As discussed in the previous blog post, last week, U.S. negotiators formally put forth demands that a new trade deal with Canada and Mexico must favor American manufacturing and expire after five years if all parties do not renew it. Although Canada and Mexico are opposed to the United States negotiations, they say that they will not walk away from the negotiating table.
Now that Canada and Mexico rejected the fourth proposal, it leaves the ball in the United States court to decide how to proceed with negotiations. President Donald Trump has slammed the agreement in the past and recently threatened to scrap the free trade agreement between the countries if they cannot strike a deal. The three countries are pushing to meet a year-end deadline for the agreement. You can read more about the rejection HERE
Source:
Tausche, K., & Pramuk, J. (2017, October 10). Canada, Mexico to firmly reject US NAFTA proposals but will offer to keep negotiations going: Sources. CNBC. Retrieved from https://www.cnbc.com/2017/10/17/canada-mexico-to-firmly-reject-us-nafta-proposals-but-will-offer-to-keep-negotiations-going-sources.html
This was very interesting, I didn't know this was going on in our state, I only heard about the rejection of free trade. Great post
ReplyDeleteGood Post! I hope that the United States, Canada, Mexico are able to come to an agreement!
ReplyDeleteCarolyn, I agree. I think it would be in the best interest for all countries and their economies to come to an agreement.
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