NAFTA: Donald Trump refuses to commit to trade pact

He sounds like he really means

The U.S. auto parts industry could lose up to 50,000 jobs if the North American Free Trade Agreement is terminated and companies must pay higher tariffs to ship products to Mexico and Canada, according to a new study set for release on Thursday.

Prime Minister Trudeau met with U.S. President Donald Trump and his advisors in Washington, D.C. on Wednesday in an effort to break a tightening deadlock on negotiations aimed at reforming the trilateral NAFTA agreement between Canada, Mexico and the U.S. Yet, Prime Minister Trudeau was told at the meeting that the U.S.is considering scrapping the trade deal and interested in negotiating a new trade agreement with Canada that excludes Mexico.

Trump on Wednesday repeated his warnings that he might terminate the pact and said he was open to doing a bilateral deal with either Canada or Mexico if three-way negotiations fail.

"We're here to support people before corporations - workers, and jobs in the USA that pay a living wage", said Rep. Marcy Kaptur, D-Ohio. Trudeau has said he is optimistic about the deal's fate but admitted there was room for improvement.

The two countries share the longest, secure border in the world, over which approximately 400,000 people and more than $2 billion worth of goods and services cross daily.

However, Trump continued to disparage the 23-year-old accord and promote the idea of bilateral trade deals. But Mexican leaders have also warned that talks must conclude early next year before their presidential election campaign gets underway.

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The current round of talks on renegotiating the trade bloc is reported to be stalling, with Mexico opposing a United States move to increase the percentage of US-made components in vehicle manufacturing. But critics say the pact sent hundreds of thousands of USA manufacturing jobs to Mexico, where corporations took advantage of low-wage labor. "There are several poison pill proposals still on the table that could doom the entire deal".

In the big picture, Trump's mischief on trade agreements is just one more piece of wreckage to be added to his pile of disasters, from which Canada is suffering collateral damage. He said "it would not be the end of the world". "It makes sense to modernize it", said Glenn Hamer, president and CEO of the Arizona Chamber of Commerce. "But for the love of God don't do any harm to something that has been so economically beneficial to states all across America".

Britain is now negotiating the terms of its divorce from the European Union though Prime Minister Theresa May is pushing to move onto discussions about a major free trade deal with the world's biggest trading bloc. NAFTA requires at least 62 percent of a car's parts to be made in North America before the auto can avoid import tariffs and taxes. "We have a tough negotiation, and it's something you will know in the not too distant future". Labor standards continue to be dismal, since Mexican workers are prevented from exercising their rights and bargaining for better wages and working conditions.

During talks at the White House Wednesday, President Trump suggested the possibility of replacing NAFTA with a new U.S.

Americans", she said, and acknowledged that changes to the deal would "of course be opposed by entrenched Washington lobbyists and trade associations.

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