COMMERCE/NAFTA/TRADE DEALS/TRUMP AS PRESIDENT: “The U.S. Chamber of Commerce urged the Trump administration on Tuesday [10-10-17] to moderate its stance in the renegotiation of the North American Free Trade Agreement, describing some of Washington’s demands as ‘poison pill proposals’ that could doom the talks…
The group has argued repeatedly in recent weeks that NAFTA is critical to U.S. industries such as agriculture and manufacturing…
The U.S. Chamber did not specify what the most contentious proposals were in the excerpts of the speech, but a number of thorny issues have been highlighted by the Mexican and Canadian governments and the U.S. private sector in recent weeks.
These include U.S. exploration of imposing national content requirements for some products, not just regional thresholds, within certain sectors of industry, such as carmaking…
The U.S., Mexico and Canada began renegotiating the 23-year-old trade pact this summer, with a fourth round of talks kicking off this week in Washington.
U.S. President Donald Trump has threatened to withdraw from NAFTA if he does not win concessions to reduce a U.S. trade deficit of around $64 billion with Mexico.
But the U.S. Chamber of Commerce has consistently stressed the pact’s importance.”
-Reuters Staff, “U.S. Chamber warns U.S. demands could torpedo NAFTA talks,” Reuters, Oct. 10, 2017 02:05am