Trump says USMCA trade deal with Mexico and Canada proves tough talk and tariffs work
Damian Paletta, Erica Werner October 1, 2018 – Washington Post President Trump said Monday his successful use of economic threats and other hardball tactics to pressure Canada and Mexico into major trade concessions would serve as a model for future negotiations,putting other world leaders on notice. In a news conference, Trump said he would try […]
Trump, Trudeau praise USMCA trade deal they say will ‘grow middle class’
Leaders speak on telephone after trilateral trade agreement tentatively signed Kathleen Harris, CBC News Oct 01, 2018 Prime Minister Justin Trudeau and U.S. President Donald Trump are both talking up the benefits of a new trilateral trade pact between Canada, the U.S. and Mexico, saying it will grow the middle class and boost all three […]
Canadian auto, steel reaction to trade deal: From ‘sigh of relief’ to ‘sold out’
Automotive News Reaction from Canadian automotive and steel and aluminum groups to the terms of a renegotiated trade pact between Canada, the United States and Mexico range from relief to dismay as the details of the proposed new pact begin to sink in. Here’s a look at what some major Canadian players had to say: […]
Shares of Canadian auto parts suppliers surge after trade deal removes tariff threat
Martinrea International jumped 13 per cent, the most since 2014, Magna gained 5.1 per cent and Linamar rose 9 per cent Canada’s eleventh-hour inclusion in a new North America free-trade deal removes a major overhang for auto suppliers but doesn’t fix many of the competitive issues that have restricted investment in the Canadian auto industry. […]
New Trade Pact Spares U.S. Auto Makers From Tariffs but Adds Restrictions
The U.S.-Mexico-Canada Agreement eases uncertainty about the Trump administration’s trade policies, helping auto makers move forward with factory investments Chester Dawson and Adrienne Roberts The Wall Street Journal DETROIT—The new trade agreement struck Sunday night between the U.S. and Canada eases uncertainty in the U.S. auto industry about the Trump administration’s trade policy, helping car […]
United States-Mexico-Canada Trade Agreement
Dear Members, Canada, its largest trading partner, the United States and Mexico have agreed to the USMCA (United States-Mexico-Canada) Trade Agreement to replace the existing NAFTA.This is the first trade deal between major auto producing nations since the original NAFTA that sees the Regional Value Content (RVC) for automotive production go up in the region. […]
We’ll keep pressuring on metals tariffs: Auto parts association president
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Trump Clears Deck for China Trade War With New Nafta Deal
Rich Miller, Andrew Mayeda , Jenny Leonard President Donald Trump looks to be preparing for a potentially protracted economic war with China by clearing the decks of disputes with America’s other trading competitors. In just the last few weeks, he’s struck a last-minute deal with Canada and Mexico, signed a trade agreement with South Korea […]
Inside the USMCA deal: How homemade brisket and a last-minute concession brought relief
Foreign Affairs Minister Chrystia Freeland said Monday she warned at the start of the trade talks last year there would be moments of drama: ‘And there have been’ Tom Blackwell – Financial Post October 1, 2018 On a pressure-filled weekend fuelled by multiple fast-food runs, it was a welcome respite. As a small, elite team […]
Windsor to profit from new North American trade agreement
There was excitement from both industry officials and labour Monday about what the new United States-Mexico-Canada Agreement will mean to the Canadian auto industry and automotive towns like Windsor. DAVE WADDELL, WINDSOR STAR October 1, 2018 “It means companies better be ready to invest in people and equipment to meet the demand,” said Flavio Volpe, […]