Mexican Media Brands
U.S.-Canada Trade Talks Plod Along
Trade negotiators from Canada and the U.S. had no progress to report Wednesday evening after a renewed effort to update NAFTA that began last weekend.
#economics
Share
Trade negotiators from Canada and the U.S. had no progress to report Wednesday evening after a renewed effort to update NAFTA that began last weekend.
Canada’s Foreign Minister Chrystia Freeland tells reporters that both sides are showing “good faith and good will.” President Donald Trump says the talks are progressing after declaring on Saturday that he would press ahead with a bilateral pact between the U.S. and Mexico whether or not Canada joins in.
A government source tells Reuters that Canada hopes for a fair and speedy outcome but is determined to take as long as necessary to achieve it. Neither side appears to have budged on Canada’s main sticking points: continued protection for its diary industry and retention of the North American Free Trade Agreement’s trade dispute mechanism.
As of last night, there was no apparent movement on either issue. “If we see some more flexibility (from the U.S.),” Reuters’ source says, “then I think we can start to see things moving in a good direction.”
RELATED CONTENT
-
VW Warns of Higher Costs to Develop EVs
CEO Herbert Diess says the €20 billion ($23 billion) Volkswagen AG has budgeted to electrify its entire vehicle lineup won’t be enough to meet that goal.
-
Enterprise Edges into Self-Driving Car Market
U.S. rental car giant Enterprise Holdings Inc. is the latest company to venture into the world of self-driving vehicles.
-
Ford’s $42 Billion Cash Cow
F-Series pickups generate about 30% of the carmaker’s revenue. The tally is about twice as much as what McDonald’s pulls in.