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Canada rejected Thursday a US proposal to slap steep tariffs on car imports over American national security concerns. Foreign Minister Chrystia Freeland told reporters it was "absurd" to suggest that Canadian car imports threaten US national security, noting that most motor vehicles assembled in Canada are manufactured by US car companies and include US parts. American Commerce Secretary Wilbur Ross on Wednesday said he had initiated an investigation into whether auto imports were "weakening our internal economy and may impair the national security." The Wall Street Journal reported that US President Donald Trump was seeking vehicle import tariffs as... [Read More]
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1. At President Trump's request, the Commerce Department on Wednesday started an investigation into whether imported automobiles and vehicle parts represent a threat to national security. Trump wants to impose a 25 percent tariff on imported vehicles. "There is evidence suggesting that, for decades, imports from abroad have eroded our domestic auto industry," Commerce Secretary Wilbur Ross said in a statement. Trump is threatening the levies as negotiators press Canada and Mexico to accept new auto rules in the North American Free Trade Agreement. "Core industries such as automobiles and automotive parts are critical to our strength as... [Read More]
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The Trump administration launched an investigation into whether tariffs are needed on the imports of automobiles into the United States, moving swiftly as talks over the North American Free Trade Agreement have stalled. President Donald Trump predicted earlier that U.S. automakers and auto workers would be "very happy" with the outcome of... [Read More]
(Recasts with peso gains, updates prices) By Bruno Federowski BRASILIA, May 23 (Reuters) - Brazilian stocks sank on Wednesday after comments by U.S. President Donald Trump reignited global trade worries, while Mexico's peso strengthened on news that talks have continued to rework the North American Free Trade Agreement. Brazil's benchmark Bovespa index fell nearly 2 percent as shares of state-run power company Eletrobras tumbled after lawmakers torpedoed hopes for a privatization o... [Read More]
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Archbishop Timothy Broglio of the U.S. Archdiocese for the Military Services was one of seven U.S. religious leaders asking that any new North American Free Trade Agreement "avoid enhanced and extended monopolies on life-essential medicines." [Read More]
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President Donald Trump said Wednesday it was difficult to renegotiate the North American Free Trade Agreement with Canada and Mexico, calling them "spoiled" by lousy trade deals from past administrations. [Read More]
U.S. president is "not happy" with what he said were unfair proposals from Canada and Mexico in the ongoing talks to renegotiate the North American Free Trade Agreement. [Read More]
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U.S. President Donald Trump on Wednesday railed against Mexico and Canada's efforts in renegotiating the North American Free Trade Agreement (NAFTA), saying both of the United States' neighbors had been very difficult. "NAFTA is very difficult. Mexico has been very difficult to deal with. Canada has... [Read More]
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President Donald Trump is predicting that U.S. automakers and auto workers will be "very happy" with the outcome of talks over the North American Free Trade Agreement. He tells reporters on the South Lawn at the White House that "you'll be seeing very soon what I'm talking about." The president was asked... [Read More]
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U.S. President Donald Trump rails against Mexico and Canada's efforts in renegotiating the North American Free Trade Agreement, saying both neighbours had been very difficult. [Read More]
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Talks to renegotiate the North American Free Trade Agreement have reached a stalemate, with Mexico and the U.S. accusing one another of intransigence and inconsistency after missing a key deadline. [Read More]
The Trump Administration has held renegotiation of the North American Free Trade Agreement as a priority from the campaign to present-day. But it's still not clear if enough issues can be agreed upon in a timely manner. Chief White House Economic Adviser Larry Kudlow told CNBC Monday that negotiations aren't dead yet. "We want a good deal, we want a good deal for the USA, and we're looking through a whole bunch of issues, many of the items of that treaty have already been successfully renegotiated. Some of the items remain unfinished," Kudlow said. "There is a willingness on... [Read More]
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President Donald Trump, who preaches pro-business policies at home and more favorable terms for the United States in trade deals, may well help elect more anti-American leaders around the world and leave the United States more isolated and embattled. We could see the first manifestation of this in Trump's confrontational approach with Mexico. His positions on trade (particularly the North American Free Trade Agreement) and immigration, and his characterization of the people of Mexico, have boosted the prospects of presidential hopeful Andrés Manuel López Obrador in Mexico's July 1 election. [Read More]
A majority of Senate Republicans are urging the Trump administration to work closely with lawmakers to ensure the North American Free Trade Agreement (NAFTA) has enough support to win the approval of Congress. [Read More]
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U.S. Treasury Secretary Steven Mnuchin on Monday said major issues remained in talks between the United States, Mexico and Canada to renegotiate the North American Free Trade Agreement (NAFTA). [Read More]
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U.S. Treasury Secretary Steven Mnuchin on Monday said major issues remained in talks between the United States, Mexico and Canada to renegotiate the North American Free Trade Agreement. [Read More]
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Larry Kudlow, National Economic Council director, discusses the Trump administration's views on the North American Free Trade Agreement (NAFTA) and China. [Read More]
U.S. Treasury Secretary Steven Mnuchin on Monday said major issues remained in talks between the United States, Mexico and Canada to renegotiate the North American Free Trade Agreement(NAFTA). [Read More]
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U.S. Treasury Secretary Steven Mnuchin said on Monday significant issues remained in talks between the United States, Mexico and Canada to renegotiate the North American Free Trade Agreement(NAFTA). "There are still some very significant, open issues," Mnuchin said in an interview on CNBC. He said t... [Read More]
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U.S. Treasury Secretary Steven Mnuchin said on Monday significant issues remained in talks between the United States, Mexico and Canada to renegotiate the North American Free Trade Agreement(NAFTA). [Read More]
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