US President, Donald Trump had immediately after his arrival, all of the multi-national trade agreement the United States out of the question. Now a new free trade agreement with Mexico and Canada seems to be possible.
The United States and Mexico have reached a bilateral agreement on the succession of the North American free trade agreement (NAFTA). US President, Donald Trump spoke of a “really good Deal”. They have a special significance for industry and agriculture. The previous Name NAFTA should disappear, – said Trump.
The agreement with the United States has spurred the Mexican Peso. To put all of the major currencies of the Peso. For a US Dollar last 18,70 Peso had to be paid. In the Morning, it had been 18,87 Peso. In comparison to the Morning, the Dollar fell to the Peso of around a percent. In addition, the courses of Mexican state-backed bonds.
The now possible to slip the end of the agreement in the trade dispute have given the German stock market at the start of the week boost. The Dax rose by 1.16 per cent to 12 538,31 points, the highest level for a good two weeks. Thus, the leading index continued the recovery from last week. The good news from the trade front, led to the Dow Jones Industrial average to the highest level since the beginning of February rise.
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Canada, too, get into the boat
After the successful negotiations with Mexico, Trump does not preclude an agreement with Canada. If Canada wool fair negotiate, he will not close the. It could be a separate agreement, the U.S./Canada, or the inclusion of Canada in the just-agreed-upon agreement between the USA and Mexico. As a next step, he was going to call the canadian Prime Minister.
A senior U.S. government representative said that the canadian foreign Minister was expected shortly for talks in Washington. It is the hope that it could come up Friday with Canada an Agreement was in place.
“This is something very Positive for the United States and for Mexico,” said Mexico’s President Enrique Peña Nieto in a phone call with U.S. President Donald Trump, He wishes that Canada could join as well, and the bilateral problems with the USA could be eliminated..
Check every six years
In the preliminary agreement between Mexico and the USAsei, among other things, the waiver of mutual customs duties on agricultural products have been agreed, informed the office of Lighthizer. In addition, key points for the application of biotechnology in agriculture, particularly genetic engineering – lashed.
Also in the protection of intellectual property, as well as in the liberalisation of the markets for financial services, progress with the previous agreement had been reached. The agreement is intended to apply, according to the White house for 16 years and all six years
be checked.
Triumph for Trump
NAFTA is one of the world’s most extensive commercial contracts and in force since 1994. The agreement sealed the virtually unlimited access to goods and services in the United States, Canada and Mexico. For the Mexican economy, it is of particular importance. Around 80 percent of the country’s exports go to the United States.
Trump had criticized in the past, the USA would be disadvantaged by the Deal. Mexico and Canada, he was threatened several times with a trade war if the since decades existing NAFTA agreement between the three countries will not be negotiated in favor of the United States of America. For about a year, the three countries are now trying to decide on a new agreement.
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Trumps trading poker: chronicle of an escalationAmerica first! Now it’s getting serious
Even before he took office Donald Trump had threatened again and again in order to go to any conflict out of the way when it comes to the enforcement of American interests against the major trading partners of the United States. But it should take more than a year, until he made his announcements into deeds.
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Trumps trading poker: chronicle of an escalationPunitive tariffs on steel – and aluminum-imports
Surrounded by U.S. steel workers Trump, with his signature, on the 8. March 2018, the first exclamation mark in the, as yet, only by words-run trade-conflict: Live from the Oval Office in all the world, the US occupies transmitted to the President of the steel and aluminum imports to the U.S. customs with a Criminal. China is the most affected by the EU and other trading partners will receive a temporary reprieve.
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Trumps trading poker: chronicle of an escalationThe trade conflict Germany
Meanwhile, steel exports from the EU, as here, the steel sheets of the German Salzgitter AG are occupied, with the U.S.-punitive tariffs. The losses for the German export economy are still manageable. That could change, however, if Trump makes his next threat, and Auto-assigned to imports from the EU with punitive tariffs in the amount of 20 percent.
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Trumps trading poker: chronicle of an escalationThreats against a car manufacturer on Twitter
From the beginning, Donald Trump took advantage of the short message service Twitter, to his view of things present, to threaten and to set ultimatums. Even in its Central project – the reorganisation of the commercial relations of the United States with its main partners, China, the EU and the NAFTA countries Canada and Mexico – hardly passes a day without a Twitter broadside from the White house.
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Trumps trading poker: chronicle of an escalationGerman manufacturers have the most to lose
New cars from Mercedes-Benz waiting in Bremerhaven on their shipment Overseas. When the US President threatens to show cars from the EU with a penal duty of 20 per cent, he targets mainly on Daimler and other German car maker. Your sales success in the US, the main wear for Trump to blame for the gigantic trade deficit of the United States.
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Trumps trading poker: chronicle of an escalationNew Deal for the trade with Canada and Mexico
A new regulation for the North American free trade agreement NAFTA with Canada and Mexico from the beginning to trump’s To-Do list. The goal of the US President, a stronger protection of U.S. companies in the competition with neighbouring countries and an end to the relocation of the Production of the car of farmers to cheaper Mexico.
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Trumps trading poker: chronicle of an escalationMexico is in the crosshairs of U.S. trade policy
Not only car manufacturers from the United States in Mexico vehicles for the US market, to build Volkswagen and other car manufacturers have been producing for many decades in the southern neighbouring country of the United States. Under pressure Trumps most recently, companies like Ford have put plans for new plants in Mexico on ice-cream.
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Trumps trading poker: chronicle of an escalationEven Canada is feeling the headwinds from the US
In addition to Mexico, the NAFTA Partner, Canada gets the harder line of the U.S. trade feel policy. In addition to the canadian steel and aluminum, the wood imports from the Northern neighbouring country, especially in the criticism. In April of 2017, imposed punitive tariffs on canadian softwood have driven the prices for own-home builders in the US.
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Trumps trading poker: chronicle of an escalationRetaliation from Beijing
The Chinese government aims with its retaliatory duties on the products of the American food industry. Thus, nuts, fruit and meat from the United States are considerably more expensive – as here in the US-products-specialized supermarket in Hong Kong.
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Trumps trading poker: chronicle of an escalationUS-all-terrain vehicles in the sights of Beijing
Is it the intention of the Chinese government, are vehicles American automobile manufacturers such as the Jeep all-terrain vehicles of the car manufacturer Fiat Chrysler in the future, up to a quarter more cost. In any case, additional import duties to fall in the future, in the amount of 25 percent. New criminal tariff-lists, however, are already in preparation for all those Involved.
dk/rb (afp, dpa, rtr)