World News

Mexico readies for worst as 4th round of NAFTA talks open

Mexico readies for worst as 4th round of NAFTA talks open

"If the agreement dies overnight, this is going to have an impact on the daily lives of a lot of people, because all of a sudden there's going to be a scarcity of nearly everything that we consume in Mexico-especially on foodstuffs", says the former office head for S&P's Global Ratings in Mexico City. "So we'll see what happens with NAFTA", Trump said, adding that it "has to be fair to both countries".

President Donald Trump's trade negotiators entered the latest round of NAFTA talks Wednesday under growing pressure inside their own country to step back from a confrontational stance that's left the USA isolated at the negotiating table.

The figure is dwarfed by their trade with the USA: more than $480 billion a year ago for Mexico and more than $540 billion for Canada.

Andres Rozental, a former Mexican deputy foreign minister involved in the original NAFTA talks, said Ottawa had assumed traditionally close ties with the United States would insulate them from problems with NAFTA.

His primary goal was to protect United States workers, Trump said, noting Trudeau would also seek to protect Canadians. The National Automobile Dealers Association said it was concerned about any changes that would make cars costlier.

One of the most contentious USA proposals is around so-called rules of origin for vehicles, which govern what share of a auto must be built within NAFTA countries to receive the pact's benefits.

Almost 9 million jobs in the US depend on trade and investment with Canada, and approximately 400,000 people cross the U.S. Representatives of the auto industry warned some of the USA demands could raise prices for vehicles. Just four percent of food items in the U.K. originated from North America, and 54 percent of food consumed in the U.K., originated in the U.K. Mexico could leave NAFTA and have the strength to move on without any serious long-term structural damage to the economy, he said.

More news: Deer meat sandwiches return to Arby's locations nationwide
More news: Investors Sell Shares of Wells Fargo & Company (WFC) on Strength
More news: NBC News chief defends network's handling of Weinstein story

Rules of origin will be discussed by negotiators today, Sunday and Monday, according to an agenda obtained by Bloomberg.

The trade negotiations this week in Washington have gotten off to a rocky start, with the U.S. Chamber of Commerce warning that the Trump administration might be sabotaging the talks with unrealistic proposals. The negotiations were extended on Wednesday by two days to Oct 17.

"If the required content to hit the threshold for a NAFTA vehicle is too high, people may say, 'Look, it's just too hard, it's too high, so we'll just ship the vehicles in, '" Magna International Inc.

While better than a bad deal, Vogel said the failure of NAFTA would be a "lose-lose" situation, and that U.S. -Mexico trade without it could lead to a U.S. trade deficit larger than the current $64 billion.

Despite their common ground, however, Canada and Mexico are also at odds on some key issues. American Express, AT&T, GM and Delta were listed on publicity material for an event hosted by the U.S. Chamber of Commerce in Mexico on Tuesday, where Donohue warned that several U.S. proposals in the NAFTA talks were "poison pills" that risked dooming the agreement.

He said content rules for auto parts were still negotiable, despite shock in Mexico at suggestions half of all parts in cars should be made in the United States.


  • Packers' Jordy Nelson adopts baby before Cowboys game

    Packers' Jordy Nelson adopts baby before Cowboys game

    And so I'm not going to have a situation with the flag where there is a debate about whether we're respecting that or not. In a statement, Pence said he will not dignify an event that disrespects the military and the US.
    European Union  stops natural gas sales to North Korea

    European Union stops natural gas sales to North Korea

    He might also have put into all caps: "NO REASON FOR ALARM" and other language to the effect of "Don't take this the wrong way". Daniel Meisenzahl sent the email, and told The Washington Post he regretted the subject heading straightaway.
    Huge energy potential in open ocean wind farms: research

    Huge energy potential in open ocean wind farms: research

    However, it would enable people to access substantial amounts of energy and more effectively than onshore wind turbines . It highlights the considerable opportunity for generating wind power in the open ocean, particularly the North Atlantic.
  • Do the Stock Experienced Heavy Trading?: United Continental Holdings, Inc. (NYSE: UAL)

    Among 28 analysts covering Juniper Networks Inc. (NYSE: UAL ) stock was -2.29% off of the high and 18.10% removed from the low. Chicago Equity Ltd reported 76,940 shares. $754,968 worth of Juniper Networks, Inc. $137,910 worth of Juniper Networks, Inc.
    Dolphins hire DeGuglielmo as new O-line coach

    Dolphins hire DeGuglielmo as new O-line coach

    Njie said she has received death threats but most of the feedback she's gotten has been positive. "He was in his Miami office". Foerster has not had any comment since his initial statement announcing his resignation, which was released by the Dolphins.
    Ophelia strengthens some far out in Atlantic

    Ophelia strengthens some far out in Atlantic

    The 10th hurricane of the 2017 hurricane season has formed in the Atlantic ocean, although at present, it poses no threat to land. This season has already been above average in all three categories, named storms, hurricanes and major hurricanes.
  • Meet the world's first PS4 controller-operated Nissan GT-R

    Meet the world's first PS4 controller-operated Nissan GT-R

    On his fastest lap that lasted one minute 17.47 seconds, the vehicle reached 131 miles per hour and averaged 76 miles per hour . The GT-R /C is fitted with four robots that operate the steering, transmission, brakes and throttle.
    US Rep. Al Green, Houston Democrat, unveils articles of impeachment against Trump

    US Rep. Al Green, Houston Democrat, unveils articles of impeachment against Trump

    Green postponed introducing the articles of impeachment following the Las Vegas concert shooting. "Members don't want this vote". With Republicans in full control of Congress, there is no prospect in the near term that the president might be impeached.
    Chicago Rethinks Soda Tax

    Chicago Rethinks Soda Tax

    In the latest poll, about 79 percent said they would not support a commissioner for re-election should they support the tax. As for how she misread pop tax opposition so badly, she said, "We're in a very hard time in this country politically".
  • Feds grant ME  relief as state moves to comply with Real ID

    Feds grant ME relief as state moves to comply with Real ID

    Paul LePage signed a bill in April that requires the state to comply with the Real ID Act . According to PennDOT, 27 jurisdictions have requested extensions during the latest round.
    Tom Brady dealing with injury to non-throwing shoulder

    Tom Brady dealing with injury to non-throwing shoulder

    Brady sat out Tuesday's practice, giving his injured left shoulder a fifth day of rest after last Thursday's win over Tampa Bay. New England Patriots quarterback Tom Brady missed practice Tuesday, but is expected to be fine Sunday to face the Jets .
    First Indigenous Peoples Day offers peek into the future

    First Indigenous Peoples Day offers peek into the future

    The cultural shift has caused controversy in some places, much like the recent movement to tear down Confederate statues. Columbus Day is still a federal holiday. "What an incredible, incredible state that we all live in", Walker said Monday.