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Pros And Cons Of NAFTA Negotiations

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Like an elegant boxing match, NAFTA negotiations have been a bitter battle going back and forth between the three nations of the North American Continent. President Trump has threatened time and again to end the deal if America is not given respect. The negotiations are hearing the last bell as talks hit the sixth round.

Their last chance to meet a compromise, Canada has begun looking for new partners. Currently, 75% of their exports are sent to the United States. Mexico, who still refuses to pay for the wall, has shown signs of considering concessions. Needing the trade deal to continue, the two nations rely heavily on the United States and the important trade deal.

On Tuesday the North American Trade Deal Agreement (NAFTA) went into a key …show more content…

The original NAFTA agreement was signed in 1994 and President Trump has threatened to leave the deal multiple times during his presidency.

Calling NAFTA a disaster of a trade deal, the president asserts the agreement treats the United States very unfairly. After signing tariffs on imported solar panels and washing machines, the president said the talks to renegotiate the agreement are moving along very well and if they do not bear fruit, he will leave the deal.

Teams met to speak about the deal in Montreal on Tuesday for the for their 6th and final round of talks for negotiations. Scheduled to end in March, the Mexican elections should hold no bearing on the negotiations of the trade deal.

Canadian and Mexican negotiators have announced they are prepared to be flexible when it comes to trade with the United States. Recognizing an unquestionable deficit, the two countries are willing to discuss the manufacture of vehicles to help make the U.S. qualify for duty-free …show more content…

The delegation from Mexico has asked to find solutions on food safety, telecommunications, and anticorruption.

Although Congress has not submitted a clear proposal for Washington’s stance in the trade deal, the team from the United States are pushing to perform the president’s agenda of America first. The broker believes it very unlikely the U.S. will abandon the trade deal.

Some Canadian officials have expressed some pessimism over Washington’s abstinent view on some of the renegotiating terms. One Canadian confessed he was feeling pressured to capitulate to Washington’s demands, and hoped he would not have to walk away from such a treatise. The team from the north admitted it can be hard to create terms without knowing what the other side wants.

Canada currently sends a total of 75% of their national exports to the United States and relies heavily on trade partnership. Desperate for a trade partner, Canada signed reworked Trans Pacific Partnership (TPP) early on Tuesday. Ten other nations have come together with Canada to ensure the global trade agreement continues forward after President Trump vetoed the agreement soon after his

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