The third NAFTA round is already in full swing as another busy week in trade gets underway, with the U.S. tabling more text in Ottawa while still avoiding the most controversial issues. Meanwhile, the Korean trade minister is visiting Washington, DC, and the global steel forum is meeting in Paris to address overcapacity issues.
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Rep. Sander Levin (D-MI), a key Democrat on the House Ways and Means committee, said Monday that the labor text the U.S. was considering tabling at the third round of North American Free Trade Agreement talks was not robust enough to address Mexican labor issues -- and predicted that few, if any, in his party will back a retooled deal without significant reforms.
Two groups that were vocally opposed to the U.S.-EU covered agreement on insurance and reinsurance measures when the Obama administration submitted the deal to Congress in January are praising the policy statement the U.S. issued on Friday when it signed the deal.
U.S. airline company JetBlue is opposing potential antidumping and countervailing duties the U.S. could levy on Canada’s Bombardier, arguing the duties could undermine JetBlue, raise ticket costs for American fliers and help Brazil’s Embraer.
OTTAWA -- At the third round of NAFTA renegotiation talks, the U.S. is tabling text in areas like intellectual property, government procurement, labor and investment that some have described as “unorthodox,” but holding off -- for now -- on advancing a controversial sunset clause and dispute settlement proposals, sources said.
OTTAWA -- The Trump administration on Friday notified the congressional committees of jurisdiction of NAFTA proposals that may require changes to U.S. trade remedy law, a procedural step that starts a 180-day clock before President Trump can sign a new agreement that can then move to congressional consideration and implementation.
OTTAWA – If Canadian Prime Minister Justin Trudeau wants to come away from the NAFTA renegotiation with a successful outcome, he will have to change his priorities – emphasizing fewer environment, labor and indigenous issues and instead pushing back against modifications the U.S. is seeking to tilt the agreement in its favor, Canada’s shadow foreign minister, Erin O’Toole, told Inside U.S. Trade.
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The U.S. and other World Trade Organization members on Friday criticized China for increasing tariffs on semiconductor products, arguing that such practices do not comply with China’s commitments under the WTO’s Information Technology Agreement.
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But Azevêdo warns of continued risks, including “the possibility that protectionist rhetoric translates into trade restrictive actions.”
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“Participants discussed policy approaches critical to supporting innovation, the free flow of data, the protection of privacy, and growth in the digital economy.”
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“Chinese officials continually stressed that dialogue is preferable to unilateral action, saying they would have to respond in kind.”
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Just over 20 percent said it would have a “marginally negative” effect.
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“Heartland states that voted for President Trump would be hurt most, and angry voters would know exactly whom to blame.”
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