Money Pena Nieto, Trudeau Pledge Trade Unity as Trump Threatens NAFTA

11:11  13 october  2017
11:11  13 october  2017 Source:   Bloomberg

PM to visit Washington, Mexico next week

  PM to visit Washington, Mexico next week PM to visit Washington, Mexico next weekThe Prime Minister's Office says he will be in Washington on Tuesday and Wednesday, going on to Mexico on Thursday.

Enrique Pena Nieto and Justin Trudeau spoke Thursday night in Mexico City as the latest day of North American Free Trade Agreement talks concluded in Washington. After Trump mused Wednesday about breaking Nafta into bilateral deals

Home / News / Canada / Politics. Trudeau to help talk Trump down from scrapping NAFTA .

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Trudeau to meet with Trump in Washington next week

  Trudeau to meet with Trump in Washington next week Prime Minister Justin Trudeau will meet U.S. President Donald Trump in Washington for a second time this year.Trudeau will visit the White House during a two-day trip to the U.S. on Tuesday Oct. 10 and Wednesday Oct. 11, his office announced Tuesday. He will visit Mexico on Thursday and Friday and meet with President Enrique Pena Nieto.Trudeau will be in Washington on the same day as the fourth round of North American Free Trade Agreement negotiations begin there. The round is scheduled to run from Oct. 11 to 15.Trudeau’s office said the Trump meeting was not intentionally scheduled to coincide with the NAFTA talks.

× TRUMP : I was going to terminate NAFTA , but Trudeau and Peña Nieto called, and I like them. President Donald Trump on Thursday said he decided to back off beginning the process of withdrawing the US from the North American Free Trade Agreement after speaking Wednesday with Canadian

President Trump , both on the campaign and in office, has made no secret of his disdain for the free trade bloc. Read More Stories About: Big Government, NAFTA , President Donald Trump , President Peña Nieto , Prime Minister Justin Trudeau .

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  Trudeau, Harper to cross paths in Washington Trudeau, Harper to cross paths in WashingtonOld political nemeses Justin Trudeau and Stephen Harper might literally cross paths. Harper is scheduled to attend a panel discussion on trade Wednesday afternoon, just as Trudeau is a few blocks away at the White House, discussing thorny trade issues with President Donald Trump.

Late on April 26, Trump , Mexican President Enrique Peña Nieto and Canadian Prime Minister Justin Trudeau spoke on the phone, and Trump "agreed not to terminate NAFTA at this time," said a White House readout of the call. The three leaders will start procedures to renegotiate the trade deal

Minister Justin Trudeau , and Mexican President Enrique Peña Nieto underscored the importance of North American unity in their pledges to better fight climate change and emphasize free trade . "The politics of trade is difficult," Obama said, seemingly alluding to both Donald Trump 's

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The leaders of Mexico and Canada presented a united front for trade talks with Donald Trump, committing to continued trilateral negotiations after U.S. negotiators put forward a contentious proposal for a Nafta "sunset clause."

Enrique Pena Nieto and Justin Trudeau spoke Thursday night in Mexico City as the latest day of North American Free Trade Agreement talks concluded in Washington. After Trump mused Wednesday about breaking Nafta into bilateral deals, his two counterparts called for the trade deal to be preserved and modernized and praised each other for aid provided during natural disasters.

"As we move forward with renegotiations, we will continue to work toward our shared goal of a win-win-win agreement to ensure that the new provisions are fair and beneficial to all three countries involved," Trudeau said, adding he and Pena Nieto are "confident" the three countries can find a Nafta "framework" to drive economic growth.

Trudeau and Trump to talk trade today

  Trudeau and Trump to talk trade today  Prime Minister Justin Trudeau says his approach in a sit-down with U.S. President Donald Trump today is to find common ground. Trudeau and Trump are to meet as round four of talks to revamp NAFTA get underway.

Trump ordered a renegotiation of NAFTA and threatened to pull out of the pact if the United States did not get a better deal, calling the existing 1994 accord the worst Trudeau said he looked forward also to meeting with Pena Nieto and Mexican civil society to "deepen relations between our two countries."

I will terminate NAFTA ." Trump 's comments came a day after the White House decided against taking immediate steps to withdraw from the North American Free Trade Agreement , a pact Trump has Earlier on Thursday, Trump wrote on Twitter he had received calls from Pena Nieto and Trudeau .

The U.S. proposed its so-called sunset clause for Nafta on Wednesday, while so-called rules of origin -- which determine how much of a product must come from Nafta countries to receive the pact’s benefits -- are due for discussion beginning Friday. The rules of origin, particularly for autos, are among the most controversial subjects as Trump aims to repatriate manufacturing jobs from Mexico by rewriting trade rules. Trump has regularly threatened to walk away from the pact.

Canadian Prime Minister Justin Trudeau Visits Mexico As Nafta Talks Continue In Washington© Bloomberg Canadian Prime Minister Justin Trudeau Visits Mexico As Nafta Talks Continue In Washington

Trudeau, Pena Nieto

Pena Nieto, who began by thanking Trudeau for his support of earthquake recovery efforts, said the countries are working to boost bilateral ties and to improve Nafta. "Prime Minister Trudeau and myself will continue to work to reach a beneficial and positive upgrading for the three countries," Pena Nieto said, before later appearing to downplay Trump’s threats.

Read more: Trump’s Fear of Trade Gaps Isn’t Really Necessary: QuickTake Q&A

Trudeau to Mexico: protect women, girls

  Trudeau to Mexico: protect women, girls Trudeau to Mexico: protect women, girlsHis speech to the Mexican Senate capped a four day trip that began in Washington, D.C., largely revolving around the ongoing talks to rewrite the decades-old North American Free Trade Agreement and bring it into the modern era.

President Donald Trump spoke with Canadian Prime Minister Justin Trudeau and Mexican President Peña Nieto in separate telephone downplaying reports he was close to issuing an executive order withdrawing the United States from the North American Free Trade Agreement ( NAFTA ).

U.S. President Donald Trump announced Sunday that he will be meeting with Prime Minister Justin Trudeau and Mexican President Enrique Pena Nieto as he moves quickly on his campaign pledge to renegotiate the North American Free Trade Agreement .

"I would not pay much attention to any statements other than that which happens at the negotiation tables," he said, adding the talks can make North America a more competitive economic region by including, for instance, e-commerce. The deal "cannot be good for just one country and we can’t be hostage to only one position," he said.

NAFTA negotiations between the United States, Canada, and Mexico begin a fourth round

Trudeau said Canada wouldn’t walk away from the negotiating table based on proposals so far.

"We are pleased to be talking about ways we can improve Nafta," Trudeau said. "We will discuss those proposals, we will counter those proposals and we will take seriously these negotiations." He also said the countries "stand firm" in a commitment to implement Paris Agreement on climate change, which Trump has pulled the U.S. out of.

Window Open

Trudeau flew to Mexico City Thursday morning directly from Washington, where he got mixed signals from Trump on Nafta. Speaking Wednesday at the White House, Trump said it’s possible that they could reach a deal and also possible talks could fail. The same day, Commerce Secretary Wilbur Ross defended some of the core controversial proposals.

Pena Nieto called Nafta "a good mechanism" that is not the "only one" to develop North America, and said Mexico doesn’t want to stake its competitiveness on having low salaries. The fourth round of talks is set to continue Friday.

Prime minister turns attention to Mexico

  Prime minister turns attention to Mexico WASHINGTON - Justin Trudeau departed the U.S. capital for Mexico City on Thursday, leaving behind one country with mixed feelings about the North American Free Trade Agreement and landing squarely in another. The prime minister finally acknowledged Wednesday the possibility of North America without NAFTA after a day of Washington meetings that included pointed pessimism from U.S. President Donald Trump about the fate of trilateral trade pact. Prior EFX

Trump said Trudeau and Pena Nieto understand the deal must be fair for the U.S. or he will terminate it, which he admitted "would be a pretty big shock to the system." Trump pledged during his presidential bid to renegotiate or terminate NAFTA .

Trade negotiators from Canada, the United States and Mexico are working through the weekend in Mexico City to present more proposals for a renewed North American Free Trade Agreement , or NAFTA which Trump just this week threatened to rip up. Pena Nieto , in his annual address to the

"I think the window’s still very much open" to reach a deal, Robert Holleyman, a former Deputy U.S. Trade Representative under President Barack Obama, said in an interview Thursday before Trudeau and Pena Nieto spoke. Key agricultural groups and U.S. Congress members still want a deal to be reached, said Holleyman, who is now president and CEO of C&M International and a partner in law firm Crowell & Moring’s International Trade Group.

His advice to the Mexican and Canadian leaders "would be simply to continue to reaffirm that they too believe Nafta needs to be renegotiated. And all three leaders accept, and have long accepted, that these need to be modernized."

Skip ‘Spectacle’

Trudeau has downplayed the significance of Trump’s threats and has regularly put a positive spin on talks. His government’s strategy continued Thursday in Washington, when Finance Minister Bill Morneau predicted Canada-U.S. trade will endure.

“It’s important not to let the spectacle of a trade negotiation disguise what we’re trying to get to,” Morneau said Thursday during a panel discussion at the annual meetings of the International Monetary Fund and World Bank Group in Washington. “There are a huge number of jobs in the three countries that are related to this relationship we have. That is going to continue."

To contact the reporters on this story: Nacha Cattan in Mexico City at ncattan@bloomberg.net, Josh Wingrove in Washington at jwingrove4@bloomberg.net.

To contact the editors responsible for this story: Vivianne Rodrigues at vrodrigues3@bloomberg.net, Sarah McGregor at smcgregor5@bloomberg.net, Robert Jameson

©2017 Bloomberg L.P.

How Trump is about to make the ‘worst deal ever’ even worse .
How Trump is about to make the ‘worst deal ever’ even worseThe fourth round of negotiations to revise the agreement wraps up Oct. 17, but many people close to the talks have expressed doubts that they will succeed.

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