Canada, Mexico exempt from tariffs once NAFTA deal signed

Canada, Mexico exempt from tariffs once NAFTA deal signed

"Our trade agreement isn't flawless - yes - but on balance it has been extremely successful for the three countries, " said Gerónimo Gutiérrez Fernández, Mexico's ambassador to the USA, speaking at the annual Virginia Governor's Conference on Agricultural Trade.

Prime Minister Justin Trudeau tells Breakfast Television Toronto that he'll be waiting to see the details.

"We're concerned about the impact that the tariffs could have on the competitiveness of our USA operations", Electrolux said. "It must be that way".

A trade deal struck by former President Bill Clinton, NAFTA has been the target of renegotiation since Trump took office a year ago.

Countermeasures would include European tariffs on US oranges, tobacco and bourbon, he said.

Reynolds' comments came on a day when Trump insisted he's "not backing down" on his plan to impose stiff tariffs on imported steel and aluminum despite anxious warnings from Republicans concerned about a trade war.

Threat a part of USA strategy in NAFTA talks?

"We don't have all the details but we are going to continue to engage with USA officials and show them the benefits of the integrated North American aluminium supply chain", said Gagnon.

Canada will not follow the European Union and issue specific threats to the US over proposed steel and aluminum tariffs because it's still holding onto the hope that it will get an exemption from any such duties, CBC News has learned.

Mnuchin told Young that he and Agriculture Secretary Sonny PerdueGeorge (Sonny) Ervin PerdueTrump proposes restricting choices for food stamp recipients Regulatory restructure of biotech is critical to the future of U.S. agriculture The Hill's 12:30 Report MORE have "had significant input into these discussions".

Intense debates have been going on within the Trump administration about whether to offer any exemptions - some want a hardline approach where the tariffs apply to every country; some want the opposite, meaning full relief for Canada and other allies. Total trade between the countries reached $636 billion previous year, according to United States government data.

However, a collapse of the two-decade trade pact would be "catastrophic", said Martinez, adding it would trigger direct trade wars, and the "immediate" loss of jobs - as many as 970,000 in Mexico, 250,000 in the United States and 90,000 in Canada. "First and foremost, we will discuss the issue with the United States".

Even Canadians not involved in the steel and aluminum industry would feel the impact, since steel and aluminum products imported from the USA would see their prices increase under new tariffs. After an agreement is concluded, US laws require additional steps before it can even be considered by the current Congress. However, she says there is much work yet to do regarding market access.

Any trade agreement "has to be a trilateral accord, given the conditions of integration in North America", Guajardo said.

Northam said that since NAFTA was enacted, Virginia forestry and agriculture exports to Canada have grown by 475 percent, while exports to Mexico have grown by more than 1,300 percent.



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