President Trump's leaked 'off-record' comments complicate trade deal with Canada

President Trump's leaked 'off-record' comments complicate trade deal with Canada

President Trump's leaked 'off-record' comments complicate trade deal with Canada

While current Mexican officials continue to express their hope that Canada will rejoin, Foreign Minister Luis Videgaray was blunt about his country's calculations.

"We're continuing to work very hard, and we're making progress".

After four days of marathon negotiations between Canadian and U.S. officials failed to produce an agreement on Friday, the White House told Congress it would enter into a revised trade deal with Mexico and that it was up to Canada to decide whether to remain in the trilateral NAFTA pact. While this news site has been bitterly disappointed by Trump on several fronts, we are by and large pleased with his ongoing unwinding of several deleterious crony capitalist trade agreements. But it does officially start the countdown clock. Is it that Trump knew it was important to keep his negotiating strategy a secret, and then immediately blabbed about it to a reporter? It also creates a statutory timeline for notifying Congress of any deal.

For now, the United States plans to move forward with a deal with Mexico on terms reached earlier in the week. "It may be by Friday or it may be within a period of time", Trump said.

"I intend to enter into a trade agreement with Mexico, and with Canada, if it is willing, in a timely manner, to meet the high standards for free, fair, and reciprocal trade contained therein", Trump said in his notification to the House of Representatives and the Senate.

According to The Wall Street Journal, the dispute between US and Canada hinges on agricultural and media protection policies, as well as the installation of a system that would allow any of the three countries in the agreement to challenge tariffs imposed by one of the others.

Throughout the day Friday, it became increasingly clear that Canada and the US would be unable to reach an agreement.

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Ultimately, the decision on whether or not this TPA covers the bilateral deal may come down to the Senate parliamentarian - the official rules-keeper of the chamber. 'We are confident that a win-win-win deal is possible, and we're always going to stand up for the national interest and Canadian values'.

Canada's Foreign Affairs Minister Chrystia Freeland speaks to the media as she comments during a break in trade talks at the Office of the United States Trade Representative, Thursday, Aug. 30, 2018, in Washington. Trump wanted the comments to remain private.

Following four separate meetings on Thursday, which continued late into the night, Ms Freeland told reporters that a deal could not be reached, adding that talks would resume on Friday. Freeland said both sides have committed to avoid "negotiating in public" due to the intensity of the negotiations. "But I will tell you, the relationship will be damaged much longer than it will take the ink to dry on a new NAFTA deal". And his team said it preferred bi-lateral, or two-way, deals with each of Canada and Mexico.

In Canada, biologics, which include anti-inflammatory medications such as Remicade, are effectively protected from competition from generic products for eight years.

Later Trump tweeted an admission had made the remark: "Wow, I made OFF THE RECORD COMMENTS to Bloomberg concerning Canada, and this powerful understanding was BLATANTLY VIOLATED".

If he can get Canada on board with his NAFTA plan by the end of September, he will have taken a major step toward a top economic promise from his campaign.

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