Mexican Media Brands
U.S.-Canada NAFTA Talks Stall Again
Top-level negotiators have again failed to reach accord about including Canada in an updated North American Free Trade Agreement.
#economics
Share
Top-level negotiators have again failed to reach accord about including Canada in an updated North American Free Trade Agreement.
Staff-level envoys will continue the bargaining. But another meeting between U.S. Trade Representative Robert Lighthizer and Canadian Foreign Minister Chrystia Freeland appears unlikely until at least the middle of next week.
Freeland is back in Canada today for a meeting with foreign ministers, according to Bloomberg News. It says she also will be in New York City on Monday for the opening week of the United Nations General Assembly.
The U.S. and Mexico have already come to a tentative deal on updating NAFTA. But Congress indicates it may reject any replacement for the 24-year-old agreement that doesn’t include Canada.
Negotiators would prefer to finalize a three-way deal by Sept. 30. That would give Congress enough time to approve it before Mexico’s current president leaves office on Nov. 30.
Bloomberg points out that talks could simply continue, although it isn’t clear whether incoming Mexican President Andres Manuel Lopez Obrador will back the pact. President Donald Trump has warned he might walk away from NAFTA entirely, then push for approval of a bilateral deal with Mexico and impose tariffs on Canadian-made cars.
RELATED CONTENT
-
On Quantum Navigation, EVs, Auto Industry Sales and more
Sandia’s quantum navi, three things about EVs, transporting iron ore in an EV during the winter, going underwater in an EV (OK, it is a sub), state of the UK auto industry (sad), why the Big Three likes Big Vehicles, and the future of logistics.
-
Mazda, CARB and PSA North America: Car Talk
The Center for Automotive Research (CAR) Management Briefing Seminars, an annual event, was held last week in Traverse City, Michigan.
-
Tariffs on Autos: “No One Wins”
While talk of tariffs may make the president sound tough and which gives the talking heads on cable something to talk about, the impact of the potential 25 percent tariffs on vehicles imported to the U.S. could have some fairly significant consequences.