Welcome
Tuesday, June 5, 2018
Trump Again Talks of Separate Canada, Mexico Trade Deals
President Donald Trump is again mentioning the possibility of bilateral trade deals with Canada and Mexico.Trump noted they are “two very different countries,” in comments to reporters. He added, “[I] wouldn’t mind seeing NAFTA where you’d go by a different name ... a separate deal with Canada... a separate deal with Mexico.” The U.S. and Canada have a bilateral free trade agreement dating to the Reagan administration that was superseded by NAFTA in 1994.Trump emphasized his common refrain that the U.S. loses “a lot of money with Canada” because of NAFTA as it stands, and loses “a fortune with Mexico."Finally, he remarked on a decision to place metal tariffs on Canada, Mexico and the European Union (EU). Trump stressed that he believed the U.S. was being taken advantage of, and that the tough approach was warranted. “I believe in the word reciprocal,” he observed