Tag: NAFTA

Donald Trump thanks Mexican President for migration accord

"I would like to thank the President of Mexico, Andres Manuel Lopez Obrador, and his Foreign Minister, Marcelo Ebrard, together with all of the many representatives of both the US and Mexico, for working so long and hard to get our agreement on immigration completed!" Trump wrote on Twitter,

June 9, 2019

A waiver to woo~I

It is not loan waivers but their consequences that are of real concern. They do help some farmers, but only in the short term. They invariably fall back to debt soon again, because the waivers do nothing to address the deep-rooted structural problems of agriculture in India which cause such indebtedness in the first place.

December 27, 2018

Latter-day Silk Route~II

If India were to stay out, the BRI will inevitably be a uniquely Chinese project…of, by and for China. It is imperative, both for India's national interest and the time-honoured concept of 'balance of power', that an initiative with such massive potential as the BRI is not allowed to be dictated by one country.

December 11, 2018

Identity and Neoliberalism

Mark Lilla in his The Once and Future Liberal (2017) raises two fundamental questions relating to liberalism ~ a) the basic policies that benefit citizens and how these can be executed; and (b) what are the factors that unite rather than differentiate citizens. In this context, he mentions the black movement in the USA, an …

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October 5, 2018

China’s growth dirties partners’ air quality

There are many reasons behind these troubling trends, but one looms especially large: China’s booming economy

September 3, 2018

Trump says NAFTA must wait for US congressional polls

US President Donald Trump has said he would prefer to wait until after the November mid-term congressional elections before signing an updated NAFTA.

July 2, 2018

Trump, Trudeau discuss Russian diplomats’ expulsion, Nafta

Canadian Prime Minister Justin Trudeau and US President Donald Trump have discussed the current expulsion of Russian diplomats and the North American Free Trade Agreement (Nafta) during a phone call, the Canadian Prime Minister’s Office said on Tuesday. In their conversation on Monday, the two leaders discussed measures taken by Canada and the US to …

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March 27, 2018

Trump announces steel tariffs amid mounting global dissent

The US President Donald Trump on Thursday formally signed proclamations to impose steep tariffs on imported steel and aluminium amid mounting dissent from business groups and trading partners around the world. The US will impose a 25 per cent tariff on imported steel and 10 per cent on aluminum, Xinhua quoted Trump as saying. He …

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March 9, 2018

Trump administration open to tariff exemptions: Ross

US Commerce Secretary Wilbur Ross opened the door on Wednesday to possible exemptions for other countries on the steel and aluminum tariffs announced by President Donald Trump, who had previously said Mexico and Canada could be exempt if a “new” North American Free Trade Agreement (Nafta) was signed. “The President indicated the other day that …

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March 8, 2018

Trump slaps tariffs on imported washing machines, solar panels

US President Donald Trump has imposed steep tariffs on imported washing machines and solar panels, the first major step by his administration to protect manufacturers in the country. The announcement on Monday came after a year of tough rhetoric — but little action — on curbing imports of cheap products from countries like China and South Korea. …

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January 23, 2018

NAFTA uncertainty to slow Mexican economy in 2018: IMF

The uncertainty over the North American Free Trade Agreement (NAFTA) will slow Mexico’s economic growth rate to 1.9 per cent in 2018, the International Monetary Fund (IMF) said in a report. The growth rate will see a slight slowdown next year before an eventual resolution of the trade agreement allows the economy to pick up …

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November 14, 2017

Contentious world trade

Even after 16 years of hard negotiations at the World Trade Organisation ( WTO) on reforming agriculture and other tariff-barriers set in 2001 under the Doha Development Agenda (DDA), developing countries appeared to be fighting a losing battle at the 11th ministerial. WTO negotiators met on September 13-15 to formalise the agenda for the trade …

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October 15, 2017

Trudeau defends NAFTA, calls for labour improvements

Canada Prime Minister Justin Trudeau has defended the North American Free Trade Agreement (NAFTA) and called for changes to the deal that ensure workers across the region enjoy better labour standards and compensation. “Our challenge lies in ensuring that everyone benefits from economic growth. And we do that by pursuing an ambitious vision of what …

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October 14, 2017

Mexico, Canada, US hold third round of NAFTA talks

Representatives from Mexico, Canada and the US began the third round of the North American Free Trade Agreement (NAFTA) talks here. Canadian chief negotiator Steve Verhuel on Saturday said he did not expect this round to see any new US proposal to increase American content requirements for autos, reports Xinhua news agency. Rules of origin …

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September 24, 2017

Will defend dignity in ties with US: Mexico President Pena Nieto

Mexico will not accept any condition that are damaging to its dignity, Mexican President Enrique Pena Nieto said in an oblique reference to the US. During his fifth state of the nation address, the first since Donald Trump was inaugurated as the US president, Pena Nieto spoke of his country’s newly tense ties with Washington, …

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September 3, 2017

First round of NAFTA talks concludes

Negotiators from the US, Canada and Mexico have concluded the first round of the North American Free Trade Association (NAFTA) talks here to redo the three-nation trade pact, the media reported. Representatives from the three countries said on Sunday that negotiations will continue at a “rapid pace”, adding that “a great deal of effort and …

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August 21, 2017

NAFTA won’t solve Mexico’s slow growth: Moody’s

Mexico's economy has structural flaws that will not be resolved with the upcoming renegotiation of the North American Free Trade Agreement (NAFTA), credit rating agency Moody's has announced. Mexico has for years relied on its poorly-paid work force to compete with other economies, and that is part of what is holding the country back, the …

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August 10, 2017