NAFTA Re-Negotiations Begin in Canadian Lumber (& Milk)
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Listen closely to Wilbur Ross’s comments about the 20% tariff the US applied to Canadian lumber coming into the US. He points to the fact that if NAFTA was performing the way it was supposed to, the milk issue (and the lumber issue) would not be happening. He further said in answer to a questions, that “every thing relates to everything when you are trying to negotiate“.
CNN comments: Trump’s decision to rehash these battles comes just months before he plans to renegotiate NAFTA, the free trade agreement with Canada and Mexico, later this year.
Trade experts say all three sides were already challenged to renegotiate a new deal before the end of the year. Trump’s tariffs on Canada add a twist to the time line for NAFTA talks.
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