NAFTA talks are in trouble

By Patrick Gillespie
CNN Money
November 21, 2017
Category: Business & Politics
Region: United States

No meaningful progress is being made in NAFTA trade talks between the United States, Canada and Mexico, increasing the odds that President Trump could withdraw from a critical 23-year old agreement. …”While we have made progress on some of our efforts to modernize NAFTA, I remain concerned about the lack of headway,” U.S. Trade Representative Robert Lighthizer said in a statement. …Canadian Foreign Minister Chrystia Freeland said the U.S. put forward “extreme proposals” that “we simply cannot agree to.” “Some of the proposals that we have heard would not only be harmful for Canada but would be harmful for the U.S. as well,” Freeland added, citing concerns from U.S. and Canadian auto companies. …The U.S. and Canada have renewed a decades long fight over Canadian lumberexported to the United States. The Trump administration slapped tariffs as high as 18% on Canadian lumber.

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