techkenyot.com
techkenyot.com August 20, 2018


US Offers Proposal That Could Kill Nafta in 5 Years

12 October 2017, 09:11 | Glen Norman

He sounds like he really means

He sounds like he really means

But what he wants — from requiring that more auto production be made-in-America to shifting more government contracts to US companies — will likely be unacceptable to America's two NAFTA partners, Mexico and Canada.

Prime Minister Trudeau says he's ready for the end of NAFTA if no satisfactory deal can be achieved with the US.

"My optimism toward NAFTA, toward a renegotiation, isn't based on personality or reading political tea leaves", Trudeau said following his talks with Trump. Trudeau has said he is optimistic about the deal's fate but admitted there was room for improvement.

In his Oval Office comments, Trump added that "we have to protect our workers, and in all fairness, the prime minister wants to protect Canada and his people also".

One of the most contentious USA proposals is around so-called rules of origin for vehicles, which govern what share of a auto must be built within NAFTA countries to receive the pact's benefits.

Trump Makes Puzzling Claim That Stock Market Gains Have Reduced The Debt
The national debt, which he correctly states is $20 trillion, is the result of the government spending more than it takes in. I'm great with debt. "They are going up, and some are already finished, and I will say they are really looking good".

Trump even said that the North American Free Trade Agreement (NAFTA) can be scrapped to make the bilateral deal, leaving out Mexico. Raising Mexican wages is one U.S. negotiating objective, a U.S. Trade Rep's fact sheet says, along with eliminating the ISDS.

Both Canada and the United States differ in the climate change.

President Donald Trump remained non-committal about the future of the North American Free Trade Agreement on Wednesday as he welcomed Canadian Prime Minister Justin Trudeau to the White House amid simmering disputes over trade between the two North American neighbors.

The Chamber estimates that about 14m U.S. jobs depend on trade with Canada and Mexico, and more than $1bn in commerce is conducted daily across the southern and northern borders. We're going to do well.

But U.S. and Mexican corporate chief executives gathered in Mexico City said they would be better off with no NAFTA than be saddled with a "bad agreement".

Robert Pattinson And FKA Twigs Have Reportedly Called Off Their Engagement
The British singer, however, was spotted without her engagement ring last month. Vincent, and is now in a relationship with model Stella Maxwell.

However, a study released on Thursday by the Motor Equipment Manufacturers Association, which represents USA auto parts makers, showed the higher content requirements would lead to the loss of up to 24,000 U.S.jobs, as some companies would forego NAFTA's tariff-free benefits and ship in more components from other countries.

People briefed on US proposals to be presented this week said Washington was seeking to sharply lift North American content threshold in vehicle manufacturing.

"These will be met with widespread opposition from Canada and Mexico".

"The latest round of NAFTA re-negotiations represents a real opportunity for the Trump Administration to make meaningful progress in essential negotiations". But Mexico strongly opposes a USA -specific content requirement, which would limit the growth of its own auto industry.

According to a schedule seen by Reuters, meetings on government procurement, cross-border services trade, environmental issues and state-owned enterprises were set to conclude for the current round on Thursday. The negotiations were extended on Wednesday by two days to Oct 17. But some agricultural products would be slapped with with far higher duties, including a 25% hike on shipments of beef, 45% on turkey, 75% on chicken, potatoes and high fructose corn syrup sent to Mexico from the US.

Gabelli Funds LLC Has $2.635 Million Stake in Regeneron Pharmaceuticals Inc (REGN)
The investment professionals in our partner's database now have: 71.53 million shares, up from 70.55 million shares in 2017Q1. It has outperformed by 0.70% the S&P500.The move comes after 5 months negative chart setup for the $48.31 billion company.

Overall trade between the three Nafta partners reached $1.1 trillion in 2016.



Other News

Trending Now

Spanish Eurofighter Crashes Following Military Parade
Thursday's parade saw the participation of 3,900 military personal, along with 78 different aircraft, including four Eurofighters. The cause of the crash was unclear and the Ministry of Defense has launched an investigation, the air force added.

Xbox One Will Still Get Original Xbox Backwards Compatibility This Year
Each bundle includes an Xbox One S console along with a popular game plus additional content. "It will be the console that sells". However, Spencer said that the Microsoft Xbox One X console is not for everyone just like the Xbox One Elite controller.

MannKind Corporation (MNKD) Shares Slip from 52 Week Hights; Here's Why
It focuses on the discovery, development and commercialization of therapeutic products for diseases, such as diabetes and cancer. The author does not have any position in the stock mentioned and in no way is recommending to Buy or Sell MannKind Corporation .

As House weighs hurricane aid, Trump lashes out at Puerto Rico- again
He says Puerto Rico already faced hard fiscal and economic problems before being devastated by Hurricane Maria. More than a third of Puerto Ricans are still struggling to live without drinking water.

ONEOK, Inc. (OKE) Position Raised by Raymond James Financial Services Advisors Inc
It improved, as 57 investors sold OKE shares while 149 reduced holdings. 47 funds opened positions while 120 raised stakes. Dearborn Partners Ltd Llc holds 0.02% of its portfolio in Gentex Corporation (NASDAQ:GNTX) for 12,300 shares. (NYSE:OKE).

Kyrie Irving Rips Cleveland as a Sports City, Already Loves Boston
Irving would go on to talk about the differences in culture and food and people - obvious facts. The difference between Boston and Cleveland is practically night and day.

Sector Investor's Alert - Juniper Networks, Inc. (NYSE:JNPR), Shopify Inc. (NASDAQ:SHOP)
Keeping an eyeball on Moving Averages, the 50-day is 27.66; the 200-day is at 28.48, for Juniper Networks, Inc . (NYSE: JNPR ). The Firm sells its high-performance network products and service offerings across routing , switching and security.

DOJ gives last chance warning to NYC for sanctuary city policies
New Orleans, New York and Philadelphia join Chicago and Cook County in remaining out of compliance, the Justice Department said. That's to protect victims and witnesses of crimes who would otherwise be afraid to come forward, city officials say.

Anger at smiling child killer walking free from Australian court
Justice Martin Burns said Scown was not responsible for the injuries that killed Tyrell but failed in his duty of care. Tyrell died on the Gold Coast in May 2009 from internal bleeding and stomach injuries caused by blunt force trauma.

CRA to Back off on Taxing Employee Benefits
A revised edict explaining the CRA's expectations for what employers have to report will then be put out for stakeholder consultation.