Mexico, Canada Said To "Firmly Reject" US NAFTA Proposals

It appears that Trump's attempt to ram through a sweeping NAFTA renegotiation is about to hit its first major roadblock: according to CNBC, top trade negotiators from Canada and Mexico will meet Tuesday with the U.S. Trade Representative, Robert Lighthizer, and firmly reject the U.S. proposals floated in the current round of NAFTA negotiations, citing two people briefed on the countries' positioning.

Still, Canada and Mexico will not walk away from the negotiating table altogether, despite an outright rejection of the U.S. protectionist demands, which will leave the ball in the U.S.' court.

Some more details from CNBC:

Talks among staff negotiators from the three countries concluded Monday. A meeting among Canada's Foreign Minister Chrysita Freeland, Mexico's Economy Minister Ildefonso Guajardo and Lighthizer will take place Tuesday, followed by a joint statement at 3 p.m. ET.

 

U.S. lawmakers and business trade groups have aligned themselves with Canada and Mexico in wanting to preserve the deal. It remains to be seen how President Donald Trump, who has repeatedly slammed the 23-year-old trade agreement, will react to the position.

Following the news, both the loonie and the peso slid to lows, as the question of how Trump reacts to this latest snub becomes a key concern for North American trade.

Comments

Albertarocks Tue, 10/17/2017 - 10:59 Permalink

Correction, the reaction from Mexico and Canada is not a "snub".  Why in hell would you characterise a legitimate stance as a "snub"?  Can you stoop any lower?

NoDebt tmosley Tue, 10/17/2017 - 11:10 Permalink

Does anyone care WHY free trade deals with the US only seem to work one way (against us)?  I mean, I'll give you the nickel tour here, but I really doubt anyone gives a shit:The US has practically no tariffs on incoming goods in the first place.  I think the average floats around 3.5% or thereabouts.  Most other countries it's 15, 20, 25% or more.WE HAVE NOTHING TO NEGOTIATE WITH.  They get free access, we get left holding our dick in our hands.Want to see a MEANINGFUL free trade deals?  Raise our tariffs (or Border Adjustment Tax- whatever you feel like calling it) to 20%.  They will be lining up all the way down the block to sign free trade deals with us then.  And we'll actually get something for it, unlike now.  

In reply to by tmosley

John Kerry-Heinz Defiated Tue, 10/17/2017 - 11:22 Permalink

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It can't possibly be true.  Did the prosperous countries of Canada and Mayhico just inadvertently admit they need the US international affirmative action legislation known as NAFTA to compete? FREE SHITTERS

In reply to by Defiated

superyankee Northoftheborder Tue, 10/17/2017 - 12:56 Permalink

As a fellow Canadian, I feel obligated to call bullshit on this statement.

Here are some basic economic truths. At an individual level, trade is always beneficial to both the buyer and seller, otherwise neither would engage in the transaction. On an aggregate level, absence of trade barriers and tariffs always results in more high paying jobs and cheaper shit for citizens in both trading countries.

Canada and the USA both reap amazing economic benefits from NAFTA. Each is the other's largest trading partner. More trade equals more prosperity for everyone, period. The more governments fuck with everything, the poorer we all become.

So sick of the comments being posted here by ignorant libtards from both Canada and the US saying NAFTA should be scrapped.

In reply to by Northoftheborder

skipjack superyankee Tue, 10/17/2017 - 13:22 Permalink

Hi Tom Donohue, nice to see you posting here. NAFTA is a one-way deal that cripples the US and sucks it dry. The ONLY reason the US elites want to keep it is because it grossly benefits upper management of US multinational corporations, and kills the US middle class. That's the ONLY reason it still exists, not because a nimrod like you squeals that it benefits all concerned. Next thing you'll claim is that it supports "free" trade bwahahaha! Good one, a shame we know better. Stuff your "always results in more high paying jobs and cheaper shit for citizens in both trading countries" right back up your ass where it came from. Ask the US middle class and the US skilled blue collar workers where their "high-paying jobs" went over the past 20 years, you fucking moron. Ross Perot was always right.

In reply to by superyankee

truthalwayswinsout Tue, 10/17/2017 - 10:57 Permalink

Free trade is a very simple concept. No barriers and no games.The U.S. has always honored its trade agreements with no barriers and no games but everyone else has fucked us with nothing but barriers and games in exporting goods to their countries and setting up businesses in their countries.Now the US wants to even the playing field and everyone calls that bad for trade.What fucking planet do these people live on? And how stupid do they think we are? or better yet how easily bribable are our politicians who put together such deals? 

brushhog Tue, 10/17/2017 - 10:58 Permalink

Scrap the whole thing. It has DEVASTATED the US job market. 30% Tariffs on every single good coming into the country. In 50 years, when the US has recovered we might consider a slight reduction.

deer_flasher brushhog Tue, 10/17/2017 - 11:17 Permalink

Thing is, most of the devastated jobs no longer exist anymore, anywhere. I'd like to see a single tarif, 20% tax between Canada-US-Mexico, americans are meant to do higher value work, so are canadians. Leave the grunt work to us mexicans, we can live off rather cheaply and happily, when you got nothing, life is kinda easier. And get your government to stop wasting money on defense shit, the 1 trillion dollar failure of the f35 to name a few, get your boys back home from all the stupid-ass wars the politicians create, and deal with drug addiction across, and you bet the immigration will slow down, drug violence in mexico will cease and canadians... well, canadians will be canadians xD

In reply to by brushhog

Recriminator deer_flasher Tue, 10/17/2017 - 11:52 Permalink

Now I know the meaning of "babbling idiot" . . . . Simply put, if we "exported' 20-30 million of our poor people to Canada, our economy and our Federal budget would be fine again. The PIOUS liberal Canadians are in for a big surprise with their current immigration policies. Mexico will soon have big internal problems when they no longer have a dumping ground for their poor.If we sat down thirty years ago, and asked what the most serious problems were on the horizon, the answer would be - how to handle and minimize "unskilled labor" (high school droupouts). So, under Liberal / Socialist leadership in Congress what do we do ? Allow 30-40 million unskilled Mexicans into the U.S.  CRAZY FACT - in the 80's and 90's it became obvious to the Democrat Party that we didn't have enough poverty - to maintain there dependent class. The simple answer was / is - just import more poor people. Dependency brings Democrat votes ! ! !

In reply to by deer_flasher

skipjack Recriminator Tue, 10/17/2017 - 13:29 Permalink

<B>how to handle and minimize "unskilled labor" (high school droupouts)</b> Simple. Open up trade schools like the ones that closed 30 years ago, let non-academic kids at age 13 and up attend them, and a bored, low IQ but functional worker is made. Look up the definition of "average". It used to be said that college was suited for those with IQs of 120 and above. Then the Clintons/Bushes/Obummers came along and decided all children should go, thereby pulling down those who would benefit. I shake my head at all the waste I see around me.

In reply to by Recriminator

deer_flasher Recriminator Tue, 10/17/2017 - 13:42 Permalink

Speaking of babbling idiocy... You realize I agree with the immigration policies put forth here, even thought I'm from mexico(don't confuse mexicans with mexas, we don't like those losers either, but you can send them back, we are cool with it)? Can you even comprehend what is being discussed here snowflake? Far from a liberal and not even close to conservative (both sucks), more like a libertarian, I prefer government to fuck off my life, spend less on military to fight enemies they created and be left alone to do as I please with my money, in this case, my business.I buy USA made cutting tools for my machineshop/integration company, cause I can't risk saving a couple dollars and wrecking an expensive part. Problem with negotiations as they are now, will cripple small business trying to export their products freely (in the case of my supplier, a small business in oregon, cutting tools), in the case of a BAT implementation, things from mexico will be more expensive to export to the US indeed, but the other countries will retaliate, making it more expensive to import stuff to mexico. If that happens, my cutting needs will be more expensive to buy from the USA and will force me to look elsewhere for someone willing to do business with me, most probably china, because, the tariffs imposed will now make it worth the risk to wrecking a part for saving money in a CHINA vs USA Endmill.On the other hand, big corporations will find a way around anyway. Wake up

In reply to by Recriminator

Silversides Tue, 10/17/2017 - 11:07 Permalink

We'll trade you Justin Trudeau for a case of Budweiser and a pack of Marlboroughs....there, we the people can do our own deals...hell we'll throw in Justin Beiber as well

LawsofPhysics Tue, 10/17/2017 - 10:58 Permalink

Okay fine, hardly matters now that the U.S.S.A. is effectively Nationalizing everything, of course "we the people" will have to fight for our share after the corporate owners have bought everything for pennies on the dollar..."Full Faith and Credit" 

Justin Case LawsofPhysics Tue, 10/17/2017 - 12:01 Permalink

Capitalism is a society where billionaire capitalists own vast companies, banks, shares, and much of the land as well. Elected governments are bent to the will of the big corporations which the capitalists own. To achieve genuine socialism, this ownership of the world's wealth by the 1% must be ended. Capitalism means that a great deal of our society's resources, needed to produce the things we need, are privately owned.Capitalism is based on the private ownership of the productive forces (factories, offices, science and technique)The bosses of the big corporate enterprises always threaten that if wages and conditions are not worsened, they will take their business to another country where wages are lower.

In reply to by LawsofPhysics

Zepper Tue, 10/17/2017 - 11:02 Permalink

Seriously, NAFTA is basically welfare for Canada and Mexico. The U.S. has lost out Trillions of dollars since its inception. Scrap the fucking thing already. It is only giving free money to Canada. A country that is as misandrist, backstabbing as they come. Mexico is Canada but infinitely worse. That country needs to be Porto Rico'd until nothing lives there.