Trump Calls On Canada, Mexico Not To Manipulate Their Currency

18 July, 2017, 07:21 | Author: Leticia Walters
  • Prime Minister Justin Trudeau meets U.S. President Donald Trump last weekend at the G20 summit in Hamburg Germany. Trudeau's government has been working hard to persuade the Trump administration of NAFTA's value

In a statement, the Mexican economy ministry said it expected talks between the United States, Mexico and Canada on renegotiating the North American Free Trade Agreement (NAFTA) to be able to get under way from August 16. "This includes the elimination of unfair subsidies, market-distorting practices by state owned enterprises, and burdensome restrictions of intellectual property", the USTR said in the document posted on Monday.

The Trump administration on Monday released its wish list for NAFTA negotiations, taking the latest step in what is likely to be a long process of reevaluating the almost 25-year-old trade deal. Doing so is a chief goal of President Donald Trump, who routinely said during the campaign that American workers are harmed by foreign trade deals. The United States will seek to balance trade deficits and add items on a "digital economy" and labor and environmental obligations when renegotiations of the deal commence next month.

In a highly anticipated document sent to lawmakers, U.S. Trade Representative Robert Lighthizer said he would seek to reduce the trade imbalance by improving access for U.S. goods exported to Canada and Mexico under the three-nation pact.

They point to sectors like autos, where U.S. inputs make up some 40 percent of the value of products imported into the United States from Mexico, while Chinese exports contain only 4 percent, according to the U.S. Center for Automotive Research.

Some of the provisions from the Trans-Pacific Partnership, which Trump scrapped, have been resurfaced in the United States' NAFTA revisions.

USTR released the NAFTA negotiating objectives as required prior to the start of the talks, which will be held under a pressing political timeline due to elections next year in the U.S. and Mexico.

At the direction of US President Donald Trump, Lighthizer on May 18 notified Congress of the administration's intent to begin renegotiating NAFTA.

Trump's bark has largely been harsher than his bite on NAFTA since his inauguration, and concerns that he will take radical action on the agreement have waned, at least temporarily. The duties were less aggressive than expected. On Monday, Mr Trump was photographed seated in a red fire truck, as part of his administration's "Made In America" week showcasing American-made fire trucks, baseball bats and cowboy hats among other products.

"As the administration looks to highlight American-made products this week, there is no better way to do so than by charting a path to economic advancement for America's farmers, ranchers and foresters", Conaway stated in a prepared press release. His companies and his daughter's, which manufacture their products overseas, were not invited.


  • Porn Sites to Conduct Compulsory ID Checks in UK By April 2018

    Porn Sites to Conduct Compulsory ID Checks in UK By April 2018

    It is understood porn site users will have to provide details from their credit card, which can not be legally issued to anyone under 18.
    RuneScape Will Release on Mobile With Cross-Play Support With PC

    RuneScape Will Release on Mobile With Cross-Play Support With PC

    According to Jagex , the mobile version of RuneScape will be the same game "you know and love", optimized for phones and tablets. RuneScape might be old enough to drive, but it still has an active community, with thousands of players streaming on Twitch .
    This Could Be The iPhone 8 Final Design

    This Could Be The iPhone 8 Final Design

    Kind of like the iPhone 4 , but bigger, a lot less chunky and no more Home button taking up space on the front. However, according to Huberty, the possibility of iPhone 8 delays won't decrease the demand for the new phone.
  • Wind gusts of up to 70 km/hour expected in some wildfire zones

    Wind gusts of up to 70 km/hour expected in some wildfire zones

    Fire crews responded to the fire and there is no increased risk to nearby properties at this time. Many people were displaced and have been staying at evacuation centres in Kamloops.
    Iran still a nuke threat

    Iran still a nuke threat

    The US agreed to remove economic sanctions in return for limiting Iran's nuclear enrichment stockpile. Trump had faced a congressionally mandated deadline of Monday to decide.
    ACC preseason poll: Florida State No. 1, Clemson No. 2

    ACC preseason poll: Florida State No. 1, Clemson No. 2

    When the ACC first conceived of a football championship game, the game was awarded to Jacksonville for a variety of reasons. The Cardinals were also slotted to finish third in the Atlantic Division behind both the Seminoles and Tigers.
  • Enable Midstream Partners, LP (NYSE:ENBL) QI Value Update on the Stock

    State Board Of Administration Of Florida Retirement Sys holds 0% in Marriott Vacations Worldwide Corp (NYSE:VAC) or 10,844 shares. The Firm is formed to grow a portfolio of natural gas terminaling, processing, storage, transportation and related assets.
    CBO delays scoring of GOP health care bill in yet another setback

    CBO delays scoring of GOP health care bill in yet another setback

    Chris Karpowitz, co-director of BYU's Center for the Study of Elections and Democracy, said Lee is in a tough position. The Senate Budget Office said the report would be postponed, but it did not give an explanation for the delay.
    LeT 'terrorist' deported from UAE arrested in Mumbai

    LeT 'terrorist' deported from UAE arrested in Mumbai

    Personnel from Anti-Terrorism Squads of Maharashtra and Uttar Pradesh were at the airport when Salim landed, the official said. Khan has been on the run ever since and had managed to hoodwink security agencies.
  • Market Review: Indicator Watch For Horizons Enhanced Income US Equity ETF USD

    Market Review: Indicator Watch For Horizons Enhanced Income US Equity ETF USD

    The Average Directional Index or ADX is technical analysis indicator used to describe if a market is trending or not trending. Many investors may find out the hard way that shortcuts are not the answer to achieving long-term success in the stock market.
    LaVar Ball Explains Lonzo's Sneaker Choices

    LaVar Ball Explains Lonzo's Sneaker Choices

    Lonzo Ball is "making a statement to the brands" by wearing a different shoe each Summer League game, according to his father. Industry sources said the traditional companies have offered Lonzo Ball deals in the range of $1.5 million per year.
    Federer, Muguruza attend Wimbledon Champions Ball

    Federer, Muguruza attend Wimbledon Champions Ball

    Federer's latest victory pushed up to No.3 behind Andy Murray and Nadal. I've played nearly every player here that wouldn't serve and volley.


Gas prices lower again in Las Vegas
In Florida, gas prices averaged $2.13 on Sunday, a half cent lower than last week and three 3 cents less than a year ago . DeHaan said a special meeting OPEC has scheduled for July 27 will be watched for any policy or production changes.

Oil prices rise on slower United States output growth, strong Chinese demand
Key technical indicators are bullish, however, with prices rising above the short-term 50-day moving averages, traders said. Indeed, the OPEC has warned of a likely surplus of production in 2018 although being at a high level already.

Risky chemicals detected in macaroni and cheese powder
The report which is available online says that "Cheese powder generally had higher levels of phthalate than cheese slices". According to the National Toxicology Program, the phthalate DEHP is likely to cause cancer, based on evidence in mice.

Dumbo Live Action Remake Cast, Release Date Revealed
If you saw Miss Peregrine's Home for Peculiar Children , then you will recognize some of the aesthetical similarities. And now the live-action version of the Disney classic Dumbo has just started filming, according to the studio.

It's Gopal Krishna Gandhi Vs Venkaiah Naidu in Vice Presidential Polls
The polls are expected to be held on August 5th and BJP is said to sail safe joining hands with all the leading regional parties. According to informed party sources, Naidu's name has nearly been finalised as candidate for the Vice President's post.