Daily Management Review

Canada Not Needed In Nafta Deal; Congress Should Not Interfere: Trump


09/04/2018




There is no need to keep Canada in the North American Free Trade Agreement, said U.S. President Donald Trump and asked the US Congress not to interfere into the trade negotiations for the Nafta rejig deal, else he would be forced to completely cancel the trilateral trade agreement. 
 
“There is no political necessity to keep Canada in the new NAFTA deal. If we don’t make a fair deal for the U.S. after decades of abuse, Canada will be out,” Trump said on Twitter.
 
“Congress should not interfere w/ these negotiations or I will simply terminate NAFTA entirely & we will be far better off,” he added.
 
Trump wants to sign a bilateral trade deal, with Mexico – which has already been agreed to with the Mexico, he told the Congress. This was informed by the US president after the trade negotiations with Canada – which also had a number of contentious issues, ended last week without any form of agreement on the revamping of the Nafta traded deal. The bilateral agreement with Mexico was announced by Trump last Monday.
 
According to some of the members of the Congress as cited by in some news reports, it is unlikely that a single bilateral deal with Mexico would be approved by the Congress without the presence of Canada in the deal. The US lawmakers are of the view that to pass a completely bilateral deal would require the participation and Support from the Democrats.
 
Following the inconclusive talks with Canada last week, a treat was issued by Trump where he said that import tariffs would be slapped by the US on Canadian-made cars if Canada refuses to join the negotiations for the revamping of the Nafta trade agreement. That threat has been severely criticized repeatedly by a large number of people. Last Saturday, Trump had again criticized the Nafta deal in his Twitter posts where he claimed the deal to be the reason for loss of U.S. manufacturing jobs and business.
 
(Source:www.reuters.com)






Science & Technology

Amazon’s Ring gets in a privacy scandal

Facebook Is Creating A Stablecoin For Its WhatsApp Users

IBM offers to use the first quantum computer

Passport Numbers Of 5 Million Customers Hacked: Concedes Marriott

China Lifts Approval Freeze On New Video Games Launch

Concentrated Solar Plant System To Dispatch Electricity To The Grid On Demand

Unique Underground Transportation Tunnel Revealed By Elon Musk

Toyota is trying to revive demand for Prius

Deloitte: Smart speakers will show record sales in 2019

China takes the lead in quantum cryptography

World Politics

World & Politics

Macedonia ignites political crisis in Greece

Brazil turns right

Merkel’s Pledge Of A United Germany in 2019

Murder Suspects Of Jamal Khashoggi Put On Trial By Saudi Arabia

Japan is trying to save its population with robots and migrants

Germany closes the last coal mine

US launches investigation against Airbus

European regions with the most polluted air