Grim reality of NAFTA talks sets in after tough U.S. demands
REUTERS: Negotiators from Canada and Mexico grappled with U.S. demands to drastically alter the North American Free Trade Agreement on Saturday, as talks over renewal of the pact vilified by President Donald Trump ran through a fourth straight day. Some downcast participants said the demands, unveiled this week in line with Trump’s “America First” agenda, have increased the odds of NAFTA’s demise. At the very least, they could make it impossible to reach a deal renewing the treaty before a year-end deadline.
U.S. Proposes Gutting Nafta Legal-Dispute Tribunals
BLOOMBERG NEWS: U.S. Nafta negotiators are proposing to essentially do away with the independent tribunals that oversee the trading and investment relationship, either by eliminating them altogether or substantially scaling back their roles, people familiar with negotiations say. The U.S. has proposed its changes for two types of independent dispute settlement rules under the North American Free Trade Agreement — so-called investor-state rules as well as provisions to settle state-to-state disputes at an independent panel.
Editorial: Nafta future unclear despite US, Canada bid to strike a deal
GULF TIMES: The future of the North American Free Trade Agreement remains unclear although the leaders of the United States and Canada are trying to strike a new deal on Nafta, which seeks to eliminate trade barriers among the US, Canada and Mexico and generate trade growth. The United States has threatened to withdraw from the agreement that has been in effect since 1994 with President Donald Trump terming it “bad” and “lopsided” from the US point of view.
Five things to know about Trump and NAFTA
THE HILL: Talk is growing that President Trump could really pull the United States out of the North American Free Trade Agreement (NAFTA) with Canada and Mexico. A fourth round of talks is taking place this week in Washington, and the negotiations seem surrounded by angst and gloom for those with the most invested in the pact’s future.
As Trump Moves To Renegotiate NAFTA, U.S. Farmers Are Hopeful But Nervous
NPR: President Trump made his view of the North American Free Trade Agreement very clear during the presidential election. He called NAFTA “the worst trade deal in … the history of this country.” And Trump blamed NAFTA for the loss of millions of U.S. manufacturing jobs. His administration is in the midst of renegotiating the free trade deal with Canada and Mexico, and that is making many U.S. farmers and ranchers nervous.
Canadian and American unions seek to raise wages in Mexico amid NAFTA talks
NEW YORK DAILY NEWS: Amid tense talks to renegotiate the North American Free Trade Agreement, one strong alliance has emerged: a pro-worker bond between Canadian officials and the U.S. labor movement. Both American and Canadian unions want to raise wages in Mexico — in part to improve conditions for workers there and also to level the playing field on production costs. And the Canadian government has won union allies with its hard-line position that the U.S. must ban state right-to-work laws as part of an updated NAFTA.