Ending NAFTA could cost USA 50000 auto parts jobs

NAFTA: Donald Trump refuses to commit to trade pact

The newspaper said British ministers were looking at joining the North American Free Trade Agreement (NAFTA) as part of planning for the possibility of Britain leaving the European Union in March 2019 without a trade deal. "It's possible we won't be able to reach a deal with one or the other, but in the meantime we'll make a deal with one".

As the pair sat down, trade negotiators huddled nearby in the Washington suburb of Arlington, Virginia for another round of talks, complicated by the aerospace spat.

Asked during his appearance with Trudeau whether NAFTA was dead, Trump said, "We'll see what happens".

Crude has also failed to benefit from Trump's likely move to decertify the worldwide deal to curb Iran's nuclear program; a decision that could make it more hard for Iran to produce and sell its oil. "We'll see if we can do the kind of changes that we need".

"We all understand that it has worked", he said of the 23-year-old North American Free Trade Agreement, before adding, "As we think about redoing trade agreements between Canada, the U.S. and Mexico, there is opportunity for improvement".

On automotive rules of origin, NAFTA negotiators face tough new USA demands to increase regional vehicle content to 85 percent from 62.5 percent, with 50 percent required from the United States, according to people briefed on the plan.

People briefed on USA proposals to be presented this week said Washington is seeking to sharply lift North American content threshold in auto manufacturing.

Under current rules, at least 62% of the parts in a auto sold in North America must come from the region to avoid being hit with taxes at the border. In addition, the United States wants to add a new 50-percent US -specific content requirement, something that was not in the earlier agreements. -Canada deal that would leave Mexico out entirely. Mexican Foreign Minister Luis Videgaray, speaking ahead of the latest round of talks, said terminating Nafta could harm US-Mexico relations and damage co-operation on issues like fighting drug-trafficking. Representatives of the auto industry warned some of the USA demands could raise prices for vehicles.

Rules of origin will be discussed by negotiators today, Sunday and Monday, according to an agenda obtained by Bloomberg. The negotiations were extended on Wednesday by two days to Oct 17.

Canadian Finance Minister William Morneau said today that he was optimistic for a new deal on North American trade, calling negotiations an "opportunity for improvement". American Express, AT&T, GM and Delta were listed on publicity material for an event hosted by the U.S. Chamber of Commerce in Mexico on Tuesday, where Donohue warned that several U.S. proposals in the NAFTA talks were "poison pills" that risked dooming the agreement.

Higgins serves as vice-ranking member on the House Committee on Ways and Means, where he also serves as a member of the subcommittee on trade.

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