Mexico really turned up the heat by saying that they would continue on with negotiations without Canada and expect a resolve by Friday. Since then, Trudeau’s ‘big talk’ has become more of a whisper saying that he plans to continue with negotiations “as long as it’s good for Canada”- not quite the kind of harsh and critical responses he’s given in the recent past.
According to CNBC, Canadian Prime Minister Justin Trudeau said on Wednesday that it may be possible to reach a deal on NAFTA ahead of U.S. President Donald Trump’s Friday deadline.
“We recognize that there is a possibility of getting there by Friday, but it is only a possibility because it will hinge on whether or not there is ultimately a good deal for Canada,” he said at a press conference in northern Ontario.
Trump and Trudeau have been engaged in a heated deadlock over NAFTA but ultimately the Prime Minister knows the deal benefits Canada more than the U.S., particularly in the auto industry.
Despite his appearance of ‘saving face’ for the cameras reports of a deal have already begun to spring up.
The tariffs on steel and aluminum imports from the European Union, Canada and Mexico took effect on June 1, and Commerce Secretary Wilbur Ross said on May 31 that arrangements had been made with some countries to have non-tariff limits on their exports of the two metals to the United States.
As Reported By CBC:
Canada has been pressured to sign a deal quickly — one largely concluded without our negotiators at the table for pressing trilateral issues — or face damaging U.S. tariffs on Canadian-made vehicles that could cripple the domestic auto industry.
Asked about the progress of the time-sensitive renegotiation process, Trump said the talks are “doing really well” after the two countries had a late-night meeting at the White House on Tuesday and then continued talks throughout the day Wednesday.
U.S. and Mexico want a deal by Friday to ensure an agreement can be sent to Congress for its mandatory 90-day review. As well, the incoming Mexican administration takes office on Dec. 1.
Mexican officials have said they are prepared to go it alone with the Americans if Canada and the U.S. cannot resolve some lingering irritants.