"So, we'll see what happens with Nafta". "We'll see if we can do the kind of changes that we need". And I think Justin understands this: If we can't make a deal, it'll be terminated and that will be fine.
What anything could look like was raised by U.S. President Donald Trump in his talks with Trudeau earlier Wednesday at the White House.
Reed, a Corning Republican, and Rep. Brian Higgins, a Buffalo Democrat, joined other members of the House Ways and Means Committee in a morning meeting with Trudeau, who was later scheduled to meet with President Trump. The NAFTA competition chapter is also known as Chapter 15. But critics argue it also led to the downfall of USA manufacturing as companies moved across the southern border to take advantage of cheaper labor.
Donahue identified proposals from the Trump administration to impose a sunset clause that would stipulate that the revised trade agreement would terminate after five years unless all three countries agree it should continue and increasing the percentage of parts that are used in cars and other products that have to made in the U.S., Canada or Mexico to qualify for duty-free treatment under the deal as troublesome to negotiators from Canada and Mexico. In addition, the administration is seeking eliminating dispute resolution processes.
"In terms of trade, the US sells more to Canada than it does to China, Japan and the United Kingdom combined". "There is also a wine issue in British Columbia where they are not letting our wines out front where their customers can choose".
But he also asked for more access to Canada's dairy market. Trump left open the possibility that the USA would seek to establish bilateral deals with Canada and Mexico if talks were to break down.
On the US side the event was co-chaired by Fedex Freight's CEO Michael Ducker and US Chamber of Commerce President Thomas Donohue.
While Trump campaigned on killing Nafta, mostly citing the U.S.'s trade deficit with Mexico, he's facing resistance at home.
Farm groups and agricultural lobbies have urged the Trump administration to keep NAFTA, because if the US were to leave the agreement, the agricultural industry would be slapped with potentially steep tariffs from Canada and Mexico. A bilateral deal with Canada will only be necessary if those negotiations fail, something that Trump appears to want. "It's possible we won't be able to make a deal, and it's possible that we will".
"So saying, I think it's been clear that circumstances are often challenging, and we have to be ready for anything - and we are".
Mr Trudeau said that it wasn't an easy conversation to have with Mr Trump.
"I continue to believe in NAFTA; I continue to believe that as a continent working together in complementary ways is better for our citizens and better for economic growth, and allows us to compete on a stronger footing with the global economy", Trudeau said.
Mr Trump, who made trade a key part of his 2016 presidential campaign, has repeatedly criticised Canada, alleging it unfairly blocks USA dairy products and subsidises its softwood lumber industry.
On Thursday, he'll leave for Mexico, his first official visit to that country.
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