Mexico says called Trump's bluff when he eyed NAFTA exit
Mexico says called Trump's bluff when he eyed NAFTA exit
Mexico, Canada weathering same Trump storm on NAFTA, but will solidarity hold?
13 May, 2017, 09:42
WASHINGTON U.S. President Donald Trump says hes ready to start a major renegotiation of the North American Free Trade Agreement, now that his trade czar has achieved his long-awaited confirmation by the U.S. Senate. Rather than buy from the USA, they're negotiating to import corn from Brazil - and even more significantly, they're planning to invest in their own farmers to make Mexico self-sufficient again in this important crop.
Canadian Foreign Minister Chrystia Freeland, in charge of trade ties with the United States, said she did not expect the administration would move immediately on Nafta.
Until NAFTA, Mexico was a corn exporter.
Lighthizer has more congressional contacts and more experience with the fine points of trade law than Navarro or Ross.
Oregon Sen. Ron Wyden, the top Democrat on the committee overseeing trade policy, took to the floor before the vote to express his support, saying "It is clear that Mr. Lighthizer not only understands how the global trading system works, but also how it sometimes breaks down...."
"It is the US government that is affecting the dollar-peso exchange rate", Ortiz said. Lighthizer noted that "conservative statesmen from Alexander Hamilton to Ronald Reagan sometimes supported protectionism". -China Economic and Security Review Commission, he lambasted USA trade officials as too passive in the face of China's economic rise.
A 1995 amendment to the 1974 Trade Act stipulates a nominee who "directly represented, aided, or advised a foreign entity" can not serve as the U.S. Trade Representative, unless granted a waiver from Congress. But some farm groups are anxious about how withdrawing from an Asia-Pacific trade deal and reworking other trade pacts could hurt sales of USA -produced beef, poultry and grains.
"If you look at the trade deficit as an indicator - not the only indicator but an indicator - China is a good part of our problem", Lighthizer said during the hearing in mid-March. "Our trade deficit with China has exploded, millions of USA manufacturing jobs have been lost".
"So far, this administration's trade strategy amounts to a muddle of 140-character tweets, mixed messages and overhyped announcements that are backed by little substance", Wyden said.
We also encourage Ambassador Lighthizer to work with Treasury Secretary Mnuchin to bring the U.S. -EU Covered Agreement on insurance prudential matters into force as quickly as possible.
Philip K Bell, president of the Steel Manufacturers' Association (SMA) said that Lighthizer's appointment was extremely pleasing.
Guajardo said the trip to China would be in September but did not provide details.
Under Lighthizer, Wolff says, "trade policy is going to get a lot more muscular".
France's CAC 40 index, which last week touched the highest level since early 2008, slipped 0.8 percent to 5,391 on Monday. Helena Alves, Thomas Adamson, Philippe Sotto in Paris and Carlo Piovano in London contributed.
Buffett said the bloody removal of a 69-year-old passenger from a United Express plane in Chicago was obviously "a bad mistake ". Berkshire Hathaway Chairman and CEO Warren Buffett prepares to hug table tennis player Ariel Hsing, bottom.
According to court records, Darta Lee, 18, is in custody on preliminary charges of home invasion and armed robbery. All three were arrested in connection with an alleged incident at Bromley Hall, a university dormitory.
One of the major papers in Turkey, Sozcu, has already called for the government to shutdown the USA base in retaliation. Central Command had convinced Trump's inner circle that the fight against ISIL can only be carried out with the YPG.
The images shared by Ars Technica also show overlapping apps which could suggest a layout similar to the present one in Android . It turns out Fuchsia has come a long way from the command line form it existed in when it was first uncovered last August.
Meanwhile, Pentagon chief Jim Mattis expressed confidence that the United States can allay Turkey's concerns over the decision. The United States regards the YPG as a valuable partner in the fight against Islamic State militants in northern Syria.
US West Texas Intermediate (WTI) crude futures were at $47.57 per barrel, up 24 cents, or 0.5 per cent from the last settlement. Brent crude has endured a volatile past few years, plummeting from more than $100 a barrel in 2014 to less than $30 last year.
The Spurs should finish the Rockets in game 6 in Houston, but that depends on what attitude they have when they are in Houston. Leonard, nursing the left ankle, walked slowly but was able to participate in the team's shootaround on Thursday morning.
North Korea showed off its military might during a parade in Pyongyang on Saturday, in celebration of its founder's birthday. Unlike at some previous parades attended by Kim, there did not appear to be a senior Chinese official in attendance.
The polls will close in a few hours and doubtlessly Moon Jae-in, who led the polls for months now, will be proclaimed the victor . The system has angered Beijing, which says its powerful radars allow Washington to spy on its own military operations.
U.S. spacewalkers overcome glitch on 200th station outing
Expedition 51 Flight Engineer Jack Fischer of NASA floats inside the International Space Station while wearing his spacesuit. The ExPRESS Carrier Avionics supplies electricity and data connections to science experiments aboard the station.
Engineer charged in deadly Amtrak crash
The Bartlett native blamed for crashing an Amtrak that killed eight people and injured hundreds more will now face charges. A federal judge in October approved a record $265 million settlement for the accident victims.
FBI Raids Annapolis Fundraising Firm
The Washington FBI office said the investigation, including the raid, is being done with "fierce coordination". The firm's vice president is former congressional aide Chip O'Neil, according to the group's website.
Manfred speaks out on Sox-O's intervention
On Wednesday night, the Red Sox permanently banned from Fenway Park a man they said used a racial slur. Dylan Bundy's fastballs at Mookie Betts' hip may have slipped under the radar.
State police: 3 dead, including deputy, in rural Arkansas
Two other people were found dead near a home, and authorities say the deaths appear to be linked to Mainhart's killing. The incident happened at the intersection of State Highway 27 and Slow Fork Road near Chickalah in Yell County.
Murray bows out as Nadal, Djokovic march on in Madrid
Nadal faces David Goffin in Friday's quarter-finals after the Belgian beat world number six Milos Raonic 6-4, 6-2. Women's defending champ Simona Halep has crushed American Coco Vandeweghe 6-1, 6-1 to reach the semis.
Treasurer calls Shorten's budget 'bulldust'
Social Services Minister Christian Porter said that Labor had not outlined enough to fund the NDIS. Although affecting only one in 100 taxpayers, this would save $1.3 billion over the medium term.