Trump's comments about ending NAFTA rattle Texas political and business leaders

Country Trade Goals

NAFTA Round One: Gordon Johnson Weighs In On Free Trade's Effects On Steel, Manufacturing

The Unites States, Mexico and Canada have asserted their commitment to update the trilateral North American Free Trade Agreement (NAFTA) after the first round of talks for renegotiating the pact concluded recently in Washington.

"Trump had said from early days that he would end the NAFTA agreement if he couldn't get more beneficial terms for the USA, and reminding the audience of that he added, "...but we're going to see what happens". "Personally, I don't think we can make a deal", he said, days after the first round of negotiations for the new NAFTA.

Our previous worldwide trade brief outlined the Canadian government's objectives for the North American Free Trade Agreement (NAFTA) renegotiations and what the implications are for Canadian businesses.

Ahead of the talks last week, the USA stressed that negotiations wouldn't just bring about tweaks to the deal, but a much more major overhaul.

Referring to the agreement as "the worst trade deal" in USA history, the president had previously agreed that renegotiations would be better than terminating the trade pact, admitting that it would be "a pretty big shock to the system". American manufacturers have invested heavily in supply chains that straddle NAFTA borders and have come to depend on duty-free shipments within the trade bloc.

The Trump administration did not push for a NAFTA renegotiation because it wanted to create a modernized NAFTA 2.0 that benefits all sides. Mexico has presidential elections next July, and the US holds congressional elections next November.

US Issues Warning Against Traveling to Cancun
As for the murders and carjackings cited in the warning , it said most involving USA citizens happened at night on isolated roads. Officials added that there's no evidence that US citizens are being targeted exclusively based on their nationality, however.

Those numbers include products that travelled though the U.S., Mexico and Yukon and on to other destinations.

Cornyn has spoken often about the importance of NAFTA, and reaffirmed as much last week when the Trump administration began renegotiating the two-decade old pact with Mexico and Canada, which has economically transformed the Valley.

"They're going to look for some things they could say, "We improved it, we did better" and move on", he said.

"We've opened up a huge negotiation process of one of the world's most ambitious trade agreements on the back of very anti-Mexican" rhetoric from Trump, said the Mexican official, who spoke on the condition of anonymity. Since NAFTA was negotiated, biotechnology has expanded significantly.

Coates admits that changes related to the environment, gender and Indigenous issues are unlikely to be agreed to by the Americans under President Donald Trump.

Mexican Foreign Minister Luis Videgaray referred to Trump's NAFTA commentary as a negotiating tactic, according to a report by Reuters.

GCSEs: Lutterworth High School receives GCSE results for first time
They may be the guinea pigs for the new marking system but many pupils this year had done well above their expectations. Overall, 93 per cent of students were awarded grade 4 and above, closely equivalent to the previous grade C and above.

Or, even more unlikely, they might be hoping that the feedback gives them political cover to agree with Canada and Mexico on the issue.

But he also suggested the people at the negotiating table are not working off Trump's's whims.

"We're just getting used to these ideas that essentially what you do is to take a trade negotiation away from practicalities, which is how do we pass oil and gas across the border ... into values".

"It really puts the screws to everyone at the table to get something done quickly", said Hoback.

Business leaders said they were encouraged by how Texas state officials were speaking out on the importance of NAFTA. This has caused understandable concern for producers, but if the USA maintains the right priorities in these negotiations, the agriculture industry can benefit from an updated agreement. As a practical matter, he said, if NAFTA negotiations slow down and become snarled in election-year politics, "it's going to be hard to get it done in 2018".

Jaguars waiting on QB decision to 'see how this thing goes'
While most teams like to rest their starters in the last exhibition game, the Jacksonville Jaguars do not have that luxury. Former University of MI quarterback Chad Henne is in a heated battle for the starting quarterback role in Jacksonville.

Latest News