NAFTA talks to resume in afternoon after Canada cites 'goodwill'


"We're not saying we don't want to move swiftly to try and get a deal". Trump announced a new deal with Mexico on Monday, and on Friday formally notified Congress that he meant to execute a new agreement in 90 days after talks broke down with Canadian officials.

But some experts say it is not so much the terms of the tentative deal with Mexico as it is the transactional and divide-and-conquer tone of the United States approach that endangers a "spirit of community" from which the USA has reaped considerable benefit.

USA senators Marco Rubio and Bill Nelson quickly warned that the agreement needs to better protect the state's agricultural industry, and state Agricultural Commissioner Adam Putnam said Trump's newly negotiated agreement "wasn't quite the deal we hoped it would be" in Florida.

While Canada is clearly under pressure from Trump, "it's not clear sailing on his part either", Paul Heinbecker, a former Canadian diplomat and now a distinguished fellow at the Centre for International Governance Innovation in Waterloo, Ontario, told BNN Bloomberg Television on Tuesday.

Trump lashed out at Canada after talks last week failed to yield a final deal.

The goal of this week's talks is to reach a deal by December 1 so Congress can give its approval to a revised three-country NAFTA before Mexico's new president takes office.

"There is no political necessity to keep Canada in the new NAFTA deal", Trump tweeted Saturday. "In the case of Mexico, having the certainty of a deal is important because essentially we need the foreign investment and the national investment", said Luis Foncerrada Pascal, director of the Centre for the Study of Private Sector Economics, a think tank in the capital.

Trudeau said on Tuesday: "There are a number of things we absolutely must see in a renegotiated NAFTA", and reiterated he would not sign a bad deal.

"It's time to modernize" NAFTA, Ms. Hills said last week on MSNBC.

US Dollar Index looks to end the day with modest losses. "We want friends, we live in a world that is highly competitive".

Strawberry, pepper and tomato farmers, who've sparred with their Mexican counterparts over winter imports for years, argued that the deal does little or nothing to stop Mexican farmers from flooding the US market with below-cost produce.

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But the issue could be hard to resolve, Mr. Ortiz-Mena said, given that the Trump administration has made clear it wants Chapter 19 eliminated. A lot is riding on a new NAFTA deal.

"The trilateral agreement makes more sense in many ways - it provides greater benefits", he said. "When the NAFTA partnership seems less than permanent, it undermines part of the objective of the deal - which after all was to encourage and secure Mexico's integration into the broader worldwide economy". "I love Canada", he said.

"Both neighbors are looking elsewhere, they went ahead with the TPP [Trans-Pacific Partnership] minus the United States", he says.

The tech industry has also weighed in on the idea of a deal sans Canada will its own set of worries.

Trade deficit in Canada continues to shrink.

Still, many experts say that while the North American partnership won't come out of the current shaking of its foundations unscathed, they are confident that the economic ties and shared values are strong enough to withstand the current buffeting.

Which of these should Canada compromise on to save NAFTA?

President Trump on Wednesday said the "intense" negotiations over a new North American Free Trade Agreement (NAFTA) should result in Canada treating the US fairly on trade.

"You have to be careful about what he says and what he's actually doing". "At least Canada knows where I stand!"

Pressed once more to talk Trump, she said curtly: "I'll take the next question".