UN General Assembly on Saturday and will be available in New York to continue discussions with the United States.

The Trump administration could extend the talks because of the relentless opposition of the new Mexican president, Andres Manuel Lopez Obrador, to NAFTA becoming a trade agreement between two countries. He told reporters in Mexico City that the United States had created a new offer in Canada.

"We will continue to push for a trilateral agreement and we hope there will be an agreement between the United States and Canada," said Lopez Obrador. In any case, we have already agreed with the United States and we will not review what has been agreed. "

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