Established by Fathi Ibrahim Bayoud 2005 - Homs

Trump may seek separate trade deals with Canada, Mexico

Business | 2018-06-05 20:30:00
Trump may seek separate trade deals with Canada, Mexico
U.S. President Donald Trump may seek separate talks with Canada and Mexico in a bid to get individual trade deals with the two countries, White House economic adviser Larry Kudlow said on Tuesday.

"He is very seriously contemplating kind of a shift in the NAFTA negotiations. His preference now, and he asked me to convey this, is to actually negotiate with Mexico and Canada separately," Kudlow said in an interview with Fox News.

"He may be moving quickly towards these bilateral discussions instead of as a whole."

The United States, Canada and Mexico have been in months of negotiations to rework the North American Free Trade Agreement, which Trump has long criticized as having harmed the United States economically.

In Ottawa, a Canadian official indicated there would be no change in the government's approach.

"NAFTA is a trilateral agreement and we continue to negotiate that trilateral agreement," the official said, who declined to be identified given the sensitivity of the situation.

The United States has mused before about separate deals, including when Prime Minister Justin Trudeau held talks with Trump in Washington last October, the official added.

On Friday, Trump said he might prefer to end NAFTA in favor of separate bilateral agreements with the two U.S. neighbors.

Kudlow said the U.S. president was moving toward that scenario.

"He prefers bilateral negotiations and he's looking at two much different countries," he said. "Canada's a different country than Mexico. They have different problems.

"He believes that bilaterals have always been better. He hates these multilaterals ... he hates large treaties."

Such a move toward separate talks would come at a tense time in U.S. trade relations with the two countries. The Trump administration said on Thursday it was moving ahead with tariffs on aluminum and steel imports from Canada, Mexico and the European Union, ending a two-month exemption and setting the stage for a possible trade war.

Trudeau called the tariffs an affront to the longstanding security partnership between Canada and the United States, and Canada announced retaliatory steps.

In a television appearance on Sunday, Kudlow called the trade frictions a "family quarrel."

Reuters
Comments (0)

Post Your Comments

fill all fields below
*This confirmation code will prevent auto submit
X :Latest News
Four people killed in terrorist attack in France: Interior Minister      Khashoggi, jailed journalists named Time's 'Person of the Year'      Medellin tourist trail pays tribute to Escobar victims      Egypt threatens Apple with legal action under competition law      Iraqi jets target Daesh meeting dens in Syria      France counts costs of protests, new measures: $11B      Israel: 3rd Hezbollah tunnel found on Lebanon border      250,000 Syrian refugees could return home next year: UNHCR