Aug 28 2018
Nafta reduced most trade barriers between the US, Mexico and Canada, but Trump and other critics say it encouraged US manufacturers to move south of the border to exploit low-wage Mexican labor. Timelines set out under US trade law mean that would nearly certainly be done by the next US Congress, raising the prospect of further hurdles. Functionally, that likely means more vehicle parts will be built and assembled in the U.S. But it could also raise wages or add more higher-paying positions in Mexico, too.
The three North American countries do about one trillion dollars in trade among themselves annually.
"We could have a separate deal, or we could put it into this deal". This will be a major boon to American automotive workers and that industry's domestic supply chain.
Addressing reporters in the White House Oval Office on Wednesday, Trump praised the preliminary agreement as an "incredible deal" for both countries.
Industrial companies, banks and big technology stocks are among the biggest winners in midday trading on Wall Street.
Ultimately, Canada may accept the deal but there's clearly a strategy here to isolate the Canada and it's one that caught them by surprise.
On Monday, they have been proved wrong by an unmitigated victory for the USA. Because we all negotiate tough. Trump realized the power this gives us and made a decision to use it to level the playing field for American workers-unlike other recent presidents.
Fed's Powell signals more hikes ahead if United States economy remains strong
The rate is now at a range of 1.75 percent to 2 percent, well above the near-zero level the Fed kept it at from late 2008 to 2015 but still historically low.
Islamabad denies Pompeo, Khan discussed terrorism in Pakistan
With respect to Afghanistan, both the leaders agreed that peace is a priority for the two countries. There are no mentions at all in the conversation about terrorists operating in Pakistan.
Omarosa: I never signed that 'draconian' White House nondisclosure agreement
The recordings came out as Omarosa promotes her new book " Unhinged , ' where she turns on her former boss and 'Apprentice " host. Minutes later, Trump retweeted Frank Luntz denying a claim in Manigault Newman's book that Luntz heard Trump use the N-word.
This is all risk friendly so far - but the Chinese part is something to take note of and while there are no truces there between the U.S. and China's trade dispute, so far, that has been good news for the dollar bulls, in the short term, on inflationary expectations - (US tariffs implemented on Chinese imports = higher import prices).
Trump said "we haven't started with Canada yet"-when in fact the USA has negotiated with Canada extensively, though Canada has been excluded from NAFTA talks in recent weeks-and "we'll start negotiations shortly". Her boss, Prime Minister Justin Trudeau, even though it was a good idea to antagonize Trump at his failed G7 summit in June.
In Washington, Pena Nieto said Mexico will wait for Canada to be "integrated in this process".
Europe previous year had a $151 billion surplus with the USA. The U.S. plan calls for increased regional content for autos. He also threatened to impose tariffs on Canadian auto imports, suggesting that might be the "easier option".
TRT World's Harry Horton reports.
"We are now inviting the Canadians in as well and hope that we can reach a fair and successful conclusion with them as well", a senior USA trade official told Reuters in an interview. Now, China is reeling and American is ascendant. There was no indication on Monday that Mexico had abandoned that position. Delivering on that promise with plenty of time to convey facts to voters means his prospects for reelection look excellent.
On the same call, a senior administration official said it was only in the last few weeks that inking a two-way deal was viewed as the best next step in the NAFTA talks.
Aug 26 2018
Iranian presence in Syria on tap for key US, Russia meeting
The two failed to release a joint statement due to disagreements on the subject of election meddling , which was raised several times during the meeting , says Bolton .
Aug 25 2018
Nazanin Zaghari-Ratcliffe held in Iran released temporarily
The temporary release was meant to allow her to see her family, particularly her daughter, the ambassador said. She is now with her family in Damavand and has been reunited with her four-year-old daughter, Gabriella.
Aug 23 2018
Hurricane Lane: Holiday hotspot braced for LIFE THREATENING conditions
Hurricane-force winds extend outward up to 40 miles from the center and tropical-storm-force winds extend outward up to 140 miles. More watches and even warnings could be necessary for additional islands as the storm moves closer in the next 24 to 48 hours.
Aug 23 2018
Ex-Trump lawyer Cohen pleads guilty in hush-money scheme
Meanwhile, in Virginia , Trump's former campaign manager was convicted of financial crimes and faces up to 240 years in jail. The judge in the case declared a mistrial for ten other financial charges after the jurors were unable to reach a verdict.
Aug 22 2018
Hawaii residents on alert as Hurricane Lane gathers strength
State and County Emergency Management Agency officials are urging residents to stay up-to-date and prepare for Hurricane Lane. The hurricane threat has forced residents to scramble to stock up on essential items such as water, toilet paper and ramen.
Aug 22 2018
India thrash England in 3rd Test: Here're the records broken
"A tough time there", Kohli said in the post-match presentation after the 203-run win over the home team. Instead, there was free admission.
Aug 19 2018
Kenedy: Newcastle midfielder's display to forget at Cardiff City Stadium
Alas, Kenedy's day took another turn for the worse as his tame effort from the spot was easily parried by keeper Neil Etheridge . It earned the Bluebirds a point, which they will take to John Smith's Stadium next weekend when they face Huddersfield Town.
Aug 19 2018
The New Yorker pays tribute to Aretha Franklin
The image is from a 2014 performance at the White House, where she sang for former US president Barack Obama and Michelle Obama . Ariana told her to text an MP3, but Franklin ended up mailing her a package, which arrived months later.
Aug 17 2018
New Haven Mayor Toni Harp gives update on K-2 overdose outbreak
Authorities said most of the New Haven patients responded to high doses of Narcan given at the hospital and they were released. Police say there haven't been any deaths linked to the overdoses, although two people were hospitalized in critical condition.
Aug 14 2018
Man who stole plane and died in crash had North Dakota ties
They described the man as "suicidal" and said he "acted alone". "We're just trying to find a place for you to land safely". The Bombardier Q400 turboprop is designed for short-distance flights and can seat 76 passengers, Alaska Air said.
Aug 27 2018Trump Organization CFO Allen Weisselberg reportedly granted immunity
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Aug 18 2018Aretha Franklin's pastor speaks of her passing
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Aug 25 2018Trump says he knew about payments 'later'
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Aug 22 2018Gulfstream jet allegedly carrying Post Malone makes emergency landing
Aug 21 2018Short jail sentence recommended for George Papadopoulos
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Aug 18 2018White House says Turkish sanctions 'regrettable'
Aug 18 2018New York University offers free tuition to all medical students
Aug 17 2018Westminster crash suspect is British citizen of Sudanese origin
Aug 15 2018Iraqi PM Abadi cancels visit to Iran amid backlash on United States sanctions