Mexican Media Brands
White House Ready to Move on Without Canada on NAFTA Update
U.S. Trade Representative Robert Lighthizer says the Trump administration is prepared ignore Canada and move ahead with a U.S.-Mexico update for NAFTA.
#economics
Share
U.S. Trade Representative Robert Lighthizer says the Trump administration is prepared to ignore Canada and move ahead with a U.S.-Mexico update for NAFTA, The Wall Street Journal reports.
The White House advised Congress of that option last month after striking a tentative bilateral deal with Mexico to revise the 24-year-old North American Free Trade Agreement. The two countries are eager to finalize a pact in time for Mexico’s president to accept it before he leaves office on Dec. 1.
Lighthizer reiterates to reporters that the U.S. would like Canada to be a part of the agreement. But he says “a fair amount of distance” remains between the bargaining positions of the two countries. He also complains that Canada is “not making concessions in areas we think are essential,” the Journal reports.
The main sticking points are a U.S. demand that Canada ease tariffs that shield its domestic dairy industry and a Canadian demand that an agreement continue some form of NAFTA’s mechanism for handling trade disputes.
RELATED CONTENT
-
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.
-
On Global EV Sales, Lean and the Supply Chain & Dealing With Snow
The distribution of EVs and potential implications, why lean still matters even with supply chain issues, where there are the most industrial robots, a potential coming shortage that isn’t a microprocessor, mapping tech and obscured signs, and a look at the future
-
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.