Global markets fall ahead of US Federal Reserve interest rates decision
Health Stocks Prepare for Market Jolt After Obamacare Ruling
Can a Parrot Really Order Stuff Using Amazon’s Alexa?
Google creating New York City campus as part of $1 billion expansion
White House Readies Order to Quit NAFTA
27 April 2017, 04:06 | Kelvin Horton
White House Readies Order to Quit NAFTA
The White House is reportedly considering drafting an executive order stating its intent to withdraw the United States from the North American Free Trade Agreement.
The White House statement said that Trump spoke with Mexican President Enrique Peña Nieto and Canadian Prime Minister Justin Trudeau. The two leaders agreed on the importance of reaching a negotiated agreement, recognizing the integrated nature of the industry between Canada and the United States.
It says Trudeau "refuted the baseless allegations" by the U.S. Commerce Department about Canadian lumber.
President Trump would not necessarily need an executive order to withdraw from the trade agreement. "The message here is that the USA not only talks tough, it acts tough". Trump did, though, sign an order to pull the US out of the Trans-Pacific Partnership trade deal.
As he approaches his 100th day in office, Trump and his advisers are hurriedly working to check off promises made during the campaign, one of which was to renegotiate or withdraw from NAFTA.
He said those industries could qualify for protection under Section 232 of the Trade Expansion Act of 1962, which lets the president impose restrictions on imports for reasons of national security and was used to launch a probe of steel imports, the Journal reported. Froman suggested that they calculated that they might get a better deal from Trump.
By law, the U.S. Congress must be involved at multiple steps: in approving a formal notice to renegotiate, in developing the negotiating positions, and then in voting to ratify a deal. The debate played out in the press Wednesday as some outlets quoted officials insisting the signing was imminent, while other officials dismissed the reports as "just a rumor".
Freeland says she has had "detailed and substantive" discussions with U.S. Commerce Secretary Wilbur Ross in recent days but the two sides are still far apart. And it is unclear what would happen next.
During the last softwood lumber dispute, Canada shed 20,000 forestry jobs between 2000 and 2006, and about 400 sawmills closed entirely between 2004 and 2009.
A week after President Donald Trump called Canada a "disgrace" for policies that hurt Wisconsin dairy farmers, he's slapping tariffs on Canadian lumber.
The White House is telling US media that it's weighing a plan to pull out of NAFTA, upping the pressure on Congress to get cracking on negotiations under the threat of having the seminal trade deal obliterated.
There were certainly jitters in Congress. Pro-NAFTA senators urged Trump to be careful. "Everyone thinks of Canada being wonderful and civil", Mr Trump told a roundtable meeting of farmers at the White House on Tuesday.
"Obviously, the companies are not going to sell their lumber if they are going to lose money", he said.
The White House had expressed frustration at lawmakers' failure to share its sense of urgency on NAFTA. The U.S. and Canada, among the most open economies in the world, enjoy a booming cross-border trade.
The letter spelled out few details and stuck with broad principles.
"They are going to have some tough decisions to make and soon", said Nighbor.
Turkish 'sadness' after Russian navy ship sinks
The Russian Defence Ministry said all 78 people aboard its ship were safe and that nobody had been injured among the crew. It said the vessel "sustained a hull breach due to a collision" some 25 miles northwest of the Bosphorus Strait.
Islamic State, Taliban clash in Afghanistan, dozens killed
Late last month, other top ranking U.S. military officials spoke to the allegations, but discussed them with greater uncertainty. General in Afghanistan John Nicholson told reporters in a December Pentagon briefing. "This is a false narrative".
Trump's Approval Rating Hits 41 Percent In Latest CBS Poll
Even 29 percent of Democrats, who may disagree with Trump's agenda, believe he's holding true to his campaign promises. The poll also asked USA adults their thoughts on the Obama administration's alleged spying on the Trump campaign.
GOP rep doesn't expect a literal border wall
"Our appropriators are working in good faith toward a bipartisan proposal to keep government open". Republicans, meanwhile, expressed confidence Congress would avoid a shutdown.
Star Wars: Episode IX release date set for May 2019
Mark your diary in big blue texta and an Olaf smiley face for the most anticipated animated sequel in recent memory, Frozen 2 . The Han Solo standalone film is slated to hit the theaters on May 25, 2018 and will be helmed by Phil Lord and Chris Miller.