Both parties in Senate skeptical of Trump's US-Mexico trade deal

Both parties in Senate skeptical of Trump's US-Mexico trade deal

Both parties in Senate skeptical of Trump's US-Mexico trade deal

Governor Greg Abbott also pointed out the significance of a trilateral agreement, pointing out that Canada is a major trading partner with Texas.

"The U.S.is much important to Canada than Canada is to the U.S.", Nanos said.

The administration wanted to limit the number of eligible professions in the TN visa program and decrease the number of visa renewals even though Congress passed a bill in 2016 barring any administration from trying to change the number of visas granted to a country as part of trade negotiations.

"The Australian dollar weakness can be largely attributed to a delay [ed] reaction to President Trump's remarks denting expectations of a quick trade resolution with China", said NAB's Rodrigo Catril.

For Trump, striking a new trade deal with Mexico - and possibly Canada - would be welcomed as a political win for Republicans ahead of the crucial USA midterm elections this fall. "The President's NAFTA announcement is light on details and leaves out our critical ally Canada", Castro said in a written statement.

There is still a lot of questions about the full status of the visas, particularly what will come of the tens of thousands of Canadian professionals, such as accountants, engineers and nurses, who work in the United States on TN visas, if Canada is not incorporated into the trade deal. "I think the citizens of both countries have accommodated the reality of the 'new-new, ' which means nothing's final".

The Comprehensive Economic and Trade Agreement (CETA) will let Europe boost its exports of cheese to Canada from less than one million kilograms to 16 million, equivalent to about 1.5 per cent of the dairy market.

The preliminary deal with Mexico might bring more manufacturing to the United States.


Candian Foreign Minister Chrystia Freeland speaks to journalists outside the U.S. Trade Representative's office in Washington, U.S., August 28, 2018.

Sonny Perdue, the USA agriculture secretary, has said the Americans don't really need Canada to scrap supply management, but has highlighted another sore point, known prosaically as Canada's class-seven milk program.

While announcing the new deal with Mexico, Trump criticized Canada's dairy industry, which regulates pricing and supply in a process known as supply management. But administration officials said Monday there's no reason Congress couldn't approve a two-way deal with Mexico, if necessary.

David Janssens with his dairy cows at his farm in Surrey on Tuesday. ‘Trump has a bull's eye on dairy, so that concerns us, but I doubt it's the end of supply management, ’ says Janssens.

The White House has said Trump will sign the deal 90 days after notification. There are real questions about whether this is even enforceable. At the same time, Foreign Minister Luis Videgaray told reporters that "Mexico will have a free trade agreement regardless of the outcome" of U.S. The goal? Set a new NAFTA-like agreement in place with Canada and Mexico before the next Mexican government administration takes office.

And when Trudeau became prime minister, many Canadians reveled in the worldwide attention Canada got for its handsome, self-styled "feminist" leader.

For the automotive industry, a major employer in the Kansas City metropolitan area, it would require at least 75 percent of the value of new vehicles to be produced in either the US or Mexico, with 40 to 45 percent of the value being produced by workers earning at least $16 an hour.

One sticking point for Canada is the US effort to dump the Chapter 19 dispute resolution mechanism that hinders the United States from pursuing anti-dumping and anti-subsidy cases.

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