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Tag Archives: NAFTA

THAWING #NAFTA PROSPECTS

During an Illinois Farm Bureau breakfast sponsored by COUNTRY Financial at the American Farm Bureau Federation Convention, Canadian Agriculture Attache Michael Hawkins touted the benefits of NAFTA. He said farmers in Canada and the U.S. stand to lose if negotiations break down. (FarmWeekNow.com)  

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IFB URGES LESS ANTI-NAFTA RHETORIC

Voting delegates at IFB’s annual meeting in Chicago this week approved a resolution urging less rhetoric and more negotiation from the Trump administration on NAFTA. Members also sent more than 1,100 emails to members of Congress in support of NAFTA during the annual meeting. “If you watch the rhetoric and the press releases, the anti-trade… read more

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ENDING #NAFTA WOULD HURT GROWTH, COMPETITIVENESS

Ending NAFTA would harm the U.S. and Canadian economies and reduce their competitiveness versus Asia and Europe, according to a Monday report issued by the Bank of Montreal. The report, titled “The Day After NAFTA,” says failing to renegotiate the 23-year-old trade pact would lead to a 0.2 percent net reduction in real U.S. GDP… read more

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#NAFTA NEGOTIATIORS LOCK HORNS

Negotiators from the U.S., Mexico and Canada Tuesday will square off for the last time during the fifth round of talks to rework NAFTA. Talks could become contentious with negotiators pushing back against U.S. demands to raise the minimum threshold for NAFTA autos to 85 percent from 62.5 percent, as well as insist that fully… read more

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GOP LAWMAKERS WORRIED #NAFTA TALKS WILL FAIL

Pro-trade Republicans in Congress are growing worried that President Donald Trump may try to withdraw the U.S. from NAFTA rather than negotiate a compromise. Iowa Sen. Chuck Grassley said USTR Robert Lighthizer agreed that scrapping the deal would be hard on U.S. ag, but said that Lighthizer’s approach was “taking everybody to the brink on… read more

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U.S. EXIT FROM #NAFTA WON’T HURT #MEXICO

Mexico’s economy minister Ildefonso Guajardo Thursday said he didn’t agree with U.S. Commerce Secretary Wilbur Ross’ comments that it would be devastating for Mexico if the U.S. withdrew from NAFTA. “Without a doubt, Mexico could face a short-term impact because the market is very sensitive to marketing, branding,” Guajardo said. “Our ability to adjust, and… read more

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U.S. #TRADE POLICY AT A ‘CRITICAL JUNCTURE’

U.S. Sen. Pat Roberts this week warned the path the Trump administration could take on NAFTA “is fraught with a lot of dangers.” Speaking with Sen. Ted Cruz at a pro-NAFTA event hosted by the U.S. Chamber of Commerce, Roberts said, “We are coming to a crossroads, and the decisions made on international trade will… read more

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NAFTA NEGOTIATIONS EXTENDED

U.S., Canadian and Mexican officials Tuesday agreed to extend NAFTA negotiations into the first quarter of 2018. The most recent round of talks, which ended Tuesday, ended in hostility over aggressive U.S. demands on autos, a five-year sunset clause and Canada’s dairy regulations. Representatives of all three countries agreed they faced “significant conceptual gaps” in… read more

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#MEXICO BRACING FOR NAFTA COLLAPSE

Mexico is getting ready for the possibility that the U.S. will pull out of NAFTA by courting other trading partners. The country has put negotiations for new or updated trade deals with other countries on the fast track, with new suppliers like Argentina and Chile already sending products to Mexican stores. (New York Times)

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NAFTA NON-STARTERS

Mexican and Canadian officials attending the fourth round of NAFTA talks – happening through Tuesday in Arlington, Virginia – are grappling with a list of increasingly difficult demands from U.S. negotiators. Last week, the U.S. proposed the trade deal expire every five years unless trading partners agreed to extend it, and asked for the lion’s… read more

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