Mexico Strikes Back in WTO Complaint as NAFTA 'Shift' Eyed by Trump

Mexico Strikes Back in WTO Complaint as NAFTA 'Shift' Eyed by Trump

Mexico Strikes Back in WTO Complaint as NAFTA 'Shift' Eyed by Trump

Collectively Canada, the European Union, Mexico, Russia, India, Japan and Turkey have already announced $40 billion worth of retaliatory tariffs on us -made products.

The fallout from Trump's imposition of steel and aluminum tariffs on his G7 partners, as well as broader disagreements on trade and climate change, was also fuelling the G6-plus-one divide that has the US increasingly offside with its allies.

And France's President Emmanuel Macron, who met Trudeau in Ottawa before they headed on to the summit, said he would rally support from his British, German and Italian counterparts before they all sit down with Trump.

USA senior economic adviser Larry Kudlow played down his country's trade dispute with Canada, and said he hoped Trump and Trudeau could work through their differences during their face-to-face meeting at the summit, which opens Friday. "I'm always the optimist, I believe it can be worked out, and I'm always hopeful on that point".

Macron told journalists on Thursday, referring to Trump, that "nobody is forever", Reuters reported.

With the leaders of the Group of Seven industrialized democracies due in Quebec, Canada's Prime Minister Justin Trudeau warned the USA leader that they would not roll over on trade tariffs. The White House is expecting a chilly reception from Canada and West European countries, already frustrated over Trump's withdrawal from the Paris climate accord and the Iran nuclear agreement.

Ottawa is also frustrated with the slow-moving talks to update the North American Free Trade Agreement, the 1994 agreement between Canada, the United States and Mexico.

That plan fell through when the White House insisted that he agree to including a five-year sunset clause in the deal.

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Mnuchin, who announced the truce in mid-May, has been at loggerheads with more protectionist-minded Trump administration figures. The negotiating process should be "based on the premise" of not fighting a "trade war", the statement said.

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One of CNN's sources told reporters it was unclear if the comment was interpreted as a joke by Trudeau, saying, "To the degree one can ever take what is said as a joke". Bob Corker, the official said.

"We have on various occasions heard the president speak about his interest or his musings about bilateral deals, instead of the trilateral NAFTA that we have", Trudeau said. "There will be no world hegemony if we know how to organize ourselves".

"Tariffs are a wake-up call", Kudlow said in a First on FOX Business interview on Wednesday.

The US Chamber of Commerce says that 2.6 million jobs are threatened by the Trump administration's hardline stance on imports, citing the possibility of retaliatory tariffs by US trading partners.

Analysts say the tariffs are created to hit US Republican strongholds ahead of mid-term elections in November. "People should realize how serious he is in that respect", said Kudlow.

But talks have bogged down amid efforts to satisfy US President Donald Trump's demands for better terms, including a larger share of US-made components in North American autos.

"This is devastating to my family and pork producing families across the United States", Jim Heimerl, the president of U.S. trade body The National Pork Producers Council, said. In fact British attack on Washington was in retaliation for the American attack on York, Ontario, in territory that eventually became Canada, which was a British colony at that time.

"I didn't pay much attention to the quip; I focused on the message I was putting out, which was that it is inconceivable - and quite frankly insulting - that the United States considers Canada to be a threat to national security".

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