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NAFTA talks

Canada, US deal saves NAFTA as trilateral pact

OTTAWA/WASHINGTON: The United States and Canada forged a last-gasp deal on Sunday to salvage NAFTA as a trilateral pact with Mexico, rescuing a three-country, $1.2-trillion open-trade zone that had been about to collapse after nearly a quarter century. In a big victory for his agenda to shake-up an era of global free trade that many associate with the signing of NAFTA in 1994, President Donald Trump coerced Canada and Mexico to accept more restrictive commerce with their main export partner. Trump’s primary objective in…

Canada to stick to guns at NAFTA talks despite Trump pressure

OTTAWA: Canada heads into talks in Washington on Wednesday to renew NAFTA determined not to back down on key issues despite threats from U.S. President Donald Trump to retaliate against the Canadian economy unless Ottawa gives ground quickly. Trump, fresh from wrapping up a side deal last week with Mexico, the third member of the North American Free Trade Agreement, has said he is ready to slap auto tariffs on Canada or exclude the country from the pact altogether. The president says the 1994 pact - which underpins…

Trade wrangle with Trump: Mexico threatens to ditch US corn imports

MEXICO CITY: Mexico has identified a potential weapon in its trade wrangle with US President Donald Trump: lucrative yellow cobs of American corn. The Latin American nation imports billions of dollars' worth of the yellow grain from the United States to feed its livestock. But with Trump pushing to shake up the countries' trade ties, Mexico is now threatening to buy from elsewhere. That is worrying corn growers in some of the very same US states that voted heavily in favor of Trump: Iowa, North Dakota, Kansas,…