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White House Chief Economic Advisor Kudlow8month27Japan expressed that he hopes Canada can draw inspiration from the successful trade negotiations between the United States and Mexico, otherwise the United States may resort to car tariffs. Canadian Foreign Minister Freeland will28Continuing to Washington recentlyNAFTANegotiations, the US dollar fell against the Canadian dollar upon hearing the news.
White House Chief Economic Advisor Kudlow on Monday(8month27Japan expressed that he hopes Canada can draw inspiration from the successful trade negotiations between the United States and Mexico, otherwise the United States may resort to car tariffs. Canada will begin a round of negotiations with the United States this week.
We hope Canada will take a good look at how successful our negotiations have been, and we really hope to reach an agreement with them
The US Mexico Agreement has been reached
27On the same day, US President Trump announced that the United States has reached a new trade agreement with Mexico, which will replace the North American Free Trade Agreement(NAFTA)Pave the way.
For months, the US government has been attempting to renegotiate agreements reached with Mexico and Canada24The annual agreement. After progress has been made in negotiations between Mexico and the United States, Canada must now join the talks.
Kudlow said that if the United States and Canada cannot reach a good 'fair agreement', the United States may have to resort to car tariffs. Previously, US President Trump had threatened to impose car tariffs on Canada. Kudlow said, "We hope that Canada can cooperate with us and develop in the direction we hope for
The new agreement reached between the United States and Mexico is16Every year, every6Review once a year and must be approved by Congress. US Trade Negotiator Lighthizer(Robert Lighthizer)This plan does not cover light vehicles imported from Mexico, but still maintains steel and aluminum tariffs on Mexico.
Trump stated that the agreement reached between the two countries will be referred to as the United States-The Mexico Trade Agreement has cancelled the North American Free Trade Agreement(NAFTA)The name.
Trump said,NAFTAThis name has a negative connotation because the United States isNAFTAThe injury is very deep. He added that this agreement will be helpful for American farmers and manufacturers, as Mexican officials have promised to start purchasing as much American agricultural products as possible.
Canadian Foreign Minister Freeland will travel to Washington to continueNAFTAnegotiation
Spokesperson for Canadian Foreign Minister Freeland27Japan announced that Freeland has ended her European trip ahead of schedule and is heading to Washington, D.C., USA, for Tuesday(8month28Participate inNAFTAconsultations.
Freeman's spokesperson Austin(Adam Austen)In an email statement, it was stated: "Given the encouraging news of further bilateral progress between the United States and Mexico, Foreign Minister Freeland will travel to Washington on Tuesday to continue negotiations. We will only sign new agreements that benefit Canada and the middle classNAFTAAgreement. A Canadian signature is required. ”