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Trump warns trading partners, may withdraw military shield

05
Sep '18
Trump warns trading partners, may withdraw military shield
President Donald Trump has notified the US Congress 'of his intent to sign a trade agreement with Mexico and Canada, if it is willing' 90 days from now, according to US Trade Representative (USTR) Robert Linghthizer. He has reportedly threatened to withdraw ‘free military protection’ if Canada, the European Union (EU) and other trading members don’t accept US demands.

Talks between the United States and Canada for revamping the North American Free Trade Agreement (NAFTA), which includes Mexico, failed recently.

The US and Mexico reached a comprehensive deal on August 27. After securing the agreement with Mexico on its terms, the United States pressured Canada, which, however, found it tough to agree to many US demands, according to global news wires.

The United States expected Canada to dismantle its dairy board, remove ‘cultural protection’ for Canada’s print and broadcasting sectors, scrap the dispute settlement mechanism for resolving trade and investment disputes and implement stringent norms for patent protection for biologics and other new medicines. Canada will hold another round of talks on September 5.

“There is no political necessity to keep Canada in the new NAFTA deal, if we don’t to make a fair deal for the US after decades of abuse. Canada will be out. Congress should not interfere with these negotiations or I will simply terminate NAFTA and we will be better off,” President Trump tweeted recently.

“We shouldn’t have to buy our friends with bad trade deals and free military protection,” he tweeted on September 2. (DS)

Fibre2Fashion News Desk – India


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