Trump Welcomes Trudeau to Washington With New Nafta Threat

 

    U.S. President tells Forbes pact may need to be ‘terminated’

    Trudeau arrives as fourth round of talks begins in Washington

 

By Josh Wingrove and Eric Martin, Bloomberg

October 10, 2017

 

President Donald Trump renewed his threat to walk away from the North American Free Trade Agreement just as Canadian Prime Minister Justin Trudeau arrives in Washington on the eve of a new round of negotiations.

 

Trump told Forbes, in an interview published Tuesday, he thinks Nafta will have to be terminated -- as signals mount the U.S. is putting potentially deal-breaking proposals on the table and as the top U.S. business group sounds the alarm.

 

The fourth round of talks resume Wednesday. The U.S. is expected to detail a proposal for the auto sector that would raise the minimum content requirement for parts sourced in the Nafta region and in the U.S. specifically.

 

“I happen to think that Nafta will have to be terminated if we’re going to make it good. Otherwise, I believe you can’t negotiate a good deal,” Trump said in the Forbes interview. He said he considered it a “great accomplishment” to pull out of the Trans-Pacific Partnership trade pact, which included the three Nafta countries, and that he favors bilateral pacts.

 

On Tuesday evening, Trudeau is scheduled to attend the Fortune Most Powerful Women gala that Ivanka Trump may also attend. The next day, the prime minister visits the White House for meetings with Trump -- with no joint press conference scheduled -- after he and his foreign minister, Chrystia Freeland, speak with members of the U.S. House Committee on Ways and Means. Trudeau will hold a press conference on his own after he meets with Trump.

 

‘Protectionist’ U.S. ...

 

Economy ‘Moved On’ ...

 

more, including links

https://www.bloomberg.com/news/articles/2017-10-10/trump-welcomes-trudeau-to-washington-with-another-nafta-threat