Calling President Donald Trump’s proposed revision of the North American Free Trade Agreement “NAFTA 2.0,” U.S. Rep. Jared Golden of Maine joined a handful of Democratic colleagues in vowing to oppose the deal without major changes. “Putting a new paint job on the old NAFTA won’t work,” the 2nd District congressman said in a prepared […]
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Posted inBusiness
US, Canada, Mexico sign trade pact to replace NAFTA
BUENOS AIRES, Argentina (AP) — President Donald Trump teamed up with the leaders of Canada and Mexico on Friday to sign a revised North American trade pact, a deal that fulfills a key political pledge by the American president but faces an uncertain future in the U.S. Congress. The celebratory moment was dimmed by ongoing […]
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Posted inPerspective, sj-web
Trump clears deck for China trade war with new NAFTA deal
President Donald Trump looks to be preparing for a potentially protracted economic war with China by clearing the decks of disputes with America’s other trading competitors. In just the last few weeks, he’s struck a last-minute deal with Canada and Mexico, signed a trade agreement with South Korea and convinced Japan to begin bilateral economic […]
Posted inPerspective, sj-web
Canadian farmers lose under trade deal that opens up dairy market
Canadian farmer Henry Holtmann was so bullish on the dairy market that he hoped to build a new barn to offer more space for his 550 cows. Those plans are now on hold due to a new trade pact with the U.S. that will allow Americans to ship more milk north, cutting into the tightly-managed […]
Posted inBusiness
Donald Trump wants to rename NAFTA as ‘the United States-Mexico Trade Agreement’
Updated 11:55 a.m.: President Donald Trump says he intends to terminate the North American Free Trade Agreement and call its replacement “the United States-Mexico Trade Agreement” — a name that would exclude the third NAFTA partner, Canada. Trump made the comments after announcing an “understanding” with Mexico that could lead to an overhaul of the 24-year-old […]
Posted inOp-Eds, sj-web
Canada, Mexico look elsewhere for trade partners
The United States under President Trump has been retreating from leadership roles in Asia and Europe. Closer to home, his hot rhetoric about trade with Mexico and Canada is propelling our neighbors to start pulling away. Two truths here: One is that the benefits of the North American Free Trade Agreement — a three-country deal […]
Posted inOp-Eds
NAFTA isn’t the bad deal some people believe
WASHINGTON — The Trump administration is determined to renegotiate the North American Free Trade Agreement (NAFTA) — which created a single market from Mexico’s southern border to the Yukon — but the main political appeal of this policy rests on a popular myth: that “fair” trade requires the United States to have a surplus or […]
Posted inNation / World
Trump administration announces plans to renegotiate NAFTA
WASHINGTON (AP) — Making good on a campaign promise, the Trump administration formally told Congress Thursday that it intends to renegotiate the North American Free Trade Agreement with Canada and Mexico. U.S. Trade Rep. Robert Lighthizer sent a letter to congressional leaders Thursday, starting 90 days of consultations with lawmakers over how to revamp the […]
Posted inBusiness
White House says Trump to renegotiate not pull out of NAFTA
WASHINGTON — President Donald Trump has told the leaders of Mexico and Canada that he will not pull out of the North American Free Trade Agreement at this time, just hours after administration officials said he was considering a draft executive order to do just that. The White House made the surprise announcement Wednesday in […]