Trudeau: NAFTA deal possible by Friday, but only if good for Canada

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So it's unclear whether a USA deal with Mexico alone would clear Congress' requirements. "No NAFTA deal is better than a bad NAFTA deal". Analysts have said they don't necessarily need a full agreement by then, and Lighthizer has said he might be able to send a letter that leaves a door open to Canada joining.

The U.S.is emphasizing the Friday deadline, but there's some wiggle room. "This Friday business is just Trump bullying, which he likes to do".

The leaders of the United States and Canada expressed optimism on August 29 that they could reach new NAFTA deal by a Friday deadline as negotiators prepared to talk through the night, although Canada warned that a number of tricky issues remained.

"The goal is to make the clock their friend", he said.

Canadian Foreign Minister Chrystia Freeland on Wednesday expressed optimism about ongoing trade talks with the White House, part of fast-moving negotiations in President Trump's push to rework the North American Trade Agreement. Nieto would gain a legacy achievement, Lopez Obrador the ability to blame any shortcomings in it on the previous regime. The offer, the report said, is part of an effort to save a dispute-settlement system within NAFTA, maintain safeguards for cultural industries and avert tougher pharmaceutical patent protections.

At the same time, President Donald Trump spoke optimistically about the deal's progress saying "we're probably on good track".

Canada also objects to the U.S. call to eliminate bi-national panels to resolve trade disputes among NAFTA partners under Chapter 19, which appears to have been dropped in the deal with Mexico. Magna International (MG.TO) saw a more muted response.

Congress has done so repeatedly over the years, he said. In Canada, it is a near-$20-billion industry that employs more than 220,000 people. "The text could shift, but not the core of concessions and undertakings".

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Freeland has credited the Mexicans for their hard decision to compromise on labour and wages as part of its auto rules of origin talks with the USA, saying it has cleared the way for more substantive talks between Washington and Ottawa.

Regardless, the Canadians likely want to avoid being forced into accepting a crucially important agreement in three days, for political reasons at least, said Hufbauer.

Nantais said he's encouraged to see progress on NAFTA negotiations, but that it will be critical to understand the terms that have actually been agreed to so far.

"If it was wrapped up this week, it would look humiliating to the Trudeau government", he said.

However, Trudeau cast the issue in black-and-white terms as he sidestepped a question on Wednesday about whether Canada would be willing to open up its market to more US dairy. An aide to former Conservative trade minister Ed Fast argued that the only way Congress might approve such a deal is if Canada walked away from the negotiations, which the Trudeau government has consistently ruled out.

"We recognize there is a possibility of getting there by Friday, but it is only a possibility because it will hinge on whether or not there is ultimately a good deal for Canada, a good deal for Canadians", Trudeau said at an event in northern Ontario. "It will either be a tariff on cars, or it will be a negotiated deal", he said.

The prime minister said Canada is "determined to conclude an agreement that's equitable for all the concerned parties". "It could end in one day and we take in a lot of money the following day", Trump said. The agreement would have given the USA and 10 other Pacific Rim countries access to 3.25 per cent of Canada's dairy market.

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