Trump, Trudeau raise NAFTA brinkmanship, muse about walking away from deal

A New NAFTA Without Canada? Unions and Tech Push Back Against Trump's Mexico-Only Deal

Trump attacks union leader on Labor Day

Chapter 11 lets investors sue governments and Chapter 20 deals with country-to-country disputes. "It won't be fine for Canada".

He warned Congress on Wednesday not to "interfere" with the negotiations and said he would "simply terminate NAFTA entirely and we will be far better off".

Canada's Minister of Foreign Affairs, Chrystia Freeland, who spent the week in Washington D.C. negotiating with White House officials, tweeted on Friday that Canada is "making progress" in its talks to "modernize NAFTA, but we are not there yet".

"We're seeing goodwill on all sides and if we see some more flexibility, then I think we can start to see things moving in a good direction", added the source.

"The three countries in North America, the economy is pretty integrated", Trumka said in a Fox interview.

Even the 25 per cent auto tariffs threatened by Trump (for reasons of national security) are just as likely to go ahead with a new NAFTA deal as without it, just as the USA national security steel and aluminium tariffs occurred under NAFTA.

I think a NAFTA deal is close and that could help to underpin the Canadian dollar in the day ahead.

Prime Minister Justin Trudeau called Mulroney, who has been advising the Liberal government throughout the NAFTA renegotiation, on Saturday. The Trump administration views it as an infringement of USA sovereignty.

"We will not sign a deal that is bad for Canadians, and quiet frankly, not having a Chapter 19 to ensure the rules are followed would be bad for Canadians", he said. "He made some important comments".

The Trump administration last week reached a tentative deal with Mexico that updates the quarter-century-old NAFTA by incorporating labor and environmental chapters as well as intellectual property protections that were not part of the original pact.

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Canada wants a permanent exemption from Trump's steel and aluminum tariffs and the threat of auto tariffs to be removed. They were rushing to bridge their differences by the end of August so Canada could join a preliminary pact the US had struck with Mexico just days earlier.

The review panel historically has sided with Canada on the softwood lumber issue.

On Tuesday, Prime Minister Trudeau said Canada will not sign onto a deal that does not include a dispute resolution mechanism and exemptions for cultural industries.

On a section on Canadian content in broadcasting, Lighthizer highlighted the Canadian Radio-television and Telecommunications Commission's decision in 2015 that banned the long-time practice of Canadian advertisers inserting their ads into the Super Bowl broadcast over the more popular American ones.

The president has threatened to move ahead on a deal with Mexico, and without Canada.

The new rules went into effect in time for the Super Bowl in February 2017.

"It is inconceivable to Canadians that an American network might buy Canadian media affiliates, whether it's newspapers or TV stations or TV networks", he said.

Dawson sits on a deputy minister's trade advisory committee and hasn't heard it flagged as an emerging concern at the NAFTA table in the past year, and says it's hard to know where the real pressure from the U.S.is coming from without knowing what American negotiators are pressing for.

The Trump Administration notified Congress Friday of its intent to reach a new NAFTA deal with or without Canada. Mexico is also taking on a leadership role in the Alliance of the Pacific, a grouping of Latin American countries linked by free markets, while Canada a year ago struck a comprehensive trade deal with the European Union.

The president told Congress he wants to sign a new NAFTA- even if it's only with Mexico- before the end of the year.

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