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by Sebastian Smith Agence France Presse WASHINGTON, United States (AFP) — President Donald Trump on Monday hailed a US trade pact with Canada and Mexico, which replaces the old NAFTA deal, as a historic agreement set to turn North America back into a “manufacturing powerhouse” and fuel US economic expansion. Governing almost $1.2 trillion in trade, the pact is known as the United States-Mexico-Canada Agreement, or USMCA, is “the most important trade deal we’ve ever […]
HONG KONG, China (AFP) — Asia struggled on Thursday to ride the wave of optimism that swept Wall Street to another record close, with investors taking a breather after a strong week across most markets. New York’s indexes powered ahead as news that Canada and the United States were close to a fresh trade deal that would revive NAFTA coincided with better-than-expected US growth and a possible breakthrough in Brexit talks. The pound and euro […]
by H eather SCOTT Agence France Presse WASHINGTON, United States (AFP) — Canada and the United States appeared to be moving closer to a new regional free trade pact, as US President Donald Trump and Canadian Prime Minister Justin Trudeau on Wednesday touted the progress being made. As the crucial phase of talks continued in Washington to try to bridge the differences on a rewrite of the North American Free Trade Agreement, the optimism […]
by Heather Scott Agence France-Presse WASHINGTON, United States (AFP) — As Washington and Ottawa resumed trade talks Tuesday, Canadian Prime Minister Justin Trudeau said he would only sign a new trade pact that was good for his country. Canadian Foreign Minister Chrystia Freeland was upbeat in Washington after meeting US Trade Representative Robert Lighthizer, saying that “detailed” discussions to salvage the North American Free Trade Agreement as a three-nation deal would begin the following […]
by Heather Scott Agence France-Presse WASHINGTON, United States (AFP) — Negotiations between the United States and Mexico to revise the nearly 25-year-old North American Free Trade agreement are making progress but will not be concluded this week, Mexico’s Economy Minister Ildefonso Guajardo said Thursday. But a Chinese delegation, in Washington for talks aimed at defusing the spiraling US trade war with Beijing, left without any breakthrough. NAFTA and China have been two key targets of US President […]
by Heather Scott Agence France Presse WASHINGTON, United States (AFP) — US and Chinese trade negotiators on Wednesday opened talks aimed at averting further confrontations, with a new round of tariffs about to hit, and the Federal Reserve warning that escalation poses a serious economic risk. These are the first formal discussions with China since June on the spiraling and multifaceted trade war between the world’s two largest economies. Meanwhile, US and Mexican officials […]
OTTAWA, Canada (AFP) — Canadian Prime Minister Justin Trudeau and US President Donald Trump discussed Monday ongoing negotiations to revamp the North American Free Trade Agreement, with the White House highlighting the “importance” of reaching a quick conclusion. While Trudeau’s office mentioned the “progress” made, and the “possibility of bringing the negotiations to a prompt conclusion,” the US side was more direct. “President Trump underscored the importance of quickly concluding an agreement,” the White House […]
by Heather Scott © Agence France-Presse WASHINGTON, United States (AFP) — Key US trading partners face a looming deadline on Tuesday when crippling tariffs on steel and aluminum are set to take effect — and they are urging the White House to exempt them permanently. The major suppliers, including Canada, Mexico, South Korea and the European Union, were granted a temporary reprieve when President Donald Trump imposed the tariffs in March. The measures were largely […]
by Heather SCOTT Agence France-Presse WASHINGTON, UNITED STATES – US President Donald Trump vowed Monday he will not back down on imposing steep tariffs on steel and aluminum on Canada and Mexico unless he gets a “fair” deal to revamp the North American Free Trade Agreement. He also criticized the European Union for the trade barriers on US companies and repeated his threat to slap tariffs on European car imports if Brussels retaliates against the steel tariffs. Speaking […]
MEXICO CITY, Mexico (Reuters) — Negotiations in Mexico to update NAFTA have not made much progress on tough U.S. demands that could sink the 1994 trade pact, but the current round of talks is progressing, participants close to the fifth round of talks told media on Monday (November 20). One sticking point that has emerged in the talks is rules of origin. With the details of the US proposal and Mexican and Canadian counter-proposals to […]
by Joshua Howat Berger Agence France-Presse MEXICO CITY, Mexico (AFP) — The leaders of Canada and Mexico stuck to their upbeat view on the future of the North American Free Trade Agreement on Thursday, despite US President Donald Trump’s threats to axe it. Visiting Mexico on the heels of a tense trip to Washington, Canadian Prime Minister Justin Trudeau downplayed Trump’s attacks on NAFTA as part and parcel of the negotiations on updating the 23-year-old accord. “We […]
MEXICO CITY, Mexico (Reuters) – Hundreds of Chinese companies have descended on Mexico City for an expo that seeks to promote trade ties with Latin America’s No.2 economy amidst uncertainty over the future of the North American Free Trade Agreement. The “China Homelife Mexico” expo is the biggest expo of Chinese goods in the world, featuring state-of-the-art technology and electronics that originate from the Asian superpower. The expo has already been done in Brazil and […]
