Vague trade plan after Trump's tough talk

Vague trade plan after Trump's tough talk

Also, note that this is simply what the USA will ask for, and not necessarily what it will get after sitting down with Canada and Mexico.

The Trump administration is seeking mainly limited changes to the North American Free Trade Agreement with Mexico and Canada, the Wall Street Journal reported on Thursday, citing an administrative draft proposal circulated in Congress by the Office of the U.S. Trade Representative.

Some critics say these entities infringe on national sovereignty. Sherrod Brown. "President Trump made big promises to working people in OH, and I'm ready to work with him to deliver on those promises or hold him accountable if he doesn't".

"There's no change in our thinking", Ross told CNBC.

"For reasons of scale alone, improving the NAFTA has the greatest potential to benefit the workers, farmers, and firms of the United States", the draft says, which was signed by Stephen P. Vaughan, the acting U.S. Trade Representative.

If it represents the president's plan for a revamped NAFTA, she said, "he will have broken his campaign promises to make NAFTA better for working Americans and have a deal that can not get a majority in Congress".


The draft letter suggests a much more diplomatic tone than President Trump has threatened to use during NAFTA renegotiations.

"The language is soft". He frequently called the pact a "disaster".

The eight-page letter outlines a number of categories where the US will seek changes to NAFTA.

On the campaign trail, Trump made it sound like he wanted to rip up NAFTA altogether. China's central authorities still reserve the right to take measures to stabilize currency markets and the banking sector, while Mexico's banking system is largely foreign owned.

But the president also created the National Trade Council led by the economist Peter Navarro, who has talked up border taxes in hopes of bringing factory jobs back into the United States. It says, among other things, that the White House would look to strengthen cooperation under the World Trade Organization, an global group that the Trump administration had suggested in the past it might not abide by.

Spicer added that Trump's nominee for USA trade representative, Robert Lighthizer, hasn't yet been confirmed by the Senate.

Related News:

  • Schiff: The White House Letter Raised More Questions Than Answers

    Schiff: The White House Letter Raised More Questions Than Answers

    Nunes told Bloomberg earlier this week that his source was an intelligence official, not a White House staffer. They spoke only on condition of anonymity because they were not authorized to comment publicly by name.

    Lukas Podolski: England have stopped playing rugby under Gareth Southgate

    "It's great for the two young ones at the end to get a feel of global football". They also play in big teams in the Premier League, which helps".
    New Zealand beats Fiji 2-0 in World Cup qualifier

    New Zealand beats Fiji 2-0 in World Cup qualifier

    The teams met during last year's OFC Nations Cup, with New Zealand earning a 3-1 group-stage victory. New Zealand after Australia's departure to the Asian Conference is the strongest team in Oceania.
  • Active Volume Stock: Chesapeake Energy Corporation (CHK)

    Active Volume Stock: Chesapeake Energy Corporation (CHK)

    Noteworthy movements of Stock: Chesapeake Energy Corporation's (CHK ) share price has value at $5.81 with last change of 7.79%. SunTrust Banks, Inc. reiterated a "buy" rating on shares of Chesapeake Energy in a research note on Saturday, January 21st.

    Ozil, Sanchez want to stay at Arsenal: Wenger

    Alexis was also largely misquoted by British press during the same interview, when he stated that he would like to stay in a city for a long time, and build a winning club.
    Stunning images of Jupiter from NASA Juno mission

    Stunning images of Jupiter from NASA Juno mission

    Following its 20 months in orbit, Juno will crash land on the planet whilst also offering a never before look at its atmosphere. Someone even merged all the images from the fifth flyby into a 3D animation, which shows the trip from Juno's viewpoint.
  • Putin Says He's Ready to Meet Trump If Finland Hosts Summit

    Putin Says He's Ready to Meet Trump If Finland Hosts Summit

    The Arctic Council, a high-level intergovernmental forum set up in 1996, consists of Russia , Canada, Denmark, Finland, Iceland, Norway, Sweden, and the United States.

    Samsung launches Galaxy S8 and dreams of recovery from Note 7

    The Galaxy Note 7's iris scanner allows you to open the phone with your eyes and the new phones will offer this tech as well. Other features include Samsung Pay, and high-performance earphones tuned by AKG by Harman comes with the device in the box.
    Abby Lee Miller says she's resigning from show

    Abby Lee Miller says she's resigning from show

    Do you think Burke is a quality replacement? According to Radar Online , Miller has been in and out of filming all season. She's taken time off of the show recently, though did return in season 23 to partner with Olympic swimmer Ryan Lochte.
  • American Airlines pilot dies on flight minutes before landing in New Mexico

    American Airlines pilot dies on flight minutes before landing in New Mexico

    Mr Grubbs, who was based in Dallas, was a Boeing 737 pilot who joined American in 2010 from Envoy, Parker said. An American Airlines co-pilot died after having a medical episode just before landing in Albuquerque.

    Embassy: Brazil meat in Malaysia free from rotten meat scandal

    Other Brazilian meat factories not placed under surveillance by government authorities are still able to export meat to Europe. Lins said that only 33 out of 11,000 employees (including inspectors) at the Agriculture Ministry were being investigated.

    BCCI Seeks Permission From Government For This Year's India-Pakistan Series

    Thakur, who is a MP in the ruling Bharatiya Janata Party, had said that "there was no question of playing cricket with Pakistan". Earlier, in 2016, BCCI had reportedly rejected the United Arab Emirates as a venue for the two teams' bilateral series.


Most liked

Ford to invest $1.2-billion in Canada, create Ottawa R&D centre
In its budget, Ottawa is proposing to integrate them into a new Strategic Innovation Fund with $ 1.26 billion over five years. Ford has said it expected to have a self-driving taxi available by 2021.

Lippi leads China over SKorea 1-0 in World Cup qualifier
Ahmed Yaseen then gave Iraq an equalizer from close-range with 14 minutes remaining. Saudi Arabia leads Group B with 13 points, while Thailand is last with one.

Moderates hold key to California road repair tax plan
Brown and the leaders announced the deal Wednesday in Sacramento, setting off a political struggle to pass it in the Legislature. The plan also includes a sliding fee on vehicles, with owners of cheaper vehicles paying less.

The Last City Has Fallen in First Destiny 2 Teaser
With today being the last update to the now 3-year old Destiny you would think that you would have to wonder what's next. That said, one thing about Destiny 2 won't be changing - PlayStation 4 owners will still get all the best goodies.

Environmental groups vowing to fight Trump climate actions
To put the miners "back to work", the President announced, he was lifting the moratorium on coal leases on federal lands. The plan was Obama's primary tool to meet the country's emissions reductions goals under the 2015 Paris climate accord.

Leading military alliance could make Raheel a controversial figure: Baloch
Asif had informed the Senate that the former Army chief had not sought an NOC to lead a Saudi-led military alliance. However, advisory council of member countries will meet in May to discuss and finalize the alliance's future.

Strikes to hit French Guiana as tensions paralyze territory
Candidates in the race for France's presidency have urged aid or intervention in French Guiana amid pressure from overseas voters. The French government has sent an emergency mission to try to quell tensions in the territory of a quarter-million people.

Feuds and fault-lines loom in UK-EU showdown over Brexit
Now, as a result, the Prime Minister has announced the two-year process for our withdrawal will now begin. We have been civilised, and welcome, members of the communities in which we live.

Massachusetts gas prices inch up a penny per gallon
Get ready to dig deeper to go down the shore this summer. "This feat has been accomplished for several reasons", DeHaan said. In the past, the organization has monitored individual stations at times when the average price was low, DeHaan said.

Thousands gather at United Nations to oppose BDS
Speaking on Monday, Haley said she would bring that same approach to the United Nations . The U.S. now funds around 22 percent of the U.N.'s overall regular budget.

Woman strikes Capitol Police cruiser, taken into custody
They ordered her to stop, but the driver made a U-turn and fled, hitting a police cruiser in the process, Malecki said. Capitol Police sent out an email alert about the incident, asking Hill staffers to stay clear of the area.

Indian police set up security after mob attack on Africans
An angry mob attacked African students in Greater Noida near New Delhi was all over the news in the past couple of days. Armed police officials have been deployed at localities inhabited by Nigerian students following the ugly incident.

DNC chair asks for staff resignations as overhaul begins
The new hires to replace outgoing staff are being guided by a Transition Advisory Committee consisting of about 30 members. DNC employees anticipated Perez's request, CNN reports, and similar requests have been made in previous chair transitions.

Analyst Consideration on: General Motors Company (GM)
The auto manufacturer reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by $0.01. Dimensional Fund Advisors LP increased its position in shares of General Motors Company by 1.3% in the fourth quarter.

Girls Badly Burned By The Viral Homemade Slime Experiment Reveals Hidden Dangers
This week, an expert at Consumer Reports warned parents to be cautious while handling Borax. "I feel like the worst mother". That's what may have been the case with Kathleen, who was woken in the middle of the night by a sudden pain in her hands.