New Orleans, LA 70181
©2018 All rights reserved.
AUGUST 30, 2018
The liberal bias is clear and Trump is the winner, again. The United States and Mexico agreed on Monday to overhaul the North American Free Trade Agreement (NAFTA), putting pressure on Canada to agree to new terms on auto trade and dispute settlement rules to remain part of the three-nation pact. Auto stocks soared and financial markets firmed on the expectation that Canada would sign on to the deal by the end of the week and ease the economic uncertainty caused by U.S. President Donald Trumps repeated threats that he would ditch the 1994 accord.
But details of gains and concessions in the deal were only starting to emerge on Monday, and Trump threatened he still could put tariffs on Canadian-made cars if Canada did not join its neighbors. I think with Canada, frankly, the easiest we can do is to tariff their cars coming in. Its a tremendous amount of money and its a very simple negotiation. It could end in one day and we take in a lot of money the following day, Trump said.
Trump and Republicans in the U.S. Congress
up for reelection in November want to ensure farmers and other voters whose
jobs depend on trade with Canada and Mexico that the deal is sealed. Mexican
President Enrique Pena Nieto wants to sign the agreement before leaving
office at the end of November, and Canadian Prime Minister Justin Trudeau
faces a national election expected by October 2019.