USA and Canada agree free trade deal


An announcement was "imminent" as of Sunday night, with just hours to go before the US -imposed midnight deadline, the official said.

As reported by Bloomberg, unnamed sources close to the talks reveal that the USA is "confident" that a deal will be reached between Canada, Mexico, and the United States before a US-imposed deadline of midnight Sunday.

"Everybody's negotiating in good faith right now as we speak", Navarro said on Fox News just before 11 a.m.

In this June 8, 2018, photo, Canada's Prime Minister Justin Trudeau meets with U.S. President Donald Trump at the G7 leaders summit in La Malbaie, Quebec.

Negotiators - still apart on matters such as dispute resolution and a USA demand for more access to Canada's dairy markets - are also tackling the matter of American tariffs.

Canada and the U.S. have reached a last-minute free trade deal to revamp the long-standing NAFTA pact between the two countries and Mexico.

It replaces the 24-year-old North American Free Trade Agreement, which President Donald Trump had called a job-killing disaster. The president said he had rejected a meeting with Trudeau because of Canada's high tariffs, though Trudeau's office said no meeting had ever been requested.

Trump announced that the USA would impose a 25% tariff on imports of Canadian steel and a 10% tariff on aluminum in June, which in turn prompted Canada to respond with retaliatory tariffs on a slew of United States products in July. "It makes no sense to me to repeat that with a new NAFTA". Trudeau said he would have more to say Monday.

Earlier in the evening, President Donald Trump was briefed on the almost finalized negotiations by U.S. Ambassador Robert Lighthizer and White House adviser Jared Kushner.

Kevin Systrom and Mike Krieger Are Leaving Instagram
FILE PHOTO: Instagram founders Mike Krieger (L) and Kevin Systrom attend the 16th annual Webby Awards in New York May, 21 2012. But eventually, they became frustrated with Zuckerberg's increased daily involvement with Instagram, according to the Times.

It also appears to preserve the key dispute-resolution provisions - Chapter 19 - which allow for independent panels to resolve disputes involving companies and governments, as well as Chapter 20, the government-to-government dispute settlement mechanism.

"We fail to see how this deal can be good for the 220,000 Canadian families that depend on dairy for their livelihood".

The Trump administration set Sunday as a deadline for Canada to strike a deal. "Lots of progress but we're not there yet", MacNaughton told reporters in Ottawa, where the Canadian team is gathered. That is more than the 2 million units now exported. U.S. officials intend to sign the agreement with Canada and Mexico at the end of November, after which it would be submitted to the U.S. Congress for approval, a senior U.S. official said.

The government "is still having constructive discussions" with US counterparts, and "some" progress has been made, said one insider, speaking on condition of anonymity given the sensitive nature of the talks.

The US Congress is required go through a 60-day review of the draft agreement, which could potentially allow for NAFTA signing around December 1.

Daniel Ujczo, a trade attorney with the Dickinson Wright law firm who has followed the talks closely, said he expects the United States to get more access to the Canadian dairy market. Lawmakers have said they do not expect Congress to vote on the deal until early next year. This news was provided by sources within the Canadian and US governments.

Canada was left out when the US and Mexico reached an agreement last month to revamp the North American Free Trade Agreement.

The United States and Mexico had already reached an agreement on a new NAFTA in late August, and since then negotiators from Ottawa had been in Washington for continuous talks, but as of late last week officials warned time was running out.