vegassports-odds.com
vegassports-odds.com June 23, 2017


Trump administration confirms renegotiation of NAFTA

20 May 2017, 09:44 | Taylor George

U.S. President Donald Trump's threats to renegotiate the North American Free Trade Agreement are coming to fruition.

In a letter sent Thursday to congressional leaders, U.S. Trade Representative Robert Lighthizer said the administration plans 90 days of consultations with lawmakers over how to rewrite the agreement followed by negotiations with Canada and Mexico that could begin after August 16.

"The United States seeks to support higher-paying jobs in the United States and to grow the U.S. economy by improving USA opportunities under NAFTA", he said.

The letter claimed NAFTA has led to tremendous growth in USA trade with Mexico and Canada, integrated cross-border supply chains that benefit United States employers, and more than tripled U.S. exports of goods and services.

However, Democratic leader Nancy Pelosi said the vague NAFTA letter is a stark contrast with the aggressive promises Trump made during his presidential campaign.

NAFTA opened the doors for a flood of subsidized agricultural products and large-scale consolidation, eviscerating small farmers on both sides of the U.S. -Mexico border.

The National Pork Producers Council is urging the president to make sure that tariffs remain at zero for pork traded throughout North America.

"For all his rhetoric, President Trump looks to be sorely disappointing American workers on trade", she said.

Canada's Foreign Affairs Minister has reiterated the Government's commitment to NAFTA following the US Administration's launch of consultations on its renegotiation.

Browns sign Texas A&M's Myles Garrett, 1st overall pick
Brantley earned second-team All-SEC honors in 2016 after finishing the year with 31 tackles, 2.5 sacks and 9.5 tackles for loss. Announced on Friday, Garret has signed his four year contract worth $30.4 million, including a $20.2 million signing bonus.

Assange claims victory after Sweden drops rape probe
United States justice authorities have never confirmed that they have Assange under investigation or are seeking his extradition. Just last month, the Trump administration's Justice Department was reported to be reconsidering whether to charge Assange.

Curry shines as Warriors crush Spurs
Leonard isn't expected to play in Game 2 on Tuesday.? The Warriors shot well, especially from beyond the 3-point arc. At the same time, Steph Curry was uncorking his second straight monster game. "It's fun to watch".

Some politicians and "experts" still don't understand - or don't want to understand - that a great deal of popular discontent in the United States, Mexico, and Canada alike is rooted in undemocratic policies that have produced inequality, unemployment, migration, food dependency, and pollution. "For example, digital trade was in its infancy when Nafta was enacted".

In February, the Congressional Research Service released a report on NAFTA, which found the trade agreement "did not cause the huge job losses feared by the critics or the large economic gains predicted by supporters".

Douglas said it is also important, and in line with indications from the president, that the NAFTA negotiations differentiate between Canada and Mexico in appropriate ways.

In the letter Lighthizer points out that NAFTA was negotiated 25 years ago and many of its provisions don't "reflect modern standards".

Trump's decision to start the 90-day period comes a few weeks after he threatened to pull out of NAFTA.

It's why we recently announced the creation of an undersecretary for trade at USDA, because as world markets expand, we will be an unapologetic advocate for American agriculture.

"Let me be clear: NAFTA is vital to the prosperity of the USA textile industry, and NCTO steadfastly supports continuing the agreement".

Meanwhile, the letter he sent to lawmakers to kickstart consultations omitted numerous thorny points cited in an earlier draft, such as leveling the playing field on tax treatment and bulking up "Buy America" procurement provisions-goals that might meet stiff resistance from Canada and Mexico.



Other News

Trending Now

Ivanka Trump, Jared Kushner get rabbinical approval to fly on Jewish Sabbath
During the 2016 campaign, Kushner also broke Shabbat during the worst crisis to engulf Trump. And it appears Jared Kushner has the CEO's number.

1 firefighter killed, 2 seriously hurt in San Antonio fire
It wasn't immediately clear what caused the fire and Chief Hood said the department will continue to investigate the scene. Two other firefighters were sent to the hospital with injuries, but Hood said they were expected to be fine.

Surprise Q4 loss sends SIA shares diving 7.25%
SIA Cargo was previously a division of SIA until July 2001, when it became a separate company within the SIA Group . SIA is not alone in reporting sliding profits.

Almodovar and Smith's comments on Netflix at Cannes
They go to a movie theater to be humbled in front of certain images, and there's other films that they prefer to watch at home. It is yet uncertain whether Im Si-wan, who leads the film alongside Seol, will be able to attend due to his filming schedule.