around among the nafta partners. that makes a negotiation more difficult. what i do believe going to mexico as the fact that, mr. lopez obrador has interest in proceeding with a new nafta that is favorable certainly to mexico but to the region as a whole. he has also very clearly mentioned that he understand the purpose of foreign investment in mexico and willingness to work with a private sector not only mexico but in the united states and elsewhere. i think that's possible. >> what would you say are the main gaps now in the nafta position where mexican and u.s. positions are most difficult to reconcile? >> well, there's broad terms, it would be inappropriate for me to answer -- specifics about the negotiation. there's basket of issues. one of them, it's no secret but the administration here, president trump administration expressed, he's concerned about the united states trade deficit. we beg to differ. that is the way to measure success of trade agreement. we have said that publicly nevertheless it's an important

economy.n open the uncertainty about nafta is there. continue to be there at some level until there is a conclusion. very, i will emphasize the first reaction that we have seen from mexico's government elected are positive. i think the peso has reflected that lately. that's good. i do expect that the transition team, as it has done over the past month, will be engaged with investors. we should always be careful with that. we have had over the last decade not very good experiences with some macroeconomic turn downs in mexico. sayingclose by something very important. mexico three decades for to build fairly good, stable, modern, democratic institutions. whoever wins once it is confirmed, legally confirmed, but the new government as it happens in a democracy will have to operate in the systems of checks and balances within the different branches of government. more importantly, i think that there's going to be a very demanding civil society in mexico. hasl society and mexico taken a much more important role defining policy throughout diffe

but uncertainty about nafta is there. i think that, you know, it will continue to be there at some level until there is a conclusion. again, i'll emphasize the first -- very first reactions we've seen from mexico's government-elect, if i may use that expression, are positive. i think the peso has reflected that lately and that's good. and i expect the transition team, as it has done over the past month, will be engaged with institutional investors. we should always be careful with that. we've had over the last decade not very good experiences with macro economic turndowns in mexico. let me close with something that's very important. it took at least three decades for mexico to build fairly good, stable, modern, democratic institutions. so whoever wins, you know, once it's confirmed, legally confirmed, but then the new government, as it happens in any democracy, will have to prailt operate in a system of checks and balances within the different branches of government. more importantly, i think there's going to be a very de

is someone who as a trade negotiator for the united states worked on nafta t.v. and w t o professor math gold matt thanks so much for being on the show just before we get to those more general issues of those huge institutions your reaction to the e.u. japan deal covering six hundred million people this week well of course we knew this was coming and it's a very big accomplishment for the e.u. in japan and it highlights the degree to which america is being completely left behind with president trump's trade policy which is a no win situation for the united states obviously the white house would deny that that's the case but what about lessons of britain obviously in any post brics it environment that deal between the e.u. and japan took four years yeah it takes many years and bang out of free trade agreement and one of the big problems that great britain has is that it has always been part of the free trade agreements that the european union has negotiated with many other countries in the world and now the united kingdom has to negotiate go back and negotiate wit

nafta is a three-way agreement.akes sense to have coherence and consistency across north america area >> from the point of view of your members, this is gone on longer than someone like. we have real tariffs in place now. how are businesses responding inside canada about how they are investing in what kind of plans they can make? >> there is no question whether form willing exist or what it will take that causes investors to hold back. the sooner that we can resolve the uncertainty the better it is for all three countries because it creates -- it sets the rules under which people can make investments. >> would you welcome an agreement in principle with details handed out later. ? anything that moves us in the direction of having a deal is a good thing. case that youe agree in principle that you work out the details and a later date. sooner obviously been we have longer -- everything locked down the better. if we can get agreement to agree before that, that is a step forward. >> in terms of any sort of points upon wh

the united states has also taken aim at nafta's investor dispute process, which requires the nafta governments treat investors and other property owners in accordance with basic private property standards already guaranteed in the u.s. constitution and under u.s. law. isds allows investors of one nafta country to bring claims directly against a government in the pact before an independent, international tribunal. when the government engages in discrimination or unfair treatment of a property owner or the outright seizure of property without recourse, scrapping or undermining that process would raise questions about america's commitment to due process principles. instead we should find and focus on mending, not ending, the isds so investors in the united states, canada, and mexico have a clear path to protecting our investments. make no mistake, withdrawing from nafta would be disastrous. it could challenge the -- it could damage the u.s. economy, it could hurt many of the 14 million jobs -- million jobs that depend on trade with mexico and canada, including the five million directly attributab

included future nafta negotiations and u.s. mexico issues.ecurity the hudson institute hosted this 50-minute event. morning, i'm john walters, chief operating officer institute. welcome to the betsy and wally center.licy welcome to those joining us on c-span and online. founded in 1961, hudson a leading voice in washington and capitals around the world, promoting democracy, leadership and partnership with our allies for a secure, free, and prosperous future. our thanks, publicly, i wanted our manyhese to friends and supporters who allow this work to go on. we hope you can join us for some of our future programs, including july 13 when the director of national intelligence will be here to discuss u.s. intelligence transformation efforts and the possible impact of russian cyber influence on the u.s. midterm november.in we hope you will subscribe to our new podcast available now on itunes and google play. we have an important and timely program today. on sunday, mexican voters elected mr. lopez obrador. their country's new preside

on nafta we are seeking a sunset clause that would automatically terminate nafta after five years and was all three countries agreed to continue. that causes significant uncertainty for long-term business planning which words be in the united states and nafta trade agreements but a more straightforward agreement would achieve the same, sunset clause with the review mechanism. after a go of time, can choose the review of a nafta element on an ongoing basis so you can force the other parties to get to a negotiation, and didn't need to be changed in the current agreement and the investor dispute settlement, the nafta government to treat investors and other property owners, basic private property standards guaranteed in us law. and to claims directly against government in the packed before an independent international arbitration, and the outright seizure of property. with undermining that processing and process principles. we should find and focus on mending, not ending the i sds. in mexico, clear path to protecting their investments. withdrawing from nafta would be disastrous. it could

nafta but not withdrawing. there is a huge x factor, we don't know in the end with the president will decide on nafta and how negotiations will go but so far the reason we haven't withdrawn is there is a fair amount of pressure going on. could we do more? yes. the reality is most americans have looked at some poles during the book, over the last 4 or 5 years increasing positive attitudes toward mexico. the majority of americans have a pragmatic engagement with mexico and it comes through food, film, their jobs, vacationing in mexico or knowing mexican neighbors. we have engagements with mexico that made us more positive over time but we need to tell the stories that are in need to raise this a level higher than it has been in the past and if we don't do it we may do some things that do damage to ourselves or hurt the mexicans that will hurt us as americans as well. >> next question on the left. >> my name is that watergun dollars, thank you for coming to the talk, it has been informative. a student of immigrati

nafta is a winner. i'm concerned that nafta might unwind. also want to continue to encourage our trading partners to talk together. i think if the u.s. is having good conversations with mexico and that allows both the u.s. and mexico to include canada and continue to work toward a trilateral deal than we would want to continue to encourage that. separate bilateral agreements is not nafta. thanks for your insight today, john bozzella. joining us today from washington. coming up in the program, in just a few moments kevin cirilli will interview democratic senator elizabeth warren. focusinge going to be on the fox hunt continuing. does the prevailing as comcast drops bid for 21st century fox. the media next for megamerger. we will talk about it. this is bloomberg. ♪ jon: this is bloomberg markets. i'm jon erlichman in toronto. shery: disney make it happily ever after. comcast dropped its bid for rupert murdoch's 21st century fox, clearing the way for bob iger's $85.1 billion at edition. so what comes next? to have you with us. the first questio

is not som with him much that he has it against nafta. he has said he wants a good nafta deal. is in power, he may have some priorities that go up against nafta. he is very interested in agriculture, interested in bringing back agricultural products that mexico lost because of nafta. you just do not know if he is going to be a stumbling block or if he is going to be someone who will just make it more difficult . if the u.s. wants a deal, they should do it quickly. the first thing they have to do, that we have to do, is take away the aluminum and steel tariffs. mexico and canada have said they do not want to negotiate with a gun to their head, and they perceive these tariffs as a tactic on behalf of the trump administration to get them to the table. the first thing that has to happen is let's get rid of these tariffs for mexico and canada survey can negotiate deal. david: do you have a sense of how close we are to a deal on nafta? assume the president were to say, we will take those off to get a deal. how close are the parties? things like to have a long way to go. carlos: we ar

uncertainty about nafta is there.it will continue to be there at some level until -- until there's some resolution. the very first reaction that we've seen from mexico, government elect if i may use that expression, they are positive. it's reflected that. vaguely. that is good. i do expect that the transition team, as it's done over the past month, will be engaged with institutional investors. we should always be careful with that, we've had over these last decades, not very good experiences with so many economic turndowns in mexico. let me close by saying something that i think is very important. it took at least 3 decades for mexico to build fairly good and stable, moderate democratic institutions. so whoever wins once this is confirmed, legally confirmed, the government as it happens in the democracy, will have to operate in the systems of checks and balances within the different branches of government. more importantly, i think there's going to be a demanding civil society. a civil society could strengthen, it's a

>> i was not human nafta was approved. i was not in congress would nafta was approved. i've been to tpp numerous times in my time in congress. these issues are very difficult. they are difficult politically even for individual members of congress who are supportive of trade. the politics of trade agreements are hard to overcome, and the idea that we would renegotiate a trade agreement that would be hard to get approved in the first place, every few years is onet that is difficult politically but perhaps more importantly it creates even greater uncertainty because i get our trading relationships much better and stronger if they are long-term. uncertainty is nothing, something that no business, no farmer who plants seed in the ground and borrows money to do so or nobody or no one who is purchasing that in china or mexico, with a limited to nafta guess, canada or mexico, no one, the supplier or the purchaser wants the uncertainty of not knowing whether that relationship is long-term versus short u term. it is not a good idea to have a sunset provision in a nafta agreement.

he said they had quote, a great talk about border security, trade, and nafta. so we'll see where that relationship goes from here. and that is it for our program tonight. thanks for watching "amanpour" on pbs. join us again tomorrow night. >> you're watching p >> you're watching "beyond 100 days" on pbs. the global tide of populism sweeps up mexico in a landslide election. >>ers dealt a stunning blow to the country's established political parties. >> this is the new president. he is left wing, in favor of redistribution and against donald trump. >> the new project the nation will seek to establish an authentic democracy. we don't bet on building an open or closed dictatorship. the changes will be profound. >> andres manuel lopez obrador won because mexicans are fed up with violence and corruption.

but are those part of nafta negotiations? >> yes. >> i mean, technically, they're not part of nafta, but they -- the expectation is that they would be a resolution of those in the context of nafta. >> section 232 tariffs are negotiable items that occur in the overall discussion of a nafta agreement? >> that's correct. >> senator shaheen. >> thank you, mr. chairman. ambassador lighthizer, i was pleased when we spoke by phone to hear you talk about the willingness of ustr to take enforcement -- trade enforcement action. and you said bring me any cases that you know of, and we'll explore those and we'll try and take action. well, one question that i have is, have you brought any cases to address labor violations by our trading partners because, as i understand, there have been a number of labor violations to our agreements. some of our agreements. >> wto agreements -- or you mean nafta -- in the context of -- >> i'm talking about any trade agreements we have that would involve labor standards. has ustr brought any cases to addre

there will be some -- >> nafta needs revision but we love nafta.a has basically been a very good thing. it was basically republican idea in the first place. nafta is a great idea if we can get your point well-taken, get the technological issues taken care of. david: right. >> let's sell them everything we possibly can and buy their goods cheaply, inexpensively, get their fine labor force up here. not the criminals, not the drug dealerses but many, many fine people in the labor force. david: change immigration rules to one where we get people in who can actually help our economy. people who are good bricklayers, people good doctors. people who we really in need of, rather than this crazy lottery system that we have now. >> absolutely. look, i live in southern california. i think you're very familiar with the area yourself. we know, we could not live without mexican immigrants. we could not live without skilled mexican labor which we get much lower price than skilled american labor. let those people come in. let's of course vet all of the people comi

is someone who as a trade negotiator for the united states worked on nafta t.v. and w t o professor math gold matt thanks so much for being on the show just before we get to those more general issues of those huge institutions your reaction to the e.u. japan deal covering six hundred million people this week well of course we knew this was coming and it's a very big accomplishment for the e.u. in japan and it highlights the degree to which america is being completely left behind with president trump's trade policy which is a no win situation for the united states obviously the white house would deny that that's the case but what about the lessons of britain obviously in any post brics it environment that deal between the e.u. and japan took four years yeah it takes many years to bang out of free trade agreement and one of the big problems that great britain has is that it has always been part of the free trade agreements that the european union has negotiated with many other countries in the world and now the united kingdom has to negotiate go back and negotiate

he's talked about ripping up and renegotiating nafta. your own president-elect thinks nafta needs to be renegotiated, but i guess he comes at it from a different political vantage point than president trump. how do you think thanks are going to be different under a new administration in mexico? >> well, that's really for the elected president and his team to explain. what i think is trade for mexico and the u.s. is good for both countries. we do not oppose modernizing nafta, and we're working hard to get it done. yesterday when president nieto met with soon to be president obrador, they agreed that the current administration before president nieto's term ends would work hard in close coordination with the incoming team to try to get the nafta renegotiation completed. e u.s., with the white house of the states and they are certainly sharing this objective. so the next few weeks will be of intense work with the u.s., and also with good communication and coordination with the incoming administration. nafta is good for everybody. it needs to

of nafta, yes. >> the tariffs are negotiable items that occur in the overall discussion of a nafta agreement? >> that's correct. >> senator shaheen. >> thank you, mr. chairman. ambassador, i was pleased when we spoke by phone to hear you talk about the willingness of ustr to take trade enforcement "bring med you said any cases that you know of and we will explore those and try to take action." one question that i have is have you brought any cases to address labor violations by our trading partners. as i understand, there have been a number of labor violations to our agreement -- some of our agreements. you mean nafta negotiated? >> am talking any agreements we have that would involve labor standards. cases tobrought any address any violations of those labor standards? >> there have not been that many heavily but we are very negotiating unlabeled -- labor to set up a system where labor rights will be substantially improved. >> it is actually my understanding you have not brought any enforcement actions to address labor violations and i would hope you would be able to explore if that is in fa

we believe in nafta. but i thought as mayor, we have to be for nafta. dallas is one of those cities that for years woman to the fact we didn't have natural resources. and i love our city. you should all come to dallas. i would welcome people by telling them nobody moves here to be near the mountains and oceans. but we are a great place to live. we have an incredible asset called the dfw airport, and by my rough, nonmathematical equation, that put us in the largest free trade in the world. dfw airport, you are 3.5 hours from every commercial center of north america. >> it sounds like you are getting amazon. >> i would like for us to. and whether we get them or not, my approach as mayor is anytime somebody else is credentialing place you ought to be, if you are a global business, that is better than hearing that from the mayor. we would love to have them. it would make sense for them, but a lot of times when we talked with these tech companies, i will be honest, they don't want to be anyplace they want to compete with texas instruments and edms and parole

he spoke about nafta.p with nafta and between the new president look like from your perspective? michael: with regards to nafta, it will probably be status quo. what are latin american strategist who pay more attention to this than i have have said that amlo has expressed a status quo view toward nafta. bey want the negotiations to over and move on with the uncertainty. i would say if i nafta deal had already been announced, which it has not, and it was announced a few weeks ago, this would have mattered more. which is to say it could have muddied the timeline. amlo could have come in on december 1 and decided he wanted to put his imprint on something and therefore put uncertainty where there had not been because of an unannounced deal. because there has not been an announced deal and because this will lag in the 2019, he is part of the negotiating process. scarlet: president trump his comments earlier said he spoke with amlo about a separate deal between mexico and the u.s. we know he doesn't like multila

renegotiate a nafta that will result in trade balances. insourcing of jobs to this country with higher paying jobs in our country and rising wages for our workers. and with concan continue nental efforts to gain -- continental efforts to gain stability working with our trade partners in both canada and mexico. that's what a renegotiated nafta should look like. let's hope we get it. i yield back. the speaker pro tempore: the gentlewoman yields back. the chair recognizes the gentlewoman from florida, ms. ros-lehtinen, for five minutes. ms. ros-lehtinen: thank you, mr. speaker. and today i rise to congratulate paul cruz and hussein muhammad on their recent recognition by boystown jerusalem. ball and mo are the proprietors of movement's bagels and deli, located in beautiful south florida. although some may know these two for serving up some of the best bagels and lox, many know them for their world class philanthropy and community involvement. most recently paul and mo have joined forces to support boys town jerusalem. a phenomenal academic in

what would nafta mean to union pacific? >> i think it would be a disaster. it would be bad for our economy. i truly believe that. i think it would have a downward pressure on jobs. a downward pressure on trade, an upward pressure on price. >> let me think about some of the safety things you have mentioned. positive train control, goal at the end of the year you said. 1 to 100% how confident are you? >> 100%. we're be installed, everybody trained for it. all the band width we need. we'll have about 75% of our railroad implemented, lit up. we have 2019 and 2020 to do the rest. there's a lot of hard work there. i'm 100% confident before the end of 2020 it's all done. >> another question dealing with safety. in your network area, you have, i don't even know what the number could possibly be of at great crossings. >> a lot. are you doing anything to ftry o reduce the number? do you have a goal there? >> we have 32,000 miles of railroad. we have about 32,000 crossings. it's about one a mile. the issue is driver behavior accounts for virtually all of our crossing a

>>paul: the president also saying trying to renegotiate nafta. what's your advice on nafta?sing let's close this negotiation so we can have a vote this congress? >> yes. let's get it done before september. nafta has been good for tennessee. we've doubled the amount of cars and jobs and it's been good for the united states in my opinion. the president disagrees with that. we are making about as many cars in the united states today as we did when nafta was signed in 1944. the only difference is, we've had 3.5 million jobs shift not overseas but from the midwest to tennessee and other states in the southeast because of right to work and it's more competitive. my advice would be finished the work on nafta. modernize it. that can be done. get it done by september and give us a signal about where these tariffs are going. we need an end to shooting ourselves in the foot. that's a good way to solve a problem. >>paul: senator, i appreciate you being here. still ahead, immigrants are stepping up the rhetoric and the delay tactics on a bid my father passed this truck down to me, that's

take nafta, for instance. since nafta was enacted in 1994, pennsylvanians have seen exports to mexico increase by more than 500%. that's what happened because of the reduction in the barriers that existed, barriers to trade that existed prior to nafta. of course it also encourages investment in the united states, new plants, factories and all the jobs that come with that. tariffs and quotas and other obstacles to trade do the exact opposite. they reduce our consumers' choices. they raise costs. they limit our opportunity to sell our products whether it's agricultural products or manufactured products. they reduce the opportunities to sell these abroad. and of course inevitably, the imposition of these barriers involve the government deciding which sectors and which industries will be winners and losers because very seldom are these broadly and uniformly applied individual sectors are usually selected. so where are we today? it's been 16 weeks since the president invoked section 232 of our trade law to impose t

i want to make it more fair, okay >> you can't do nafta before the midterms. >> i want to wait until after the election. >> sreenivasan: trade is one of t in mexico it is electionen tho day: the largest election in the ncludes's history that i a new president and more than 3,000 other local state and federal officials. the issues on the minds of voters there have lithee to do with.s. newshour foreign affairs correspondent nick schifrin reports. >> reporter: in this middle- class neighborho, mexicans upset by widespread corruption and violence started voting early. for almost a century, mexico's only known two establishment parties. but 25-year-old ethel vasquez voted for a new, leftist party that's expected to sweep. >> ( translated ): amlo signifies a new approach. i've tried the pan party, i've tried the p.r.i. party, and i'm going to try the new candidate to see if things can improve. >> reporter: " old andres manuÉl lÓpez obrador, widely known by his initials, amlo. in 2006, he ran for president promising social programs for the poor. he lost by less than a percent, and his suppo

the problem with them is not just so much that he has it against nafta. he once a good nafta deal. if he is in power he may have some priorities that go against nafta. he is interested in agriculture. you just don't know if he is orng to be a stumbling block someone who will make it more difficult. if the u.s. once a deal they should do it quickly. the first thing they have to do is take away the aluminum and steel tariffs. , theo and canada have said steel and aluminum tariffs are a tactic. they can close it as soon as they can. check out g tv are you can find the charts we feature here including from etf iq, and etf that scrapes twitter for positive buzz on social media. from new york this is bloomberg. julie: this is bloomberg markets. scarlet: a snapshot of the biggest business stories in the news today, a number of bankers will be packing their bags soon. several dozen have been asked to relocate before the target date of brady is it in march. the employees moving come from the investment bank and other units including asset management. tesla drivers are increasingly unha

we do need to get resolution on nafta. trump signaled we won't plan anything before the mid-terms. if he can develop a rapport with the mexican president, that's important. it's not good to have a socialist on our border but we need resolution with nafta. charles: let's play that sound. president trump: we talked about trade, we talked about nafta, we talked about a separate deal just mexico and the united states. we had a good conversation. i think the relationship will be a very good one. charles: this is what you want to hear. it's not fireworks out the gate. i think everyone wants to resolve these issues. you have to have political leaders willing to at some point compromise and negotiate. >> at the top of the his is probably president obrador himself. he inherited a country with a significant mandate. it will give him a lot of opportunity to implement social programs that will put the country further in debt. $27 billion in exports come to the u.s. their next biggest export partner is canada at 11 billion. he needs th

nafta. i said nato. nafta. >> it's all tied together in this global world.here's -- i heard the discussion about whether he's lula or chavez i think it's somewhere in the middle he reminds me of a mexican politician of the '70s and '80s. he talks about self-sufficiency. a lot of distrust against u.s. multinationals very nationalistic very populist, left wing so in many ways, it's going back to the era before nafta in mexico and i don't think he's going to make the negotiations easier because a lot of what he would like to do will bump up against nafta. so this is not a good event here >> some would say, though, that amlo might want to improve the conditions of the working class by increasing wages which would then make mexico less competitive as a next site for a u.s. factory wouldn't that play into the u.s. in terms of what we want to accomplish out of nafta? >> well, i'm sure there'll be a lot more pressure from labor i think that's something that will come out of an amlo administration i don't see wages rising so much that mexico starts inching closer to

because of nafta?but now because the administration is arguing to renegotiate nafta, to put it in the political context to be the national trade canada two and up with the cabinet secretary here in the united states. >> if there is a cost to renegotiate with nafta, do you think both mexico and u.s. can benefit? and if so what are the dire consequences and also the united states? >> there is a reason we don't put sunset on trade agreements under normal times because it undermines what they try to do which is creating certainty this is particularly true in the case of north america with decisions made whether the nail plant or not a plant thinking ten or 20 or 30 or 40 years with investment if they don't call in five years if there would be tariffs now we are likely to see much less investment and frankly the rest of the world becomes more attractive in this undermines us to go my guess is they will not agree on that canada and mexico will draw the bad line although i have a lot of certain segments of th

one way is in nafta. theof the many benefits of north american free trade agreement with mexico and canada is it improved conditions in mexico. they have other reforms to it has created opportunities in mexico, which has made it less attractive for mexicans to come to the united states to seek work. they can find employment in mexico. it has become a leading automobile manufacturer. if we withdraw and raise tariffs mightican goods, we unconsciously be encouraging mexicans to come here. mexican migration over the next 10 years has been negative, more going back to mexico because there is opportunity and stability. host: where are we on the nafta negotiations? pause.it has taken a it has gotten complicated. in needs to be revised in certain areas. it is a 25-year old agreement. mexico has a new president, will have a new president. nafta, but stay in will be negotiating with the administration. there is a new team in mexico. host: on the transpacific intnership, was it a mistake your view looking back not f

shery: let's talk a bit about nafta.ative saying we are in the finishing stages of achieving an agreement in principle that will benefit american workers, farmers, ranchers, and businesses. an agreement in principle, is that enough? is that better than not having a deal until next year? or will this just prolong uncertainty? principle, i have been on a diet and exercise regime for the last 24 months and i am healthier. not to make light of it, in principle is just that. the reality is we can completely update nafta as part of the transpacific partnership. we brought everything from intellectual property rights standards up to norms that americans have wanted for years. we already have complete elimination of tariffs in north america. and i can assure you know state appreciates that more than my home state of texas, which is spectacularly the largest beneficiary of our trade between the u.s. and mexico. so i will be anxious to see what more this administration can get. because we are in the challenge position now that, wi

gm has more external exit nafta exposure than honda.hen ford has extensive production in mexico. so some of the forecast was seen in the industry suggest that you could see as many as 600,000 jobs lost in the us. to the world's biggest -- two of the world ‘s biggest supermarket chains or working together to cut prices. britain's tesco and a french supermarket sell more than $639 billion worth of groceries every year and employ more than 400,000 people around the world. they have almost 20,000 stores between them in more than 20 countries and the two have been talking for two years. no formal agreement has been signed and say they are hoping to finalise an agreement in two months. madeleine isa branding agreement in two months. madeleine is a branding consultant and the aim is a branding consultant and the aim is to gain a competitive edge. whether it is a premium brand, in the end they want to go to a brand they can trust but the prices will be low. right now, 50% of tesco's sales are owned brand products. about a quarter are owned bran

is something thatis going on around nafta is something that is up for grabs.y here realising that it is not in the interests of mexico to be soaked up on donald trump that mexico ends up losing item that relationship. he took a few minutes to pop into a bar today. and see a little bit of football. the mexico. it was a great barr, the atmosphere was fantastic. of course everybody wanted mexico to win. every time they nearly scored the bar erupted. there was almost total silence when i left at the end after brazil had scored two goals against mexico. their chances and i are out of the world cup, but it was so much fun to be here in this city when mexico was playing. it is a great city, by the way. i encourage you to come down into the programme from here with the one day. what a significant day. the election that has taken place, and also this date when they were hoping to beat the curse, as they call it, but not this time. this is beyond 100 days from the bbc. coming up for viewers on the bbc news channel and bbc world news: rescue teams find all 12 boys and th

we believe in nafta. i thought as mayor we had to believe in nafta. dallas is a city that for years diminish the fact that we did not have a natural resource. i love my city you should come to dallas. i will compete will -- i welcome people i told them, visit dallas, we are a great place to live, we have the dfw airport, and by my rough nonmedical equation, that puts us in the epicenter of the largest free trade zone in the world. and from dfw airport you are closest to every airport in the nation. >>> sounds like you're getting amazon. >>> i would like us to. but whether we get them or not, my approach as mayor, whether or not somebody else's credentialing dallas is the place you want to be, if you are a local business, that is better than hearing that from the mayor. we would love to have them. it would make sense for them. a lot of times when we talk to these tech companies, i will be honest, they do not want to be in a place where they have to compete with texas instrument frankly, might go someplace with no disrespect to estate with great public

we talked about nafta.ed about a separate deal just mexico and the united states we had a lot of good conversations. i think the relationship will be a very good one. we will see what happens but i really do believe it's a very good one. he had a very excellent election, did i would say even better than anticipated. i told him a number of years aig when i saw him campaigning for -- a different year, a different race, i said he will be did shall some day he will be the president of mexico. so he remembered that. and it turned out to be correct. we had great talk. in the morning during the morning i interviewed and met with four potential justices of our great supreme court. they are outstanding people. they are really incredible people in so many different ways, academically and many other ways i had an interesting morning, between the president of mexico and also the -- i guess you would call him the president-elect. but i think he will do -- he is trying to do very hard -- try and help us with the border.

i was elected mayor in 95 right after nafta had gone into effect. i was secretary of state we believe in nafta, but i thought as mayor we have to be -- dallas of one of the cities that for years sort of lamented the fact, we didn't have natural resources and i love my city. you should all come to dallas but i would welcome people, nobody moves here to be near the mountains and the oceans. you can keep looking, you ain't going to see them. but we a great place to live. we have this incredible asset called dfw airport, and by my rough, you know, non-mathematically question, that put us in the epicenter of the largest free trade zone in the world. from dfw airport you are three and half hours from every commercial center in north america. >> sounds like you're getting amazon. >> well, i would like for us to. and whether we get them or not, my approach as mayor is anytime somebody else is credentialing dallas as a place you want to be, if you are a global business, that's better than hearing that from the mayor. we would love to have it. it would make s

to stay in nafta, but will be negotiating with the administration. we have seen negotiations halted until later in the year. >> you mentioned earlier on the transatlantic partnership, was it a mistake? would be in part of that have mitigated some trade concerns that we have expressed? mr. meltzer: given what we are, it is a critical mistake. this is a negotiation that was commenced under george h.w. bush and was continued under obama. it is seen as providing u.s. exporters with access to the largest growing middle class in asia. -- it was individual, except for japan, which was the key component of that agreement. now that the u.s. is out, other countries have preferential access. it would have been a key agreement for getting out of the challenges that china presents to us. it had ruled on issues like digital trade, issues that matter to the u.s. china is not in the agreement because it would have placed cost on china cannot reform. >> let's hear from detroit. republican mine. -- line. >> thank you for letting me on the phone call. we have important

good negotiations a big going on in the president's threaten to scrap nafta and do bilateral deals and the mexican economy you wrote a long paper it's right there guys it's impressive about the mexican economy what's been in the doldrums for eighteen years how is the new president to deal with this well he's going to have to mean there's a lot to take on and it's really a long term failure that most people here don't know about it's it's really forty years i mean if you just look at the twenty first century mexico is ranks eighteenth out of twenty latin american countries in terms of just the growth of income per person and poverty is worse than it's been than it was twenty five years ago the real real wages wages adjusted for inflation are less than they were in one nine hundred eighty and so this is a real long term failure and mexico is kind of stuck in it because they've been following these policies where when the economy starts to pick up then they just they want to pay down the debt pay off the national debt and they don't have a big national debt the interest payments on the de

we believe in nafta but i told him we have to be for nafta. now this is one of those cities that for years so that lamented the fact. we didn't have financial resources and i love our city. i would welcome people without telling them you can keep looking that you are not going to see them, but we are a great place to live. we have the dfw airport and by my rough mathematical equation, that put us in the largest free trade in the world. from the airport you are three and a half hours from every commercial center of north america. >> it sounds like amazon. >> i would like for us to and what does he get them or not, my approach as the mayor is anytime somebody else is credentialing dallas as a place you want to be, if you were a global business that is better than hearing that from the mayor. we would love to have them. what makes sense for them, but a lot of times when we talk with these tech companies, i will be honest, they don't want to be anyplacina place that they haveo compete with texas instruments and systems for jobs. so frankly they mi

when it comes to nafta and the broader international trade, we do think nafta needs to be modernized.e think that is an appropriate approach, but we think it is absolutely critical for the united dates to stay in the agreement and protect the 14.5 million jobs that are associated with our trade with mexico and canada. to thebroaden that out bigger geography of the world and our international trade as a nation, we think tariffs are a pretty blunt instrument to try to affect fair and a global trade. it tend to be a tax on consumption, and as a result you will get less of both over time. so that is what we are mostly concerned about, the impact on the u.s. economy, both its consumers and its producers, as well as the impact on global trade flow and supply chains. vonnie: but most concerning, we have talks that are ongoing in so many different areas, obviously you carry a lot of goods. supply chainhe from many of these companies, but what are you most concerned about right now? i am not as concerned. i am concerned, but it does not rise to the top of the list when i think about anyone par

he talked about nafta.lked about a separate agreement between mexico and the united states, going forward. now mexico has been paying our steel and aluminum tariffs nor about a month now. it is something they don't want to do. a lack of a deal with nafta as well as other internal pressures led to the change in mexico. now it seems the new president-elect there saying he wants to maintain a good relationship with the united states. still the administration here wants to make sure they understand that the u.s. will not be pushed around anymore. >> this president has made very clear about building that wall and having mexico pay for it. he has been very clear about border security. we have too much poison, too many drugs coming over the border. we obviously have a lot of folks coming over the border who shouldn't be here and more importantly, i think when the president talks about border security, he is talking about us being a sovereign nation that actually has physical borders. >> president using fair trade