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Tag Archives: trade

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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#CANADA WELCOMES TRUMP SUGGESTION ON #NAFTA

Canadian Foreign Minister Chrystia Freeland said Friday that Canada welcomes President Donald Trump’s suggestion to extend the NAFTA talks deadline. Talks are scheduled to wrap up by the end of March to avoid clashing with Mexican elections but have stalled amid major disagreements. (Reuters)

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GOP GOVERNORS MEET WITH PENCE ON #NAFTA

Governors from Michigan, Iowa, Arkansas and Tennessee Thursday met with Vice President Mike Pence to voice deep concerns over proposed changes to NAFTA. The governors collectively said they understand the need to renegotiate the deal, but asked the administration to protect the agreement to avoid serious harm to agriculture, retail and manufacturing sectors in their… 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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#NAFTA TALKS RESUME

The fifth round of NAFTA talks begin this week in Mexico City with negotiators from Canada, Mexico and the U.S. trying to make progress on some of the key sticking points. U.S. negotiators included a list of demands in previous rounds which threaten to derail the trade pact, including an automatic expiry clause and scrapping… read more

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TRUMP’S #TRADE SKEPTICISM HURTS #MIDWEST

The Chicago Tribune’s editorial board Monday said President Donald Trump’s fear of trade deals like TPP could leave the Midwest out in the cold. “In large deals, however, all sides get more because reducing barriers leads to increased economic activity,” the board said. “We won’t know for some time the impact of bowing out of… read more

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MOST AMERICANS SUPPORT #NAFTA

56%t of Americans say that NAFTA is good for the U.S., while just 33% say it’s bad,  according to a new survey by the Pew Research Center. Additionally, just 30% of Americans say the agreement benefits Mexico more than the U.S.; only 20% say the same of Canada.

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