Is Trump's rewrite of NAFTA hurting a partnership?

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Trump has notified Congress that he intends to sign a trade deal reached last week with Mexico by the end of November and officials said the text would be published by around October 1.

Sources said both sides want a deal, but cautioned there remain disagreements on key issues, including dairy, culture and the Chapter 19 dispute resolution mechanism. I want to make sure we continue to get trade.

The president has threatened to move ahead on a deal with Mexico, and without Canada.

The loonie had been pressured by the prospect of an escalation in a trade dispute between the United States and China, with U.S. President Donald Trump gearing up to impose tariffs on $200 billion in Chinese goods and Beijing certain to retaliate against any measures. The president condemned the release of what he said had been part of off-the-record comments to Bloomberg, but he then tweeted, "At least Canada knows where I stand!"

The prime minister also said his government won't sign an updated free trade accord with the US and Mexico if the deal doesn't continue exemptions for Canada's cultural industries, which aims to protect Canada's publishing and broadcast industries.

"We have also been negotiating with Canada throughout this year-long process".

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Trudeau's Foreign Minister, Crystia Freeland remains in Washington D.C. attempting to negotiate a deal for Canada which will not be helped by the Canadian Prime Minister suddenly deciding to adopt a tough stance with little bargaining power.

Trump is under pressure from Republicans to preserve NAFTA as a deal among all three North American countries, but the president showed signs of chafing at the pressure from Congress.

National Post: "From cars to medicine, uncertainty of NAFTA deal means consumers lose out, experts say" - "Under nearly any normal circumstance, the negotiation of a trade pact between countries should result in benefits for consumers, say experts who are closely watching the North American free trade talks unfold in Washington".

"There are a number of things we absolutely must see in a renegotiated NAFTA", he told reporters in the Pacific province of British Columbia.

The terms as spelled out in the draft deal "would turn North America from a quasi-permanent free-trade area into a quasi-temporary free-trade area", says Stan Veuger, a resident scholar in political economy at the American Enterprise Institute in Washington.

The Miami Herald wanted to find out, and asked the governor for his opinion on the new trade agreement Saturday during a Scott visit to Doral, where a slew of Puerto Rican officials, including former Gov. Luis Fortuño, were gathered to endorse his candidacy for the U.S. Senate against Nelson.

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He called NAFTA "a very stupid deal".

Warner said Ottawa could be trying to stress that it's defending a popular issue with Canadians - particularly in Quebec - because it will have to eventually make concessions elsewhere if it hopes to strike a deal. "But they and other countries have been taking advantage of the United States for many years".

Trump sounded a more upbeat note earlier, and said he expected to know whether a deal could be struck to include Canada in the next few days.

Trudeau has deemed the cultural exemptions a red line and something that must be included in any new agreement.

Get the Monitor stories you care about delivered to your inbox. "So ensuring that we continue to control our news, our broadcasts, our airwaves and our media is really - keeping it in Canada and independent - is something that's really important to us".

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