Business leaders say no NAFTA better than bad deal

Business leaders say no NAFTA better than bad deal

Business leaders say no NAFTA better than bad deal

"It's possible we won't be able to make a deal, and it's possible that we will".

Stephen Harper says he believes Donald Trump is genuinely willing to pull the plug on the North American Free Trade Agreement.

Further, "attempts by Boeing to put tens of thousands of aerospace workers out of work across Canada is not something we look on positively". But speaking to media after the talks, the Prime Minister said he is open to a new two country accord if that is what it takes to save free trade between the USA and Canada.

Asked during his appearance with Trudeau whether NAFTA was dead, Trump said, "We'll see what happens".

Trudeau was to travel to Mexico City after his trip to Washington to hold talks with Mexican President Enrique Pena Nieto.

"My optimism toward NAFTA, toward a renegotiation, isn't based on personality or reading political tea leaves", Trudeau said following his talks with Trump.

Trudeau later said he was optimistic that an agreement would be reached.

"The clear focus was that we have to send a message to all the different constituencies about how much of an error it would be to cancel NAFTA, or make a bad NAFTA", Vogel said in an interview with Reuters. Whether we like it or not, the world is becoming more globalized. Trump's stance has, however, been criticised by U.S. businesses.

Business groups are raising alarms about the Trump administration's proposals to update the North American Free Trade Agreement (NAFTA) as the fourth round of talks started on Wednesday. Trump made revamping or ending NAFTA - which he has called "a awful deal for our country" - a core pillar of his election campaign as he promised more benefits for U.S. workers in worldwide trade deals. But Mexican leaders have also warned that talks must conclude early next year before their presidential election campaign gets underway. "Withdrawing from the agreement also risks a prolonged legal fight over whether the president can exit from the agreement without congressional consent". Those "could doom the entire deal", Thomas Donohue, the Chamber's CEO said October 11.

The meeting, part of a bilateral "CEO dialogue" that meets a couple of times each year, included a closed-door discussion on the NAFTA negotiations addressed by Foreign Minister Luis Videgaray and Economy Minister Idelfonso Guajardo, who are in charge of the negotiations for Mexico.

The proposals call for North American content, overall, to rise to 85 percent from the current 62.5 percent.

The rules of origin demands are among several conditions that the U.S. Chamber of Commerce has labelled "poison pill proposals" that threaten to torpedo the talks. Under the United States proposal, America would require more to be made in the country and less sourced from other members of the block. "Or are we going to take a back seat because we refused to cast aside our differences with our greatest trading allies?"

Americans", she said, and acknowledged that changes to the deal would "of course be opposed by entrenched Washington lobbyists and trade associations.

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