Lunes, 28 May, 2018

Labor unions, Democrats pressure Trump ahead of NAFTA priorities statement

Labor unions, Democrats pressure Trump ahead of NAFTA priorities statement Labor unions, Democrats pressure Trump ahead of NAFTA priorities statement
Irune Rengel | 18 Julio, 2017, 01:13

"President Trump continues to fulfill his promise to renegotiate NAFTA to get a much better deal for all Americans", Lighthizer said in an accompanying press statement.

The United States on Monday outlined a tough negotiating strategy for revising the 1994 North American Free Trade Agreement and for the first time in a USA trade deal said it would seek to deter currency manipulation by trading partners.

Trump's remarks came as his administration laid out its priorities for revising the North American Free Trade Agreement (NAFTA) with Canada and Mexico.

The negotiating objectives also include adding a digital economy chapter and incorporating and strengthening labor and environment obligations that are now in NAFTA side agreements.

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Nathan Jessep - the role made famous by Jack Nicholson - in NBC's live production of A Few Good Men . Tom Hulce (" Amadeus ") was nominated for a Tony for his portrayal of Kaffee on Broadway.

President Donald Trump is vowing to boost US manufacturing by cutting the trade deficit with Mexico.

It will also seek to update and strengthen rules of origin "to ensure that the benefits of NAFTA go to products genuinely made in the United States and North America". "Under President Trump's leadership, USTR will negotiate a fair deal". The U.S. goods and services trade deficit with Mexico was $55.6 billion in 2016 and $12.5 billion with Canada.

USTR said it would seek to strengthen NAFTA's rules of origin to ensure that the pact's benefits do not go to outside countries and to "incentivize" the sourcing of USA goods.

The document asserts that no country should manipulate currency exchange to gain an unfair competitive advantage. As Reuters notes, neither Canada or Mexico is now on a U.S. Treasury "watch list" for possible currency manipulation.

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To be sure, Lighthizer's objectives are largely a wish list of items, and Canada and Mexico will have their own versions as well.

It also plans to eliminate a range of non-tariff barriers to US agricultural exports to Canada and Mexico.

President Bill Clinton signed NAFTA in December 1993.

The Mexican peso, which plunged after his surprise November victory on concerns he would take tough action on Mexico, has regained since its losses.

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The White House has declared this week "Made in America" week in an effort to highlight USA -made products. "Any renegotiation that starts off with the current trade template found in TPP is unacceptable", he said.

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