NAFTA talks between Canada, US conclude; reports no deal made

NAFTA talks between Canada, US conclude; reports no deal made

They argue that increased trade has lowered prices for consumers in all three countries and created jobs from increased trade. Talks were also hung up on USA demands to eliminate dispute-resolution panels that Ottawa considers essential, two Canadian officials said Friday. "I think you would have to look at each cheese on an individual basis", he said when reached by phone in Vancouver. "Compared to the status quo, (consumers) are going to be worse off". Trump's remarks ignited more dollar buying.

However, Trump hinted that the Friday deadline may be flexible, saying that a deal with Canada may come that day, or "within a period of time".

A new chapter governing the digital economy, along with stronger intellectual property, labor and environmental standards could also work to the benefit of USA companies, helping Trump to fulfill his campaign promise of creating more American jobs.

While NAFTA has been largely successful for our workers and companies, the president is correct that United States needs new rules to face the challenges of today's modern economy, argued House Ways and Means Committee Chairman Kevin Brady.

But the question that looms over this whole debate-with its trade-law nuances and political imponderables-is if Trump has ever really wanted to modernize NAFTA.

The notification does not include Canada, the other member of the North American Free Trade Agreement.

Meredith Lilly, an associate professor and the Simon Reisman chair in worldwide affairs at Carleton University told iPolitics the United States isn't known for being a big supporter of geographical indicators.

Provisions to increase auto worker wages, for instance, will have no effect on consumers, said Lilly.

The talks are meant to bring Canada into a new trade accord that would replace the North American Free Trade Agreement. For starters, he would only have an agreement with Mexico, a "half-NAFTA".

Woman seen in video ringing doorbell in restraints is safe, police say
The video became viral on the Internet after it was released by the Montgomery County Sheriff's Department on Sunday. The grainy video, captured around 3:20 a.m. on Friday, shows a woman walking up to a house and ringing the doorbell.

Where consumers could see some benefit, though, is through changes to rules governing trade in dairy products, she said.

Take the idea that cars would need 75 percent of their content made in North America - up from 62.5 percent - to qualify for duty-free treatment in the NAFTA countries.

Trump, meanwhile, tweeted once more early Saturday, saying "I love Canada, but they've taken advantage of our Country for many years!"

"It also would require cost savings to be passed on (by producers) to the consumer, which is something that isn't a given".

"Canada's negotiating position at the very least was significantly strengthened by the determinations it was getting under the Chapter 19 process", said Matthew Kronby, a trade lawyer with Borden Ladner Gervais in Toronto.

And then there are pharmaceuticals.

Still, Trump this week expressed confidence that Canada and the USA will be able to strike a deal, hinting that there may be some flexibility in Washington's deadline. Canada wants to maintain those protections.

And previous year, seven of the top 10 patented drugs seeing growth in sales in Canada's $16.8 billion patented medicines marketplace were biologics, according to the Patented Medicine Prices Review Board. The administration's notification of its intent to sign an agreement with Mexico is encouraging, as well as its acknowledgement that Canada will be included if it is able to meet the high standards, Ways and Means Trade Subcommittee chairman Dave Reichert said.

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