Donald Trump announced that a trade deal has been reached between the U.S. and Mexico earlier today. The President spoke to reporters announcing the new “United States-Mexico Trade Agreement” alongside outgoing Mexican President Pena Nieto, who was on speakerphone.
Negotiations up to now have not included Canada, but President Donald Trump extended an olive branch to the country inviting Justin Trudeau to the negotiating table.
Canadian Foreign Affairs Minister, Chrystia Freeland, will be travelling from her diplomatic trip in Germany to Washington D.C. tomorrow to continue talks on the scrapped NAFTA agreement.
“We will only sign a new NAFTA that is good for Canada and good for the middle class,” Freeland said.
The President reiterated his disdain for the NAFTA agreement and stressed that it is to be scrapped. Whether Canada will join the agreement reached with Mexico or strike a seperate trade deal is yet to be determined. President Trump is open to either option.
Speaking on ongoing tariffs between U.S and Canada, Donald Trump highlighted the 300% tariffs on dairy imports saying “we’re not gonna stand for that”. If Canada fails to come to common ground on trade, Trump threatened that retaliatory auto tariffs are the other option.
Mexican President Nieto confirmed that he had spoken to Justin Trudeau about the negotiations over the phone and stressed the importance of Canada being included in a trade agreement.
Politicians in Canada have been relatively quiet on the affair, both Andrew Scheer and Jagmeet Singh have yet to comment. However, outspoken supply management critic Maxime Bernier urged the Canadian government to budge on dairy for the sake of trade. Bernier has made recent headlines after splitting off from the Conservative Party of Canada and promising to create a new right wing alternative for the next election.
Negotiators hope to arrive at an agreement by Friday to give Congress enough time to prepare for the trade deals.
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