The Trump administration's new trade deal with Canada and Mexico leaves much of the old North American Free Trade Agreement intact. There are some key differences, however, particularly when it comes to the dairy and auto industries. The updated agreement, the subject of more than a year of intense negotiations between the three countries, includes some high-profile compromises from both Washington and Ottawa. The Trump administration's new trade deal with Canada and Mexico l
A tentative agreement on the North American Free Trade Agreement (NAFTA) could be reached as early as next month, according to US Trade Representative Robert Lighthizer in a congressional testimony yesterday (26 July). Speaking in Washington, Lighthizer said it's possible NAFTA partners will reach an agreement in August to modernise the 24-year-old trade pact. "We have been renegotiating the North American Free Trade Agreement at an unprecedented speed," he said. "Hopefully,
The United States is still pushing for a deal to revise the North American Free Trade Agreement (NAFTA), the White House said on Wednesday, while a top Mexican official held out the possibility of an agreement in the coming weeks. President Donald Trump is committed to getting a better agreement with Canada and Mexico, White House press secretary Sarah Sanders told Fox News.
“We still want to see something happen and we’re going to continue in those conversations. They’re o
President Trump has said he would slap a 25% tariff on steel and 10% on aluminium imports from all countries. There are concerns the apparel industry might be affected, and that NAFTA may not be successfully renegotiated. Representatives of the US fashion and apparel industries, along with most of the country's business community and Congressional leadership, are voicing concern about President Donald Trump's 1 March announcement that he intends to impose additional tariffs o