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Mexico, Canada Yawn At Trump's Threat To Blow Up NAFTA

Mexico, Canada Yawn At Trump's Threat To Blow Up NAFTAā€¯

Nevertheless, Daniel Ujczo, a trade lawyer with Dickinson Wright, said he doubts that an overhauled NAFTA would do much to narrow America's trade deficit or restore lost USA manufacturing jobs-results that Trump had vowed to deliver to the blue-collar voters in the Midwest who helped elect him.

"Mexico's negotiating strengths stem from the deep economic integration between the U.S. and Mexico, and the negative impact that a disruption in supply chains and trade flows would have to key components of the U.S. economy", BMI said Wednesday in a note to clients. It also wants to change another provision that could force companies to manufacture more in the U.S.

Cameron Bruett, head of corporate affairs at JBS USA, a leading producer of beef and pork products based in Greeley, Colo., said food and agriculture exports to Canada and Mexico have more than quadrupled from $11 billion in 1993 to $43 billion in 2016.

Nonetheless, the California farm group still believes the trade deal has on balance been a good thing for California, which produces more than one-quarter of the nation's fruits and vegetables and most of its tree nuts.

CANADA - The Canadian Meat Council suggests a successful NAFTA renegotiation could enhance the competitiveness of Canada, the United States and Mexico in global markets for meat, writes Bruce Cochrane.

The Trump administration has said that it wants a complete overhaul of the agreement in an effort to bolster domestic manufacturing by, for example, requiring a greater percentage of autos and auto parts produced under the pact to be made in the United States.

Hamer said Trump can't meet his 3 percent economic growth goal if he pulls out of NAFTA.

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"It's hard to imagine how they can do something very substantive and do it very quickly".

"That's baked into every trade promotion authority bill and into every free-trade agreement", she said.

Suggesting a termination might help jumpstart the negotiations, Trump added: "I personally don't think you can make a deal without a termination". As Max Fisher reported in June, "Canadian officials have fanned out across the United States, meeting with mayors, governors, members of Congress and business leaders on matters from trade to the environment".

Consider also that reduced costs for parts and the reduced distances of the supply chain that NAFTA allowed for have made North American made vehicles more competitive around the world. In fact, 40 percent of USA imports from Mexico originate with US companies and contain American designed and made parts.

Another industry that has thrived under NAFTA is the poultry market. Tariffs were eliminated progressively and all duties and quantitative restrictions, with the exception of those on a limited number of agricultural products traded with Canada, were eliminated by 2008.

He's made the threat numerous times, but this is the first time he's done it since Canada, the USA and Mexico began talks last week.

The 9 million jobs figure was echoed by Canadian officials, who said in a prepared statement Wednesday that they plan to continue working with "partners at all levels in the United States to promote Canada-U.S. trade, which support millions of jobs across the continent".



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