Trump says he wouldn't mind replacing NAFTA with 2 deals

Charlene Craig
June 7, 2018

Prime Minister Justin Trudeau this week plays host to a summit of the Group of Seven leading industrialized nations with six of the seven members outraged at the United States over a slew of recent moves by President Donald Trump.

Trump enraged US allies Canada, Mexico and the European Union last week by slapping tariffs on their steel and aluminum shipments to the United States; most other countries have been paying the tariffs since March.

Speaking at an aluminium summit in Montreal, Canada, Champagne stressed that the USA decision was a breach of World Trade Organization and North American Free Trade Agreement rules.

Earlier today, this message was conveyed to Prime Minister Justin Trudeau of Canada: "The United States will agree to a fair deal, or there will be no deal at all".

Trudeau is calling the tariffs "totally unacceptable", suggested they would alter the relationship between the two countries, and has announced plans to levy tariffs on $12.8 billion in US exports.

LeBron James INJURED: Cavs star in serious trouble with right ankle?
We should still be uncomfortable with the series, as we were in game one and as we were tonight. "We can play so much better". It's bad that the ref didn't stop the play, admit his mistake and have the Cleveland Cavaliers put the ball back in bounds.

Trump's trade policies - and specifically the steel and aluminum tariffs - have drawn global denunciation. The list which covers 10- pages of USA products includes bourbon and Harley Davidson motorcycles.

The United States had sought to use the tariff threat as a cudgel to win concessions from Canada and Mexico in talks to renegotiate NAFTA, offering the two US neighbors a permanent exemption if they agreed to USA demands. "But we see no sign of that in this action today by the USA administration", Trudeau said. "And on top of that, these tariffs are going to be hurting American workers and Canadian workers".

Trump's disdain for diplomatic niceties and his "America first" policies have created a rift with countries whose alliance with the United States dates to the Cold War with the Soviet Union. China has threatened to hit back with tit-for-tat tariffs on tens of billions of dollars in U.S. goods - as have Canadian, EU and Mexican authorities. Trump has regularly criticized Canada's system, including last week. Trump has said the agreement is unfair to the US but recent efforts to revise the agreement have stalled after Vice President Mike Pence reportedly demanded that any NAFTA deal expire automatically in five years.

"These tariffs may go on for a while or they may not", he said.

If the WTO hears the complaint, Georgetown law professor Jennifer Hillman says the chances that the organization would side against the USA are extremely strong because, "it's a very clear case of a violation".

Deaths, injuries reported after volcano erupts in Guatemala
Farmers covered in ash fled for their lives as civil defense staffers tried to relocate them to shelters during the event. An estimated 25 people, including at least three children, were killed and almost 300 injured on Sunday, officials said.

The Liberal government is also expected to face many protests over Trans Mountain, following the outrage that has greeted its pipeline plan so far.

But he exempted Canada, Mexico and the European Union to buy time for negotiations, a reprieve that expired at midnight on Thursday. Tariffs discourage imports by making them more expensive.

Most economists - Trump's trade adviser Peter Navarro is a notable exception - say no. "They must open their markets and take down their trade barriers!" he wrote on Twitter. Macron pledged the riposte would be "firm" and "proportionate" and in line with World Trade Organization rules.

International Monetary Fund Managing Director Christine Lagarde said if trade is "massively disrupted", the level of public trust in leaders will be severely damaged.

Microsoft reportedly in "serious" talks to acquire GitHub
Under Nadella's leadership, Microsoft has been trying hard to shed its image of being an enemy of open source software and Linux. It's also worth mentioning that this isn't the first time Microsoft approached the coding company with an intention to buy it.

Other reports by

Discuss This Article