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
-
On Headlights, Tesla's Autopilot, VW's Electric Activities and More
Seeing better when driving at night, understanding the limits of “Autopilot,” Volkswagen’s electric activities, and more.
-
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.
-
China and U.S. OEMs
When Ford announced its 3rd quarter earning on October 24, the official announcement said, in part, “Company revenue was up 3 percent year over year, with net income and company adjusted EBIT both down year over year, primarily driven by continued challenges in China.” The previous day, perhaps as a preemptive move to answer the question “If things are going poorly in China, what are you doing about it?, Ford announced that it was establishing Ford China as a stand-alone business unit.