US President Donald Trump has suggested the US, Mexico and Canada might not come to an agreement on the renegotiation of a more than 20-year-old North American trade deal as he held talks with Canadian Prime Minister Justin Trudeau at the White House.
Asked during his appearance with Trudeau whether NAFTA was dead, Trump said, "We'll see what happens".
As many as 50,000 workers at auto parts suppliers could lose their jobs due to increased tariffs if the USA pulls out of the North American Free Trade Agreement, according to a study released Thursday by the Motor and Equipment Manufacturers Association, which lobbies for suppliers in Washington. "It has to be fair to both countries".
"Despite the non-cooperative approach to some of our Administration's policy proposals, our counterparts in Mexico and Canada are still negotiating with us in full faith".
I have spoken to leaders in Canada and Mexico on multiple occasions and they have constantly reiterated one point to me: They want to work with us, but they have to be able to sell any deal to Legislatures back in their home countries.
The U.S. Chamber of Commerce on Tuesday accused Trump's administration of trying to sabotage the talks with "poison pill proposals", including demands for more favorable treatment for the U.S. side on vehicle production, and a "sunset clause" to force regular negotiations.More news: Trump Discusses 'Range of Options' to Respond to North Korean Aggression
More news: Serena set for Australia Open
More news: Australia vs Syria World Cup Qualifying AFC 2018
The trade negotiations this week in Washington have gotten off to a rocky start, with the U.S. Chamber of Commerce warning that the Trump administration might be sabotaging the talks with unrealistic proposals.
On the U.S. side the event was co-chaired by Fedex Freight's CEO Michael Ducker and U.S. Chamber of Commerce President Thomas Donohue. Representatives of the auto industry warned some of the US demands could raise prices for vehicles. Mexico could leave NAFTA and have the strength to move on without any serious long-term structural damage to the economy, he said.
According to a schedule seen by Reuters, meetings on government procurement, cross-border services trade, environmental issues and state-owned enterprises were set to conclude for the current round on Thursday. The negotiations were extended on Wednesday by two days to Oct 17. -Mexican relations and affect bilateral cooperation in non-trade areas.
Chris Sands, a professor at the Nitze School of Advanced International Studies at Johns Hopkins University, said Canada's problems marked "a new era of tough love" with Washington. Trudeau has said he is optimistic about the deal's fate but admitted there was room for improvement.
"U.S. negotiators have made conditions so tough that Mexico and Canada could reject them, which would be the ideal excuse for the US government to announce its departure from NAFTA", Coutino wrote.