NAFTA talks turn tense on day of deadline

Image of daily change for major currencies

"I love Canada. But they've taken advantage of our country for many years". Bloomberg News did not comment about the off-the-record remarks to the Toronto Star.

"I intend to enter into the agreement by the end of November 2018", Trump said. Apprised of what Trump said, the Canadian delegation raised his comments at the start of Friday's session. "I am used to it", Trump tweeted.

Trump took to Twitter on Friday, saying that the "powerful understanding" between Bloomberg and him was "blatantly violated" by the leak of his comments that weren't intended for public dissemination.

But the hit predicted to the wallets of Canadian consumers is not just a product of the NAFTA negotiations, said Ciuriak, who once worked as deputy chief economist at Canada's Department of Foreign Affairs and International Trade.

It remains to be seen if the notice Lighthizer sends to Congress only mentions the deal with Mexico, or includes recent progress in talks with Canada.

Here are the next procedural steps to move forward with the deal and the outstanding issues that need to be resolved between the USA and Canada.

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Another person familiar with talks said preserving Chapter 19 remains very important to Canada. This week those meetings continued at all levels. "We've made constructive and reasonable and we will continue to do that". "Our officials are continuing to work toward agreement".

Freeland paused for just a couple of seconds and then answered, not referencing Trump, but his top negotiator, U.S. Trade Representative Robert Lighthizer.

The US leader was likely referring to measures protecting Canada's dairy industry, which he has lambasted on multiple occasions.

"At least Canada knows where I stand", Trump added, thus confirming the authenticity of the leak.

The Toronto Star quoted Trump as saying that any trade deal with Canada would be "totally on our terms". Such a move, experts warn, would inflict heavy damage on the countries' deeply integrated auto sector.

After Trudeau spoke with regional leaders, they appeared to soften their tone in defense of Canada's protected dairy sector, suggesting a compromise may be in the works that would grant the U.S. greater access to the Canadian milk market.

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The Impala is manufactured at the General Motors plant in Oshawa, Ont.

Speaking to reporters Friday in Oshawa, Ont., Prime Minister Justin Trudeau was asked about the reports on Trump's off-the-record comments.

The initiative aims for China to become a major manufacturing power in direct competition with the United States and has been deemed threat to USA technological leadership by the Council on Foreign Relations think tank. -Canada negotiations had initially generated hopeful signals from both camps that a deal could be struck by the end of the week - but hard discussions about dairy and dispute settlement persisted.

Dairy products are nearly three hundred percent tariff.

All three countries have stressed the importance of NAFTA, which governs billions of dollars in regional trade and a bilateral deal announced by the United States and Mexico on Monday paved the way for Canada to rejoin the talks this week.

The sticking point is Canada's demand to retain an independent trade dispute mechanism within Nafta - an issue Lighthizer reportedly refused to budge on, despite repeated offers of concessions from Canada, according to the report.

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You know what this means? Let's keep calm and working hard is the most important thing. But if this continues, he could be looking for a new job.

While Freeland said the United States trade team was negotiating in good faith, a Canadian source told AFP that Ottawa expressed their disapproval to Lighthizer.

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