Home / Knowledge / News / Textiles / US-Mexico revised trade deal signals jettisoning Canada

US-Mexico revised trade deal signals jettisoning Canada

Aug '18
US-Mexico revised trade deal signals jettisoning Canada
The United States and Mexico have reached an agreement to revise key portions of the North American Free Trade Agreement (NAFTA) and would finalize it within days, US President Donald Trump recently said, suggesting he was ready to leave out Canada if the country delayed getting on board. Canada could face auto tariffs if it did not ‘negotiate fairly’, he said.

Trump announced the agreement from the Oval Office on August 27, with Mexican President Enrique Peña Nieto dialling in on a conference call, leading US newspapers reported.

US Trade Representative Robert Lighthizer said the agreement was ‘absolutely terrific’ and would modernize a trade deal that had ‘gotten seriously out of whack’. He hoped the US Congress would approve it with broad bipartisan support.

The agreement reached with Mexico is reportedly a revised NAFTA, with updates to provisions related to digital economy, automobiles, agriculture and labour unions. The core of the trade pact, which allows US firms to operate in Mexico and Canada without tariffs, stays intact.

Several US lawmakers, however, expressed concerns saying it may not be legally permissible to turn a trilateral pact into a bilateral one. Mexican officials want to have Canada back in the process. “It is our wish, Mr. President, that now Canada will also be able to be incorporated in all this,” President Nieto said.

But later in the day, Mexican foreign minister Luis Videgaray Caso signalled that Mexico might be willing to move forward without Canada.

President and chief executive officer of the National Retail Federation (NRF) Matthew Shay said threatening to pull out of the existing agreement is not an encouraging sign as NAFTA supports millions of US jobs and provides hardworking American families access to more products at lower prices.

“To preserve these benefits and protect complex, sophisticated and efficient supply chains, the administration must bring Canada, an essential trading partner, back to the bargaining table and deliver a trilateral deal,” Shay added. (DS)

Fibre2Fashion News Desk – India

Must ReadView All

Government notifies 207 HSN Codes as technical textiles

Textiles | On 19th Jan 2019

Government notifies 207 HSN Codes as technical textiles

The government of India has notified 207 HSN Codes as technical...

Two US senators introduce Cambodian Trade Act of 2019 bill

Apparel/Garments | On 19th Jan 2019

Two US senators introduce Cambodian Trade Act of 2019 bill

Two US senators recently introduced the Cambodian Trade Act of 2019...

Rwanda to open silk factory in Kigali in Feb

Textiles | On 19th Jan 2019

Rwanda to open silk factory in Kigali in Feb

Rwanda will open a new silk factory in February at the Kigali Special ...

Interviews View All

Mandeep Nagi, Shades of India

Mandeep Nagi
Shades of India

Women value something that is unique and has a flavour of India

Subhashini Srinivasan, The S Studio

Subhashini Srinivasan
The S Studio

Ethnicwear market will see an upward trend if uniqueness and quality are...

Anavila Misra, Anavila Collection

Anavila Misra
Anavila Collection

Fashion shows are also encouraging and highlighting sustainable fashion

John Kelley,

John Kelley

Textile Events is one of the largest textile fair in the United Kingdom,...

Sarah Perkins,

Sarah Perkins

Fairfax, Virginia-based Specialty Graphic Imaging Association (SGIA) is a...

Karan Behal,

Karan Behal

Karan Behal, founder and chief executive of top-selling brand...

Larry L Kinn, Suominen Corporation

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Dave Rousse, INDA

Dave Rousse

INDA, the Association of the Nonwoven Fabrics Industry, serves hundreds of ...

Ashok Desai, Bombay Textile Research Association

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Nisha Chanda, Whistling Woods International School of Fashion

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

Sandeep and Sarah Shaikh Gonsalves, SS Homme

Sandeep and Sarah Shaikh Gonsalves
SS Homme

SS Homme celebrates the craft of traditional tailoring through the bespoke ...

Yash P. Kotak, Bombay Hemp Company

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


Leave your Comments

January 2019

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category

Related Categories:

Advanced Search