Trump says Canada and Mexico being too hard in NAFTA renegotiations

Donald Trump
Officials In Texas React To President's Comments Concerning NAFTA
Author

27 August, 2017

Texas' Senior US Senator stressed the importance of the North American Free Trade Agreement or NAFTA following President Donald Trump's comments at a rally in Arizona predicting a termination of the agreement.

And now, on Sunday, Trump calls NAFTA "the worst trade ever made", adding that the concerned countries - Canada and Mexico - are hard.

Trump reopened negotiations of the 1994 treaty out of concern USA economic interests were suffering.

Speaking at a campaign rally last week in Arizona, the president said he didn't believe the USA could reach an agreement to renegotiate the trilateral trade deal.

"Personally, I don't think we can make a deal because we have been so badly taken advantage of", Trump said.

Trump is also taking to Twitter to press the need for his promised southern border wall, tweeting that Mexico will pay for it "through reimbursement/other". "Mexico will remain at the table with serenity, firmness and with the national interest ahead".

The US Trade Representative, Robert Lighthizer notified Congress of their intentions to revamp their pact with Canada and Mexico, which accounts for $1 trillion in annual trade.

The talks will move to Canada later in September, then return to the United States in October, with additional rounds planned for later this year.


More news


  • McMaster: We Need An

    McMaster: We Need An "Outcome-Based Approach" In Afghanistan

    He called on the Taliban to return to diplomacy, after years of a failed peace process with the Afghan government. President Trump said "For its part, Pakistan often gives safe haven to agents of chaos, violence, and terror".

    United Parcel Service, Inc. (UPS) Investment Increased by Vanguard Group Inc

    Bank of America downgraded the shares of UPS in report on Wednesday, February 22 to "Neutral" rating. (NYSE:UPS) for 2,934 shares. It has underperformed by 14.60% the S&P500. (NASDAQ:LSTR) on Thursday, March 2. $172,747 worth of Centerra Gold Inc. (TSE:CG).
    Met Commander unapologetic over pre-Carnival raids

    Met Commander unapologetic over pre-Carnival raids

    Musker also defended police's use of facial recognition technology to scan the faces of revellers to identify troublemakers. Officers will be stationed around the carnival zone, carrying out checks for weapons and acid.
  • New Taylor Swift song prompts fan frenzy

    New Taylor Swift song prompts fan frenzy

    When Taylor Swift releases a leading single, especially after three years, fans and artists alike stop everything to listen. Activities include pre-ordering her album and watching the lyric video for " Look What You Made Me Do ".
    Oliver Burke says he's joined West Brom 'to play'

    Oliver Burke says he's joined West Brom 'to play'

    But a bad mix-up at the back involving Ahmed Hegazi and Ben Foster gifted Peter Crouch an equaliser 13 minutes from time. Despite some late pressure in the half by both sides, neither were able to fashion any real chances before half-time.
    Ice-T Searches for Biggie's and Tupac's Murderers in New Fox Special

    Ice-T Searches for Biggie's and Tupac's Murderers in New Fox Special

    The Fox network next month will air an investigation into the shooting deaths of rap superstars Tupac Shakur and Biggie Smalls. The special is produced by Critical Content, the same team behind this year's The Case Of: JonBenét Ramsey .
  • Diego Costa is welcome at Everton - Koeman

    Diego Costa is welcome at Everton - Koeman

    However, a move back to the Spanish capital might be hard as Atletico are now serving a transfer ban until January. Everton have resigned Wayne Rooney this summer, but lost top scorer Romelu Lukaku to Manchester United.
    Pakistan, China agree to continue close consultations for Afghan peace

    Pakistan, China agree to continue close consultations for Afghan peace

    General Bajwa said that efficient and proper border management between Pakistan and Afghanistan was the need of the hour. He also sternly warned Pakistan for providing safe havens to terrorists.

    Ciena Corporation (NYSE:CIEN) Stock Traded Under Its 50 Day Moving Average

    The communications equipment provider reported $0.45 EPS for the quarter, beating the consensus estimate of $0.37 by $0.08. Nelson Van Denburg & Campbell Wealth Mngmt Grp Ltd Liability Corp holds 0% in Ciena Corporation (NYSE:CIEN) or 1 shares.
  • Tsakos Energy Navigation Ltd. (TNP) EPS Estimated At $0.05

    Old West Investment Management LLC boosted its stake in shares of Tsakos Energy Navigation by 107.2% in the first quarter. This table compares Euroseas and Tsakos Energy Navigation's net margins, return on equity and return on assets.
    Man United's Anthony Martial must not waste his talent - Jose Mourinho

    Man United's Anthony Martial must not waste his talent - Jose Mourinho

    Mourinho will knwo it is far too early to say if his new approach is one reason United have settled so well this season. United enjoyed an excellent record against the Foxes, coming out on top in all three encounters.
    Ocon: Perez risked our lives in Spa collision

    Ocon: Perez risked our lives in Spa collision

    Esteban Ocon says Force India teammate Sergio Perez put both their lives at risk in their clash during the Belgian Grand Prix. What now for Perez and Ocon? "I'm going to go and speak to him man to man and tell him the truth.