New NAFTA Deal this Friday?

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The negotiations between the United States and Canada on a new free trade agreement to be continued this Friday. Meanwhile, President Trump EU rejects proposals for the abolition of car duties.

In the negotiations for a new free trade agreement between the U.S., Canada and Mexico, a breakthrough is imminent, according to the US President Donald Trump. “I think we are on the verge of a Deal,” said Trump in an Interview with the American news Agency Bloomberg on Thursday (local time). On Friday, the since the days of the ongoing NAFTA negotiations, a marathon goes into the decisive round. Whether there will be a clear result, was to be seen. “Canada will eventually make a Deal. This could be on Friday or within a period of time,” said Trump.

“No, we don’t have a Deal,” said the canadian foreign Minister, Chrystia Freeland on Thursday evening after a Meeting with the US trade Robert Lighthizer representative in Washington. The talks would continue on Friday morning (local time). The Prime Minister of Canada Justin Trudeau had previously made an agreement by Friday.

Still some sticking points

Canada is under pressure because the US and Mexico had already agreed on a preliminary agreement on a bilateral basis. Trump wants to teach on Friday, a letter with a negotiated outcome at the Congress – a 90-day period begins. For 30 days he has time, Details. In this respect, could be a compromise, that until Friday a preliminary agreement is led and disputed Details within 30 days will be renegotiated.

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One of the points of dispute in which Mexico compromise had prepared were minimum wages in some sectors of the automotive industry. Among the points of contention, the foreclosure of canadian dairy farmers with protection duties. In 1994, closed the North American trade agreement NAFTA is one of the largest free trade agreement in the world. It affects almost 500 million people and covers a territory with an economic output of nearly $ 23 trillion (19,79 trillion euros).

Trump rejects EU proposals to car duties

The EU is one of duties in support of the U.S. President Donald Trump with your offer of a mutual abolition of the Car. The offer by EU trade Commissioner Cecilia Malmström was “good enough,” said Trump in an Interview with the US news Agency Bloomberg, which was released on Thursday. “The EU is almost as bad as China, just smaller,” said Trump, and again, its already a few weeks ago-chosen words repeated in the trade dispute with Europe. The EU Commission has proposed to the United States, the abolition of all duties on both sides in the context of a trade agreement. The EU was ready “to reduce our tariffs to Zero, if the USA do the same,” said trade Commissioner Cecilia Malmström in Brussels on Thursday. In the conflict with the EU Commission President Jean-Claude Juncker and Trump had agreed in mid-July in Washington, on the abolition of all tariffs on industrial goods, however, with the exception of cars. This exception came to be according to EU figures, at the request of the United States.

EU Commission President Jean-Claude Juncker has threatened US President Donald Trump with the appropriate counter-measures to the EU, if he should now ask for higher car-import duties. The EU leave in its trade policy “by anybody else to come in and talk,” said Juncker on Friday in the ZDF. He was irritated about the fact that Trump is trying the issue of car tariffs. “We have us, Trump and I agreed on a kind of truce,” he said. Such truces were sometimes in danger, but would met.

On the question of what happens if Trump could, and should, impose new duties on car imports from the EU, said Juncker: “it happens that we do that too.”

hb/jj (dpa,rtr,afp)