NAFTA 2.0 Signed: A Deal for 'The Corporate One Percent'

NAFTA 2.0 Signed: A Deal for 'The Corporate One Percent'”

Since Donald Trump's election in 2016, he has been calling on NAFTA's signatories to renegotiate the deal, in the hopes of reaching a more advantageous agreement.

Throughout the start of his presidency, President Trump had repeatedly threatened to withdraw the United States from Nafta, unless he could secure a better deal. With a new deal on the table that's supposed to represent a new era of tariff-free trade, all three countries have been working on resolving the standoff before Friday. "The new NAFTA preserves tariff-free access in the North American trading bloc and secures essential cross-border supply chains that make North America more globally competitive" said the Honorable Chrystia Freeland, P.C., M.P., Minister of Foreign Affairs.

Trudeau made a personal plea to Trump during the ceremony to get rid of the tariffs, saying the recent closures of auto plants by General Motors in the United States and Canada made it more important.

But the path to Friday's signing has been bruising, and those sore spots will be impossible to ignore when the three countries' leaders gather to talk trade for the first time since 13 months of talks culminated in an 11th-hour agreement late in September. In the US, as Politico notes, that could mean "months of fierce debate between the Trump administration and Congress".

A new Mexican president takes over on Saturday, who might not honour the tentative deal struck by his predecessor. "The fact that this is an agreement in three languages adds to the level of technical complexity and it is on that level that we are just being sure that all the Is are dotted and all the Ts are crossed".

The new agreement is to be known as the USMCA (U.S. -Mexico-Canada Agreement) in U.S. law and CUSMA (with Canada first) in Canadian law.

He called the signing a "very historic occasion" and noted the trade deal was one that would be the 'envy of nations all around the world'.

Top U.S. officials were on hand for the signing ceremony, including Secretary of State Mike Pompeo, Treasury Secretary Steven Mnuchin, national security adviser John Bolton and the President's daughter Ivanka Trump and son-in-law Jared Kushner.

- President Trump opened two days of diplomacy at the Group of 20 summit in Argentina on Friday after his abrupt decision to cancel a meeting with Russian President Vladimir Putin overshadowed the proceedings before they even started.

Mexico has also agreed to labor reforms, while Canada agreed to increase market access for US "dairy products, eggs, and poultry".

Trudeau and Trump discussed their plans for the G20 summit in a November 27 phone call, according to the White House.

Asked Thursday why the two had no meeting scheduled, Trump said: "I would have met with him but we didn't set that one up". "Now, it is gone-at least between Canada and the U.S".

Like this



30 November 2018
Will this Sikh shrine build corridors of peace between India and Pakistan?
Sushma Swaraj also said that the Kartarpur corridor ceremony should not be seen as the start of talks between the two countries. Then, the rhetorical question whether peace would have to wait till Punjab minister Navjot Sidhu became PM was also puzzling.

30 November 2018
Merkel's plane makes unscheduled landing after technical hitch
The plane turned around over the Netherlands about an hour into the 15-hour flight before landing in Cologne. It was not immediately clear which bilateral meetings would have to be rescheduled.

30 November 2018
EURUSD Turns Higher But The US Dollar Remains Bullish
Still, he judged the area posed little systemic risk, labeling broader, overall risks to financial stability as "moderate". And he said the financial system was now "substantially more resilient" than it was before the 2008 financial crisis.

30 November 2018
Russian men barred from Ukraine
Ukraine said Russian Federation used a tanker to block access to the Kerch Strait, which under a treaty is shared territory. President Poroshenko has implemented martial law across Ukraine's border regions for 30 days in response to the crisis.

30 November 2018
Nice guys don’t win, says former Aussie skipper Clarke
Two years later, Kohli was furious with Steve Smith's decision to seek dressing-room help over the Decision Review System (DRS). This might just be the best chance for India to win a Test series down under.

30 November 2018
Browns' Mayfield: "I'm not a cookie-cutter quarterback".
So, that's absolutely how I am. "It's not immature, it's me being exactly who I am, every day, being that same guy for our team". Mayfield responded to Woody's take in the comments section of a video on show's official page by calling Jackson " fake ".

30 November 2018
Netflix Cancels Daredevil, Character To 'Live On In Future Projects'
Marvel has already announced a handful of shows for that service. Daredevil season two can be streamed on Netflix now. The show's third season premiered last month.

30 November 2018
Which Celebs Are Going to Be at Nick Jonas & Priyanka Chopra's Wedding?
Apart from the PM, many political names are set to grace the event that is going to take place on December 4th. Nick and Priyanka's wedding invite is white in colour with their names written in gold on it.

30 November 2018
FDA lifts romaine lettuce ban
The labels could also help health officials identify specific regions during future outbreak investigations. People shouldn't eat romaine that doesn't have the label information, according to the FDA.

30 November 2018
Blast kills 22 near chemical factory in China
Zhangjiakou , a city about 156km northwest of Beijing , is set to host the 2022 Winter Olympics alongside the capital Beijing . At least 22 people have died and 22 more were injured in a blast outside a chemical factory in northern China .