Sharp rise in United States government lobbying in run up to NAFTA renegotiations

Canadian Dollar Image Reflection
NAFTA Round One: Gordon Johnson Weighs In On Free Trade's Effects On Steel, Manufacturing
Author

25 August, 2017

Trump has long voiced his displeasure with NAFTA, a 1994 trade pact that governs well over a $1 trillion worth of two-way trade in USA goods and services.

Suggesting a termination might help jumpstart the negotiations, Trump said, "I personally don't think you can make a deal without a termination".

Without the support of Congress, a president might withdraw the United States from the worldwide agreement, but he could not singlehandedly wave away the law on the United States books that implemented NAFTA.

What is NAFTA trade treaty? Saying NAFTA had cost America hundreds of thousands of jobs, Lighthizer insisted on the need to take steps to reduce America's trade deficit and to ensure that more of the goods that qualify for NAFTA's duty-free status be made in the United States.

The Canada-U.S. two-year bond spread stood at -5.3 basis points, while the 10-year spread stood at -28.8 basis points. The agricultural leaders also sent a joint letter to their respective countries, reiterating calls that NAFTA renegotiations should aim to modernize the agreement rather than to dismantle it.

On Wednesday he told Mexican television Trump was "negotiating in his own particular style".

"Personally, I don't think we can make a deal because we have been so badly taken advantage of", he said. Exports of goods to Mexico and Canada have more than tripled, from $142 billion to $517 billion.

More news: USA couple name their baby after total solar eclipse

The Canadian and Mexican negotiators believe NAFTA needs to be updated. Trump re-opened negotiations of the 1994 treaty out of concern United States economic interests were suffering. And that could mean fewer trade benefits for the United States, said Benjamin Gedan, who was National Security Council director for Latin America during the Obama administration.

In this brief, we discuss the sharp rise in USA government lobbying in the run up to the NAFTA renegotiations, the reform of Chapter 11 (the investor-state dispute settlement chapter of NAFTA), and a Trade Case Alert relating to certain polyethylene terephthalate resin from China, India, Oman and Pakistan. Luc Laliberté, who teaches U.s. history at Cégep Garneau in Quebec city, told TVA News that the remarks of Donald Trump's put the negotiators in a hard context.

It began weakening during Trump's Tuesday-night campaign rally in Phoenix and remained in a downward slide over the next several hours.

"That's baked into every trade promotion authority bill and into every free-trade agreement", she said.

A Canadian government official cited by the newswires said they were expecting Trump to threaten to scrap NAFTA during negotiations.

Canada brushed off suggestions that Trump's threats would disrupt the talks.

The negotiation between the three countries has formally started last week. In an interview several weeks ago, Robert Holleyman said it was a serious tactical error when Trump made the threat in April. Canada's alternative to a successful renegotiation may thus be a return to the old Canada-US FTA of 1989 or, even worse, to the World Trade Organization conditions.


More news


  • Texas man accused of trying to bomb Confederate statue

    Texas man accused of trying to bomb Confederate statue

    The scribd.com tags for the document include: "Explosive Material", "Chemical Reactions", "Nitrogen", "Molecules", and "Alkene". Schneck has been charged with " attempting to maliciously damage or destroy property receiving federal financial assistance ".
    North Korea: US can not  dodge 'merciless strike'

    North Korea: US can not dodge 'merciless strike'

    The media in the Communist state yesterday described the teachings as "reckless" action, which could lead to a nuclear war. Kim would "watch a little more the foolish and stupid conduct of the Yankees", a North Korean statement said last week.
    Xbox One X leak suggests limited 'Project Scorpio Edition'

    Xbox One X leak suggests limited 'Project Scorpio Edition'

    Microsoft will be announcing pre-order details for the Xbox One X at Gamescom on August 20th at the end of its live event. KitGuru Says: I doubt Microsoft will have anything to announce that drastically changes the Xbox One X launch lineup.
  • United Kingdom  government prevaricates over ECJ jurisdiction

    United Kingdom government prevaricates over ECJ jurisdiction

    May, time and again, has said the European Court of Justice (ECJ ) will have no say over the United Kingdom after Brexit . And at the Tory conference last October, she spoke of a " Britain in which we pass our own laws and govern ourselves".
    Trump's campaign rally in Arizona survives Charlottesville fallout

    Trump's campaign rally in Arizona survives Charlottesville fallout

    If you're planning to fly a drone to capture footage of the scene outside the convention center or the president's arrival, don't. More than 3,000 people have RSVP-ed to a Facebook event for a protest that is planned at the Herberger Theater at 6 p.m.
    Donald Trump responds to Barcelona attack with reviving 'Internet rumor'

    Donald Trump responds to Barcelona attack with reviving 'Internet rumor'

    Pershing, the World War I-era general, is not based on historical evidence and appears to have been spread by chain emails. President Donald Trump is condemning what Spanish authorities say is a deadly terrorist attack in Barcelona .
  • Here's the Official Star Wars Battlefront II Starfighter Assault Gameplay Trailer

    Here's the Official Star Wars Battlefront II Starfighter Assault Gameplay Trailer

    Battlefront II is scheduled to launch officially in November for Microsoft Xbox One, Sony PlayStation 4 gaming consoles and PC. An actual gameplay stream for this mode in Star Wars Battlefront 2 is expected to take place at Gamescom .
    Day after Barcelona attack, two killed in stabbing incidents in Finland, Germany

    Day after Barcelona attack, two killed in stabbing incidents in Finland, Germany

    Police are said to have shot the man who struck in the western city of Turku , and are looking for more potential suspects. Interior Minister Paula Risikko she did not yet know whether the attack was related to terrorism.
    Delhi: Employee of five star hotel Pride Plaza molested by security…

    Delhi: Employee of five star hotel Pride Plaza molested by security…

    When contacted, the hotel authorities said the manager had been dismissed from service but denied sacking the complainant. The woman had complained to police on 30 of July and the FIR was registered on August 1 with the IGIA police station.
  • Barnaby Joyce might be a Kiwi

    Barnaby Joyce might be a Kiwi

    Australia's opposition has mocked Ms Bishop's claims, accusing her of a "Kiwis under the bed scare campaign". He told Parliament on Monday that he has received a legal advice that he hasn't breached any rules.
    Situation in Assam remains grim

    Situation in Assam remains grim

    He added that 2.74 lakh people were shifted to safer places and of them, 1.16 lakh were put up in 504 relief camps. Rail connectivity in flood-hit areas in Bihar and West Bengal has been affected too.
    Huawei Mate 10's Bezel-less Display Looks Gorgeous in 3D Renders

    Huawei Mate 10's Bezel-less Display Looks Gorgeous in 3D Renders

    The invite doesn't give us too many details about the device and comes with a tagline "Meet the device worth waiting for". And, if rumours are to be believed, then the world may just have got the first glimpse of the Huawei Mate 10 .