aluminum tariffs to the nafta negotiations. i don't think that it has really worked. listening to the canadian prime minister yesterday, i think what we heard was a rejection of that. candidate is now moving forward with retaliation in return for the u.s. action. the canadian political system, whether it is the liberals in power or the conservatives in opposition, have rallied together to form a common front to say no to this. and similarly in mexico, and europe, in the past day we have seen about $40 billion of reation reatened against the united states. these are tariffs the other countries would levy on u.s. exports, that is a very large number. i think back to past trade disputes, there was one with mexico. the one with the trucking issue. this is at least 40 times larger. this would have a big impact on jobs and a large swath of industries. countries like canada, mexico, the european union, they know how to choose their targets. -- they choose them for political and economic effects. kentucky bourbon from state senate mitc

i was happy to see a lot of former nafta critics that said don't get rid of nafta. i think there is strong support for open trade, that there will be more of a focus on forging trade with latin america. mexico did become a part of modernizing agreements with europe. don't see any risk. i don't think protection would be the solution for any of the challenges we face. i think mexico will have a more proactive -- i wouldn't call it industrial policy. but closer links between government and business to make sure there is a plan that can work in an open economy. on the assessment of the bilateral relationship, it is one of the world's most complex relationships. mexico can diversify trade links up to a limit. i just finished a paper and i examined mexico's trade relations. during several of those episodes, mexico has tried to trade and investment links. you know what the success is? pretty close to zero. the u.s. is always the main partner and always will be. mexico will become increasingly important for the u.s. in 2050, mexico will become the eighth largest economy. we

. >> one of the big trade issues that remains undecided is nafta. we start reporting this week that justin trudeau refused to meet with the president after being told he would have to agree to a five-year sunset on nafta. these negotiations have dragged on for over a year. is that process dead? what needs to happen to prevent a full withdrawal without another deal? >> nafta has been such a focus for this administration and the business community over the past year. there are about 14 million americans whose job depends on canada -- trade with canada and mexico. huge swath of the american economy, farmers, manufacturers, get a lot of benefit. in that context, negotiations have come into a crunch period in recent weeks. in late april and early may there were around the clock negotiations,. the trade ministers of canada and mexico were pretty much camped out here. since may 11, when the parties did not reach an agreement, things have been more tentative. there have been lower-level negotiations, but i think a number of the thorny issues, the things the

nafta is viewed as important a cross the political spectrum. areasare a number of where the mexico business community is concerned about policies. i can't go into them in detail. i think on nafta there's the de and from the candidate from his aid some of whom we've had some conversations with as for other candidates from mexico to ensure at least continuity going forward. but certainly the u.s. approach now the tariffs in ofico, there's a lot unanimity of rejection. levying tariffs on some of your closest allies, this is a stance that's bring people together within some of the other countr meteorologist them amongst them. i think we'll see e that at g7 summit. you talk about the message coming from the white house, we're not seeing a unif message disagreement among senior aides and public admonishing of one official to the other. how do you tell them to messages?those does it make it harder to predict, and plan what's going to happen when you of getting those types discombobulated message from the administration? what the business community wan

would a win have an effect on nafta negotiation front? >> in general, the leader of the polls in mexico has made comments about nafta that are actually pretty supportive. nafta is viewed as important to mexico across the political spectrum. however, i do think there are a number of areas where the mexican business community is concerned about policy. i can't go into the details. i think on nafta there is a desire from that candidate and his aides, some of whom we have had conversations with, to ensure at least some continuity going forward. but certainly, the u.s. approach on nafta and the tariffs, in mexico there is a lot of unanimity of rejection of those tariffs, saying they are unfair. levying tariffs in the name of national security on some of your closest allies is a stance that is bringing people together within these other countries and amongst them. i think we will see that at the g7 summit coming up. >> when you are talking to your members about the message coming from the white house, we are not seeing a unified message disagre

the wto and under chapter 20 of nafta to challenge them. we have been joined by many countries around the world. as a strong supporter of the international order it is important for canada to take this legal action. canada has no choice but to retaliate with a measured, perfectly reciprocal, dollar for dollar response. that is what we are doing. on may 31st the prime minister and i announced canada will impose tariffs on imports of steel and aluminum on other products from the united states representing the total value of 2017 canadian exports affected by us measures. this is $16.6 billion, canada's stronger straight action since the second world war. following extensive consultation with canadians today we are publishing our two final tariff lists. one list that will be subject to a 25% tariff and second list that will be subject to a 10% tariff. these countermeasures will only apply to goods originating from the united states. they will take effect on july 1st and will remain in place until the united states eliminates its trade restricti

what difference did nafta snake. >> nafta made an enormous difference, but he had me start by saying that i think your book, and there's so much information about our governments, our people. if you walk outside doors of this institute and ask the first ten people you meet what do you think about the north american free trade agreement whoor do you think about the bilateral relationship with mexico or how do you think that the trio canada, mexico and the united states, how do they work together, probably you would get, well, it doesn't matter? but it does matter, and it matters hugely, and andrew seely has written a book that i have read and you cannot put it down because he takes the facts that we're all going talk about, and he translates them into a story, a human story, something that you just -- you want to read that chapter to see what happened to that family that was in this place that was having these problems, but change did occur in the early 1990s in mexico. president salinas very much wanted to open the markets. it was highly restrict, and they had gone through a very dif

fluting the nafta renegotiations and tariffs on canadian products.rudeau was critical of president trump's policy of separating migrant children of u.s.-mexico border. >> you told us -- [indiscernible] to what extent does that remain your conviction? justin: one of the things we have seen from the president is he prides himself on a certain degree of patentability. the challenge for us is that we the that certain actions, movement on steel and aluminum for american workers as well as cost challenges for canadian industry and canadian workers. i have to continue to believe that leaders will function in the interest of their own country. i have a hard time accepting that any leader might do the kind of damage to his own auto industry that would happen if you were to bring in such a tariff on canadian auto manufacturers given the changetion of the supply -- supply chain to the canada kind -- canada-u.s. border. this is something we are going to continue to demonstrate to our partners in the united states and hopefully we will continue to demonstrate it

today, we understand the pros and cons within nafta.s,e some very good because it makes it easy for us to trade with mexico and canada. if you start breaking itut and try to do individual deals canada and mexico, you end up back where you started from, if you are successful. perhaps you can make a better deal, one or the other. it brings uncertainty to the market. one of our concerns has been that as we renegotiate nafta, we have also declined to participate in the transpacific partnership which was basically ready to go in january last year. billion peoplea who wanted to trade with us in and around the pacific rim. now we are in the middle of having a trade war also with china. jus an example, each of these items by themselves is one that we could manage but when you have all of them in flux, it puts our country, i believe personally, in a position of less strength when it comes to any one of those deals. i understand the president wants fair trade. we agree with him on that. we would really like to know what the end game is, what the

what difference did nafta make? carla: nafta made and a difference. let me start by saying that there is so much information floating about between our governments, our people, if you walk outside the doors of this institute and ask the first 10 people you meet, what do you think about the north american free tradeat do you think about the bilateral relationship with mexico, or how do you think that the trio, canada, mexico, and the u.s., how do they work together? probably you would get, it does not matter. i does matter, and it matters hugely. has written a book that i have read, and you cannot puit down. he takes the fact that we are going to talk about and he translates them into a story, a human story. something that you want to read that chapter to see what happened to that family that went in this place that was having these problems. thechange did occur in early 1990's, and mexico, president salinas wanted to open the market. it was highly restricted. they had gone through a very difficult decade of the 1980's. president bush, senior or a much

there's no nafta. so it could be seen that you are not that successful and trump is calling the tune. [prime minister answering questions in french] there are always other things we can work on, we didn't ask they resolve all the problems facing the planet. we made significant progress in terms of forging a consensus about certain major challenges and commitments that we have called upon to tackle together. yes, one could say, yes we weren't able completely to turn around president trump's approach on trade, as he continues to say what he says. fine, we didn't. but if you're continuing to say it's a wonderful place and people are wonderfully hospitable, if you imagine that, then i do think you are probably flying too high on your expectations. but when the most developed economies in the world come together to get to grips with major problems, and are capable of demonstrating leadership in areas of concern expressed around the world. and as you seen in the communique, there is still a great job of work

how is that not withdrawing from nafta? >> oh, no, we won't withdraw from nafta, we are heavy into negotiations and the negotiation will either be bilateral or they will be try lateral. okay. one way or the other. >> brennan: you still think he can get a trade deal -- >> i don't think i don't know that, margaret, i will say i don't know, because i think, again, trudeau is very unfortunate's statements, his betrayal, he betrayed trump, can i ask, he betrayed the whole g-7. >> brennan: but how. >> by attacking right after. >> brennan: as you said before, the tariffs were insulting and that they follow through with the july 1st -- >> you want to say that right after a successful g-7 meeting is is that necessary? seriously? where is the good faith? where is the optimism? people came together at that meeting. i am in there working with the heads of state. it is my great pleasure representing the president. the president was there, we are putting words on paper, we are making adjustments, we are making compromises and we are comi

towill we are looking for is improve nafta. really looking for a bilateral agreement with the u.s. or canada. that is what we want to we want to have a nafta 2.0. not enough to 0.5 to we want to better operate nafta. that is what we are looking for. he has appointed someone who has been and charged of those negotiations. the thing is -- what we are looking for is to work with the u.s. and canada. michael: you want canada in the agreement? >> of course. i think this is the way nafta was conceived. that was the right way to go. as a block, america as a region, to have a .ompetitiveness i think that is what we should try to keep and modernize and improve. michael: the ministers and has proposed retaliatory sanctions on the end states. does he agree with the sanctions? >> he has said he doesn't want to get into a trade war. starting point. but we also understand the situation. we understand given the imposition of these types on steel and aluminum, something like that had to be necessary. in that sense, we respect the decision of t

especially if it causes nafta to fall apart. nafta is 1.5 million jobs tied if the u.s. leaves nafta. president trump responded to trudeau saying he wants a fair deal or none at all. "wall street" editorial board slamming trump. hurting his foreign policy and perhaps republicans in november. republicans are fuming. ben sasse says this is dumb. speaker paul ryan says the u.s. should work with allies instead of targeting them. "the wall street journal" editorial. i encourage you to read it. it says the president thinks he is being ronald reagan. >> but terrifying echos of

are also in breach of the nafta rules as well as the -- as wto rules. launching abe according to wto rules. will collaborate with the wto and other partners, including the european union, to challenge these illegal and counterproductive american wto.res before the it is completely inappropriate to consider any trade with canada as a threat to the united states national security. i want canadians to know that their government will always defend canadian workers and canadian businesses. thank you. now i am going to say it in english. we are a bilingual country. canada intends to impose tariffs -- against imports of steel and aluminum from the united states representing a exports.ue of 2017 that is $16.6 billion. we are imposing hell are for dollar tariffs for every dollar levied against canadians by the u.s. tariff ratesre the today imposed by the united states on canada. we are publishing to lists of goods. while list will be subject to a 25% tariff. the second will be subject to a 10% tariff during these -- tara. -- 10% tariff. these countermeasures wil

snatched seems to have the possibility of successful nafta reboot from our grasp for now. mexican and canadian retaliation are en route. factories and farmers depend on exports to canada and mexico and will suffer. beyond the impact on nafta, and her have sent a signal that the united states is no longer a reliable partner. over thear, concern misguided use of section 232 and unilateral trade actions should not be a partisan issue. if these were policies that actually helped the american farmer and worker succeed, you would see overwhelming support from both sides of the aisle. this is not the case. the unitedis that states is damaging its ability to forge commercial agreements and enforce existing ones through this behavior. should the president of -- withdraw from nafta, the ability to impact investor climate in the americas will deteriorate further, leaving the field open for chinese and other investors and further damaging u.s. credibility. i would argue forcefully for regaining that credibility with the u.s. congress standing up to the policies leading to a deteriorat

we want to have a nafta 2.0, not a nafta 0.5.nt trump has a lot of people to convince on the trade front. he still has to win over numbers of the republican party by them for talks this afternoon -- members of therepu. it sounds like he just wants to play mexico and canada off against one another in negotiations. >> right. i think that is what we are seeing here. 't think it is a surprise to anyone to see that trump is preferring bilateral talks over multilateral talks. that is exactly why he withdrew from the transpacific partnership in the first place, but i think it's interesting that we saw larry kudlow, who seems to have been told to tell us this message, the president is seriously considering this option to send us a message and maybe also the counterparts, to float the idea that nafta talks have dragged on a little bit too long. the president is getting anxious to do something about this. we're looking at a new approach. the presidentow hastened in the past to withdraw the u.s. from nafta. as far as we know, he has not don

coming up, what is next for nafta?s is bloomberg. ♪ s is bloomberg. ♪ alix: this is bloomberg daybreak. if you are short human boo s&p futures up by five. at anothering record as fang stocks like amazon, apple, netflix close at record highs. european stocks, the ftse much better. pretty much flat on the day. it is a selloff in europe. by eight basis points. oh 80's in france up by nine basis points. all about the selloff in the core in the long and as you potentially have the ecb inching its way forward to acuity exit area to that meeting next thursday, front and center. , crude up byts 6/10 of 1%. david: now let's get an update of what's making headlines outside the business world. emma: brazil can't stop the slump in the real falling to its lowest level against the dollar since the impeachment of dilma rousseff. policymakers try to stem the route by offering to sell an additional $1.5 billion of contracts. betweenk's summit president trump and kim jong-un could last two days or two minutes. officials say the white ho

nafta. 67% of the mexican population supports nafta, says that it is good for the mexican economy. you don't see differences in support for the candidates, depending on your attitudes toward nafta. support for lopez obrador is more or less the same regardless of your opinion about nafta and it has not become an issue during this campaign. what is most striking is the mexican public is really in favorite of nafta -- really in favor of nafta, because if trump does not like nafta and mexican people does not like trump, therefore we want nafta. [laughter] 68% say mexico should continue nafta. and also you don't see changes in electoral support for the candidates depending on their attitudes towards nafta. so to sum up, what we are looking at right now is a very comfortable lead of lopez obrador. we don't see a trend that the which place is growing, makes it more difficult to catch up with lopez obrador. ago remember, six years now-president pena was going down in the polls when the election took place. lopez obrador was going up. came as aence of 7% surprise to some extent. you could s

will be for nafta because he is trying to do something about nafta.t: you think it is anything that trump is against, those who are against him will be for? caller: exactly. not everybody. there are people that have to does not affect. i worked for an environmental company. we had someone come out about the deconstruction of auto plants. i probably walked off of 30 or 40 plants since nafta. all of the plants start pulling up their slabs and the new plants are being built in mexico. host: john is in fairfax, virginia, democrat. what is on your mind? caller: good morning. three quick ideas. maybe people who answer the phone to check out callers should check out the quality of the call so that we do not get callers we cannot understand. second, i think you should maybe like, tellly program me something i don't know where callers will bring up an issue, a person that is important for people to know about but is not widely known. it is an editorial invention that a man who came to the united states as a three-year-old was deported to mexico, had his throat

with respect to nafta negotiations, will there be other meetings planned? meetings.have planned i don't have exact dates but this is the intention of canadian and u.s. negotiators, mexican as well. during the presidential transition. in mexico. >> [indiscernible] we have had complaints about --ry and time management and why do you think that canada is suddenly so much in the crosshairs? >> i recognize the the relationship between canada and the u.s. is closer and more complex into deeper than the relationship of any two countries in the world. andlevel of coordination collaboration between our two economies leaves lots of issues one can pluck at and talk on if one wants to make points or push a certain narrative. i am going to remain focused on the fact that this relationship has been also one of the most successful trading relationships in the history of the modern world. two countries have worked together, grown together, and prospered together in innumerable ways. and the past decades century and a half, to the tremendous benefit of citizens in both our

we are talking about nafta. i would not mind seeing nafta where you go by a different name where you make a separate deal with canada and a separate deal with mexico. you're talking about very different approaches. i would not mind a separate deal with canada where you have one type of products and a separate deal with mexico. these are two very different countries. it has been a lousy deal for the united states and stay one. we lose a lot of money with canada, and we lose a fortune with mexico. it is not going to happen like that. mexico has taken our car countries, a big percentage. we cannot do that. the american worker agrees with me. obviously, the stock market agrees. ,hen you look at what happens you are starting to see i'm right. when you see the kinds of tariffs they charge, and we don't, that is called not fair trade. i want fair trade. i like free trade, but i want fair trade at a minimum. the other side understands. to be honest, they cannot believe they have gotten away with this for so many decades

that is something rarely used, it exists in nafta. it would no doubt exist in a modernized nafta. that is one of the reasons why we don't see the need for a sunset clause. if you can leave a trade deal at six months notice, we know the president has threatened to do that a number of times, there is no need for a sunset clause. we are always willing to listen to proposals that might work around that, that allow me to be unequivocal. a trade deal with a sunset a trade deal, therefore we will not accept a sunset clause of whatever duration proposed by the president. >> the sequence of events, what is the sequence, you say you he said you did not make the national security case to him. how do you see the path forward? what is the sequence to get to nafta? mr. trudeau: we will continue to work together on issues we agree. we will talk about issues on which we disagree. we will continue to work towards a renewed nafta. we will work toward removing the tariffs on steel and aluminum from the u.s. this is an ongoing relationship that we work at very hard and will continue to. [reporter spe

i think there is a big risk hope they will get a deal on nafta because nafta is actually an extremely, it was extreme a beneficial to americans, mexicans, and canadians alike. the caller is right. when the nature of manufacturing jobs have changed quite dramatically -- the nature of manufacturing jobs have changed quite genetically. dramatically. it is in the nature of companies, they have to compete domestically, and one way they do it is becoming more productive. and yes, it means that it changes the nature of jobs. if you go to a still factory now, they are amazing and look nothing like they did 30 years ago. they are clean. it is true. it is not high school grads that work in these factories. and that is why these manufacturing jobs look very appealing because they are well-paid. but you cannot have it both ways. host: let's get a call from orlando, sandy for our two guess. caller: hello. scott, do you represent your alliance all american manufacturing? guest: we are a partnership between the united steelworkers union which is north america's largest industrial union, and some hea

there is a separate discussion about the reorganization of nafta.h to leave nafta alone or find a way of reorganizing it. they said the latter. there's a lot of different moving pieces here. and thinly odd time bailed -- thinly veiled relief. depth tonot a lot of it. we are curious as to why now. they have talked down the negative impacts to their own business. this does seem like trying to show solidarity. >> it is interesting they would put themselves in the line of fire so to speak on this issue. in the case of harley davidson, some have suggested the underlying business is not going great. some of their decisions to shift production is reflective of that. can we make any serious conclusion about what it tells us about the health of their business now? gm mightally a smaller be more profitable. when you look at the core business, i do believe as the cycle continues we are going to see more focus on utility vehicles. separately, they will start carving out investments. the technology here as well. i do think smaller gm may be better. -- i don't co

is not planning to quit nafta.ontemplating a shift in nafta negotiations. his preference now, and he asked me to convey this, is to negotiate with mexico and canada separately. he prefers bilateral negotiations. joining us now is a former deputy u.s. trade representative. i want to bring up this chart to -- i don't have the chart at the moment, but you were talking about the discrepancy between the u.s. trade relationship with canada and mexico, a deficit on one side, a surplus on the other, so does it make sense to conduct bilateral trade negotiations? the revised nafta should remain between the three .ountries who are part of it it is the economic strength of north america that is at the heart of this. isusing on the trade deficit really a false premise. we know that the deficit is not inherently a sign of a flawed trade agreement. it can be in some cases a sign of the need for improvement, but the collective nafta agreement has worked well, so it would be a mistake to break these into two separate bilateral nego

could this be donald trump's chance to finally get rid of the nafta agreement. also on the show less than three weeks before kill actions in turkey inflation is hitting consumers can't everyone wind with angry voters. it's time for business on d. w. and how you got to get us welcome to the show after the u.s. slaps tariffs on mexican steel and aluminum mexico's now retaliating with tariffs on american farm and steel products poor bourbon whiskey cheese steel and motorboats say students of twenty to twenty five percent analysts say trump could use mexico's retaliation to finally rip up the nafta trade deal between mexico canada and the u.s. trump's economic advisor larry kudlow said today that the president would prefer to negotiate separately with canada and mexico. so if you ask you has been following this story for us at the new york stock exchange sophie hi it's good to see you know there's this impression that there's not much mexico can do against the power of the united states so is this a bold move or rather a minimum reaction. well the mexican ministry e

nafta. i see with $100 billion-plus that they make on trade through nafta. one of the worst deals ever made by this country. dafter. and we're trying to equalize it and it's not easy but we're getting there. not easy. and we're going to take care of our american farmers and we're going to take care of our manufacturers and our manufacturing jobs. but they're making unbelievable amounts of money. and that's not including the drugs that are flowing through our border because we have no wall and we have no protection. the drugs that are coming in from mexico and through the southern border is disgraceful. so we'll see whether or not we can make a reasonable nafta deal or the deal doesn't have to be called nafta. we can do one-on-one with mexico, one-on-one with canada. and by the way, canada, they like to talk. they're our great neighbor. they fought in world war ii with us. we appreciate it. they fought world war i with us. we appreciate it. but we're protecting each other. there was a story t

before nafta, the cost of the tariff was passed on to you, the consumer.ta essentially eliminated but the agreement also made it easier for u.s. companies to president ronald reagan laid framework for nafta in the early 1980's. both chambers of congress approved the agreement in 1993, while president bill clinton was in office, and he became the president to sign it into law. president trump has called nafta the worst trade deal in history, and blames it for the loss of manufacturing jobs. the economic policy institute estimates america lost about 800,000 jobs to mexico between 1997 and 2013. but a bipartisan report from congress published in 2015 says america has lost more jobs to machines and automation than to mexico. >> when we return, rodney smith is on a mission to mow 50 lawns in 50 states is on a mission to mow 50 lawns in 50 states soledad: we think that thiss ♪ ♪ ♪ raindrops on roses and whiskers on kittens ♪ ♪ bright copper kettles and warm woolen mittens ♪ ♪ brown paper packages tied up with strings ♪ ♪ these are a few of my favorite things ♪ ♪

nafta. 67% of the mexican population supports nafta.hinks it's good for the mexican economy, and you don't see differences in support for the candidates, depending on their attitudes towards nafta. support for lopez obrador is more or less the same, regardless of your opinion about nafta, and it has not become an issue in this campaign. probably what is most striking about this is the mexican public is really in favor of nafta probably because it trump doesn't like nafta and mexican people doesn't like trump, therefore we want nafta. 68% 68% say that mexico should continue nafta, and also you don't see changes in electorates in support of the candidates depending on their attitudes towards nafta. so to sum up, what we are looking right now it's a very comfortable lead of lopez obrador. we don't see a trend that the second place is growing, so which makes more difficult to catch up with lopez obrador. just remember six years ago, now president pena was going down in the polls with the election took place. lopez obrador was going up, and

prneident george hw bush sig nafta in 1992.h chambers congress approved the agreement in 1993, in office, and he becalinton was president to sign it into law. president trump has called nafts tht trade deal in history, and blam it for the loss of manufacturing jobs. estimates america loststitute 800,000 jobs to mexico between 1997 and 2013.a but partisan report from congress published in 2015 says america has lost more jobs to a machines automation than toxi co. >> when we return, rodney smith is on a mission to mow 50 lawns in 50 states soledad: we think that this is an awesome grassroots effort to pay it forward. >>te is your staext? soledad: one man is hoping to change the world, one lawn at a time. his name is rodn smith. he's traveling the country e mowing lawns for theerly, disabled, single moms, and veterans. smith calls it the 50-yard challenge, because he planto cut one lawn in all 50 states. hetarted on may 17 in milwaukee, wisconsin, and since then, he's made it to 26 more states' he'going to add two more this weeken

that was destroyed as a result of nafta. all of that trillions and trillions of dollars of infrastructure now in china, and some in mexico as well. the other thing is, immigration, we allow one million illegal immigrants into the year every year -- into the united states every year. create one million new jobs every year? , botheally kills wages for u.s. citizens and unions are killed. it is only going to get worse. this pathology has not changed on either count. they give her much. >> thank you, don. ohn.here's a lot of -- j >> we actually have most -- ,f you added an unauthorized you can make it 1.2 or so. it is much lower, very small. macro effects are very positive. there may be micro effects that are negative. reasonable people need to sit down and talk about it. we know that the effects are quite positive but that does not mean that is the way for every person. the auto industry is the best indicator. with manufacturing with nafta, it allowed us to be competitive. it allowed the industrial productive -- industrial prod

mexico's making $100 billion a year off us and the horrible nafta deal. and i am being tough. one of the reasons i'm being tough, because they do nothing for us at the border. they encourage people, frankly, to walk through mexico and go into the united states. because they're drug traffickers. they're human traffickers. they're coyotes. i mean, we're getting some real beauties. mexico is doing nothing for us except taking our money and sending us drugs. they're doing nothing. they can solve this problem in two minutes.

we have spent close to a year negotiating the modernization of nafta.re is a moment where we should be able to move on to other things. in the meantime, we have signed a number of trade deals. withe the only g7 country a free-trade deal with every other g7 country. believe that the growth of the economy and protecting the environment go together. when you have more women or balance on boards or in organizations, you get a better quality of decision-making. ♪ p.m. trudeau: getting a pipeline to new markets across the pacific is absolutely in the national interest. ♪ p.m. trudeau: i was raised to the growth of the economy and protecting the environment go together. we haveof the things seen time and time again through the polarization of politics is people forcing a choice, either the environment or the economy. when we know, certainly if you talk to canadians, people understand creating a strong growing economy for the long-term requires protecting the environment. to protect our environment, we need a strong and growing economy. the idea it is one of th

what is the next move on nasa, sir —— nafta sir? so long everybody.t is the next move on nasa, sir —— nafta 5mm has been a terrible deal for the united states, people are starting to see it. we lose over 100 well dollars a year with mexico, we lose many billions with canada, canada doesn't take, mine they are restrictive as to taking our agricultural product and other things, and you know, all of these country, including the european union, they charge five times the tariff, we don't charge tariff, essentially they charge fia times what we charge for tariffs and i believe in the word reciprocal. you are going to charge five times we will charge five time, that hasn't been done. no other president ever brought it up and it will be done now, so, we are negotiating, we are talking about nafta. i wouldn't mind seeing nafta where you would go buy a different name where you make a separate deal with canada and a separate deal with canada and a separate deal with mexico, because you are talking about a very different two countries, but i wouldn't mind seeing

we have a nafta headlines.dent has said before that he wants to divide and conquer, i suppose. he wants to treat companies individually entree. -- entree. how much does it worry you that we are talking about having individual conversations with mexico and canada? is likely tok it roll on and on. that has always been trump's view, that he wants to negotiate one-on-one with individual countries. i think that it is less relevant than the fact that you are seeing this pickup, rick celebration in u.s. growth. that will feed across into economies like mexico,anada. re-acceleration, that is a positive and why markets are reacting well to some of the headlines you are seeing trade. anna: i saw the us trillion gdp numbers. the trade figure picked up there. manus: they were quite stoic, workday? -- weren't they? the dollar.er you have the plaza recorded at the top of the peak, drudge of you bush and his tariffs, is the dollar the biggest -- george w. bush and his tariffs. eu,ave tariffs now on the on china, and on canada

the most important decision for us is about what will replace nafta.that it's got to be modified what kind of modification and if matte babel be replaced what is the replacement? in here you know very well the relationship between mexico and the us, canada and the us, the three american companies have much more at stake than anybody else in the deal, so that is why i think at the deal, so that is why i think at the end of the day of very reasonable decision would be made because nobody is going to make a deal or challenge a deal if it will hurt them first. facebook‘s plans for a flying internet have crashed back down to earth. the social media giant is abandoning it's plan to create drones that beam down internet connectivity. it was aimed at helping the 4 billion people that don't

we have spent close to a year negotiating the modernization of nafta.hink there is a moment where we should be able to move on to other things. in the meantime, we have signed a number of trade deals. we are the only g7 country with a free-trade deal with every other g7 country. i was raised to believe that the growth of the economy and protecting the environment go together. when you have more women or better gender balance on boards or in organizations, you get a better quality of decision-making. ♪ p.m. trudeau: getting a pipeline to new markets across the pacific is absolutely in the national interest. ♪ p.m. trudeau: i was raised to believe that the growth of the economy and protecting the environment go together. and one of the things we have seen time and time again through the polarization of politics is people forcing a choice, either the environment or the economy. when we know, certainly if you talk to canadians, people understand creating a strong growing economy for the long-term requires protecting the environment. to protect our environme

we need a renegotiated nafta. these bad deals have never resulted in a positive trade balance for our country. instead they displaced millions of workers in north america. u.s. plants shut down here and trade deals like nafta thrust cheap labor into the market, forcing wages down across the continent. including in mexico. border crossings doubled into our country after nafta's passage. including illegal entries of desperate people under desperate circumstances. those trade deals dith disrupted the market -- deals disrupted the markets that small farmers in mexico and central america relied on to support themselves. who would not flee desperation? you would too if your livelihood disappeared. think about it. the best estimates suggest 11 million undocumented immigrants have assumed some of the hardest, lowest paying jobs inside our economy. since nafta's passage, and 10 years after that, cafta's passage. employers and employees are transfixed by a rigged global economy that pits businesses and workers across this c

[applause] we are continuing to discuss modernizing and approving nafta. we continue toake it clear that i final -- we cannot sign and trade deal that automatically expires every five years. we continue to look for ways to move forward, to modernize nafta for people on both sides of the border. >> we understand canada's position that it is difficult to find a trade deal that sunsets after five years. did the president of the united states remove this demand negotiating table? yes or no? [applause] >> i had a meeting with the president on friday afternoon. we had a very constructive conversation on a broad range of issues. we have continued to impress upon how important it is to modernize and improve nafta. we will continue to aid -- engage on a broad range of issues where canada is standing firm, where the united states is looking for concessions. we are going to continue to demonstrate that, no, we will not accept a sunset clause. without the prime minister indicating to the canadian people whether or not this is removed from the table, we have to underst

we have spent close to a year negotiating the modernization of nafta. think there is a moment where we should be able to move on to other things. in the meantime, we have signed a number of trade deals. we are now the only g7 country with a free-trade deal with every other g7 country. i was raised to believe that the growth of the economy and protecting the environment go together. when you have more women or better gender balance on boards or in organizations, you get a better quality of deon-makng. ♪ p.m. trudeau: getting a pipeline to new markets across the pacific is absolutely in the national interest. ♪ p.m. trudeau: i was raised to believe that the growth of the economy and protecting the environment go together. and one of the things we have seen time and time again through the polarization of politics is people forcing a choice, either the environment or the economy. when we know, certainly if you talk to canadians, you hear clearly that people understand creating a strong growing economy for the long-term also requires protecting the environme

instead of fixing this nafta nafta , he has sidelined renegotiation. instead of fixing this problem, congressional republicans passed a g.o.p. tax scam that gives away trillions to the ultra-wealthy. the top 1% got 83% of the benefits. meanwhile, workers are facing increased health costs, cutbacks in retirement benefits, and unaffordable medicine and health care and rising education costs for their children. how about that? instead of carefully targeted trade relief and going after closed global markets, the trump administration starts a trade war with most of our allies, and it isn't productive that this president of the united states is offending the president of mexico and the prime minister of canada. really? our closest neighbors? young people are expressing workplace frustration as well with the jobs in the so-called gig economy with uber or elsewhere with a 20-year-old, sure, can work, but with far fewer benefits and much less security and stability. mr. speaker, it's time for a better deal for workers across this continent starting with an enfo