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Nafta: Clock is ticking for Canada in US trade negotiations | Nafta: Clock is ticking for Canada in US trade negotiations |
(about 3 hours later) | |
The clock is ticking for Canada to come to a trade agreement with the US after Donald Trump gave an ultimatum - sign an agreement by Friday, or else. | The clock is ticking for Canada to come to a trade agreement with the US after Donald Trump gave an ultimatum - sign an agreement by Friday, or else. |
Canada's foreign minister has flown to the US to discuss the North American Free Trade Agreement (Nafta), a landmark pact dating back to 1994. | |
Her visit comes a day after the US and Mexico agreed to a new Nafta deal. | |
Canada, the third member of Nafta, has yet to say whether it will join the revised free trade agreement. | |
On Tuesday, Foreign Minister Chrystia Freeland said Mexico's negotiations "clears the way for us to have some significant, substantive, and, I think, productive conversations with the US this week". | |
Mr Trump has threatened to tax Canada's auto sector or cut it out entirely if a deal is not reached soon. | Mr Trump has threatened to tax Canada's auto sector or cut it out entirely if a deal is not reached soon. |
But a deal without Canada could be harder than he thinks, experts say. | But a deal without Canada could be harder than he thinks, experts say. |
Herman Lawrence, a senior fellow at the CD Howe Institute in Toronto who has extensive experience in US-Canada trade relations, says Canada has been "badly treated" by this divide-and-conquer approach. | Herman Lawrence, a senior fellow at the CD Howe Institute in Toronto who has extensive experience in US-Canada trade relations, says Canada has been "badly treated" by this divide-and-conquer approach. |
"Canada has been isolated," he says. "It is outrageous that the United States and Mexico would negotiate some kind of arrangement behind closed doors." | "Canada has been isolated," he says. "It is outrageous that the United States and Mexico would negotiate some kind of arrangement behind closed doors." |
Prime Minister Justin Trudeau said "he is determined to reach a fair agreement for all concerned" as long as the deal is "good for Canada and good for middle-class Canadians". | Prime Minister Justin Trudeau said "he is determined to reach a fair agreement for all concerned" as long as the deal is "good for Canada and good for middle-class Canadians". |
If Canada does not come to an agreement by Friday, Mr Trump said he will levy additional tariffs on its auto exports. | If Canada does not come to an agreement by Friday, Mr Trump said he will levy additional tariffs on its auto exports. |
"It will either be a tariff on cars, or it will be a negotiated deal," the US president said. "And, frankly, a tariff on cars is a much easier way to go, but perhaps the other would be much better for Canada." | "It will either be a tariff on cars, or it will be a negotiated deal," the US president said. "And, frankly, a tariff on cars is a much easier way to go, but perhaps the other would be much better for Canada." |
Vehicle exports to the US are worth $56bn (C$72bn; £43bn), or 20% of Canada's total exports to the US - its largest export market. | Vehicle exports to the US are worth $56bn (C$72bn; £43bn), or 20% of Canada's total exports to the US - its largest export market. |
The costs for the US would also be high, as America's auto sector uses parts that are manufactured in Canada. | The costs for the US would also be high, as America's auto sector uses parts that are manufactured in Canada. |
"I think the question the Canadian negotiators are trying to calculate is whether or not this is a serious threat or a bluff," says Edward Alden, a senior fellow on trade at the Council of Foreign Relations in Washington, DC. | "I think the question the Canadian negotiators are trying to calculate is whether or not this is a serious threat or a bluff," says Edward Alden, a senior fellow on trade at the Council of Foreign Relations in Washington, DC. |
If auto tariffs do not work, Mr Trump has said he would be happy to "terminate" Nafta entirely and instead sign bilateral agreements with Mexico and Canada separately. | If auto tariffs do not work, Mr Trump has said he would be happy to "terminate" Nafta entirely and instead sign bilateral agreements with Mexico and Canada separately. |
But getting his way would not be that simple, Mr Lawrence says. | But getting his way would not be that simple, Mr Lawrence says. |
Mr Trump would have to give Congress 90-days notice of his intention to terminate Nafta. Congress would then have an additional 90 days to review any new agreements replacing Nafta. | Mr Trump would have to give Congress 90-days notice of his intention to terminate Nafta. Congress would then have an additional 90 days to review any new agreements replacing Nafta. |
Meanwhile, the US would be open to litigation from all sides, says Mr Lawrence. | Meanwhile, the US would be open to litigation from all sides, says Mr Lawrence. |
"I think it will be extremely difficult," he adds. "The Congress, and only the Congress, can agree to the termination of Nafta by the United States." | "I think it will be extremely difficult," he adds. "The Congress, and only the Congress, can agree to the termination of Nafta by the United States." |
Tensions between Canada and the US have been simmering since the G7 summit in June, when Mr Trump called Mr Trudeau "very dishonest and weak". | Tensions between Canada and the US have been simmering since the G7 summit in June, when Mr Trump called Mr Trudeau "very dishonest and weak". |
The looming deadline was precipitated by a political changing of the guard in Mexico, and mid-term elections in the US. | The looming deadline was precipitated by a political changing of the guard in Mexico, and mid-term elections in the US. |
Negotiators want to sign a deal with Mexico before outgoing President Enrique Pena Nieto leaves office at the end of November. | Negotiators want to sign a deal with Mexico before outgoing President Enrique Pena Nieto leaves office at the end of November. |
In order to meet that deadline, the Trump administration must present Congress with a deal at least 90 days in advance - which means the deadline is the end of August. | In order to meet that deadline, the Trump administration must present Congress with a deal at least 90 days in advance - which means the deadline is the end of August. |
It would also be a big win for Mr Trump if he could have a deal ready to go before Americans head to the polls. | It would also be a big win for Mr Trump if he could have a deal ready to go before Americans head to the polls. |
"I think what Trump is hoping for is a vindication of his approach, which is by taking a very hard line and in effect holding a gun to the head of American trading partners, he can force them to make concessions," Mr Alden said. | "I think what Trump is hoping for is a vindication of his approach, which is by taking a very hard line and in effect holding a gun to the head of American trading partners, he can force them to make concessions," Mr Alden said. |
"We're going to get a test of that over the next several days." | "We're going to get a test of that over the next several days." |