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there is a problem here and that's canada canada is a member of the trading block with the united states and mexico that's covered by nafta and that was what was meant to be renegotiated here a deal between the three countries now the united states has suggested that it could just do this deal bilaterally with mexico mexico first said that canada really needs to be part of this pact but then later on on monday the mexican foreign minister came out and said although be preferable to have canada than the united states and mexico could do a deal on their own. what mexicans now know is that in either of those scenarios there will be trade agreement between mexico and the united states independently on what happens with the negotiations with canada we now have to see if mexico's incoming administration will hold the same view they described canada as indispensable to the deal but it does reflect the fact that about eighty percent of mexico's exports go to the united states the deal on the table at the moment might not be as beneficial to the country as before it might not have canada at the moment as me
there is a problem here and that's canada canada is a member of the trading block with the united states and mexico that's covered by nafta and that was what was meant to be renegotiated here a deal between the three countries now the united states has suggested that it could just do this deal bilaterally with mexico mexico first said that canada really needs to be part of this pact but then later on on monday the mexican foreign minister came out and said although be preferable to have canada...
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well you know the mexicans would like to have canada very badly in the deal because mexico in the united states is a very lopsided power equation but mexico canada and the united states gives the other smaller countries more leverage against the industrial colossus of the united states the congress including members of trump's own republican party also very much want to get canada on board in that could create trouble big for a revised pact and in fact there could be some lawsuits as well so so can it is key here. rob reynolds live in washington d.c. for us thank you very much now that deal comes on the day that president trump how talks with his kenyan counterpart who are kenyatta the white house it's the second time trump has met a leader from sub-saharan africa since taking office after nigerian president mohamed do book visit in april of the leaders discuss trade and investment as well as strengthening security cooperation. u.n. investigators say he admires top military generals should be investigated and prosecuted for genocide against their were hidden general state and the report describ
well you know the mexicans would like to have canada very badly in the deal because mexico in the united states is a very lopsided power equation but mexico canada and the united states gives the other smaller countries more leverage against the industrial colossus of the united states the congress including members of trump's own republican party also very much want to get canada on board in that could create trouble big for a revised pact and in fact there could be some lawsuits as well so so...
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the united states and mexico. the first reason for this call, mr. president is first of all to celebrate the understanding we have had between both negotiating teams. on nafta. this interest we have had for quite a few months now. to renew it come out to update it. it, to modernize it, to update it, and generally a framework that would attend she productivity in north america. it is our wish, mr. president, that now, canada will also be able to be incorporated in all of this. and i assume that they are going on they on negotiations sensitive bilateral issues between canada and the united states. and i really grateful, mr. president. i want to tell you that i recognize and acknowledge your political will and your participation in this. and on the same path, i want to bear my testimony, mr. president and mike knowledge meant to both negotiating teams. both acknowledgment to negotiating teams. especially that the team is headed by mr. robert lighthizer. and also the accompaniment and support we accept through jared kushner. and i also extend this recog
the united states and mexico. the first reason for this call, mr. president is first of all to celebrate the understanding we have had between both negotiating teams. on nafta. this interest we have had for quite a few months now. to renew it come out to update it. it, to modernize it, to update it, and generally a framework that would attend she productivity in north america. it is our wish, mr. president, that now, canada will also be able to be incorporated in all of this. and i assume that...
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united states because it was a rip off. the now after agreement was signed twenty four years ago between the united states mexico and canada it saw many manufacturing jobs move south to mexico as a result where labor was cheaper one of the worst trade deals ever on the campaign trail trump promised to renegotiate nafta and bring back jobs particularly in the auto sector the new deal will require seventy five percent of an american car to be made in mexico or the united states up from sixty two percent workers making those vehicles must also be paid a minimum sixteen dollars an hour but missing from this latest agreement is canada will start negotiating with canada relatively soon they want to start they want to negotiate very badly relations between the two countries have been frosty since trump slapped tariffs on canadian steel and aluminum canada's foreign minister will travel to the u.s. this week to restart negotiations but it's not clear canada will agree to the changes the nafta changes still need to be approved by the u.s. congress follows weeks of negotiations between the united states and mexico their agreement no
united states because it was a rip off. the now after agreement was signed twenty four years ago between the united states mexico and canada it saw many manufacturing jobs move south to mexico as a result where labor was cheaper one of the worst trade deals ever on the campaign trail trump promised to renegotiate nafta and bring back jobs particularly in the auto sector the new deal will require seventy five percent of an american car to be made in mexico or the united states up from sixty two...
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victory for president trump because he's been trying to keep labour in the united states and stop the kind of flow of companies to mexicocheaper labour there. and the united states also compromised to getting rid of a key demand which was to have the deal renegotiated every five years. that was something that mexico and canada did not want. they didn't think it would lead to a proper kind of future for businesses to plan their investments et cetera. and so that was the agreement that the united states and mexico reached. now, as you rightly pointed out, canada is stilljust getting into talks this week on their part of the deal. and so it certainly is premature when you think of nafta as we know it. but the united states and mexico have also said that they are willing to go alone if canada is not involved. that said, any deal would have to be approved by the us congress, and many leaders have said this has to be a trilateral agreement. that is nada tawfik, part of the tea m that is nada tawfik, part of the team in new york. toyota is investing $500 million in uber to jointly work on developing self—driving cars. it's a c
victory for president trump because he's been trying to keep labour in the united states and stop the kind of flow of companies to mexicocheaper labour there. and the united states also compromised to getting rid of a key demand which was to have the deal renegotiated every five years. that was something that mexico and canada did not want. they didn't think it would lead to a proper kind of future for businesses to plan their investments et cetera. and so that was the agreement that the united...
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victory for president trump because he's been trying to keep labour in the united states and stop the kind of flow of companies to mexicoeaper labour there. and the united states also compromised to getting rid of a key demand which was to have the deal renegotiated every five years. that was something that mexico and canada did not want. they didn't think it would lead to a proper kind of future for businesses to plan their investments et cetera. and so that was the agreement that the united states and mexico reached. now as you rightly pointed out, canada is stilljust getting into talks this week on their part of the deal. and so it certainly is premature when you think of nafta as we know it. but the united states and mexico have also said that they are willing to go alone if canada is not involved. that said, any deal would have to be approved by the us congress, and many leaders have said this has to be a trilateral agreement. bbc mundojournalist ana gabriela rojas is in mexico. i asked her about the reaction of the government there. here in mexico, the message is actually very clear, it has been seen as actually v
victory for president trump because he's been trying to keep labour in the united states and stop the kind of flow of companies to mexicoeaper labour there. and the united states also compromised to getting rid of a key demand which was to have the deal renegotiated every five years. that was something that mexico and canada did not want. they didn't think it would lead to a proper kind of future for businesses to plan their investments et cetera. and so that was the agreement that the united...
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there is a problem here and that's canada canada is a member of the trading block with the united states and mexico that's covered by nafta and that was what was meant to be renegotiated here a deal between the three countries now the united states has suggested that it could just do this deal bilaterally with mexico mexico first said that canada really needs to be part of this pact but then later on on monday the mexican foreign minister came out and said although be preferable to have canada than the united states and mexico could do a deal on their own looking at what mexicans now know is that in either of those scenarios there will be trade agreement between mexico and the united states independently on what happens with the negotiations with canada we now have to see if mitt incoming administration will hold the same view they described canada as indispensable to the deal but it does reflect the fact that about eighty percent of mexico's exports go to the united states the deal on the table at the moment might not be as beneficial to the country as before it might not have canada at the moment
there is a problem here and that's canada canada is a member of the trading block with the united states and mexico that's covered by nafta and that was what was meant to be renegotiated here a deal between the three countries now the united states has suggested that it could just do this deal bilaterally with mexico mexico first said that canada really needs to be part of this pact but then later on on monday the mexican foreign minister came out and said although be preferable to have canada...
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principal trading partner by far about eighty percent of mexico's exports go to the united states so it really needed to be a deal this deal might not be is beneficial to mexico indeed it probably isn't as the nafta deal that's been in place now since the ninety's but it is a deal after a period of economic uncertainty with president trump sort of threatening all sorts of things for those definitely an upbeat message about now obviously the other thing going on here is canada the nuff the trade deal was mexico the united states and canada that was what was meant to be renegotiated now in the conversation that you had a bit of in kimberly's report there president trump was musing on just having a bilateral deal with mexico and then maybe later on we come to that school the way through said that's not what it wants it said that it wants kind of there in this part of the seem very much the junior partner here to the united states so it has kind of the as well as a potential ally in some leverage against the united states if that should be needed so let's go in the mix can president i
principal trading partner by far about eighty percent of mexico's exports go to the united states so it really needed to be a deal this deal might not be is beneficial to mexico indeed it probably isn't as the nafta deal that's been in place now since the ninety's but it is a deal after a period of economic uncertainty with president trump sort of threatening all sorts of things for those definitely an upbeat message about now obviously the other thing going on here is canada the nuff the trade...
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this is something very positive for the united states and mexico . reason for this call is to celebrate the understanding we have had between negotiating teams and nafta. the interest we have had for to renewew months now it, to modernize it, to updated -- update it. framework that would improve productivity in north america. it is our wish, mr. president, that now, canada will be able to be incorporated in this. i assume we are going to carry out negotiations on the sensitive issues between canada and the united states. i am grateful, mr. president, i willnize your political and your participation in this. and, at the same time, i want to bear my testimony to both , especiallyteams the team that is headed and led by mr. robert lighthizer. and also, the support we have had from the white house through and i also extend this recognition to the mexican .eam they are listening to you and are close to you now. the foreign minister and the secretary of the economy minister. this has been a negotiation that has taken months. it has been a hard negotiation
this is something very positive for the united states and mexico . reason for this call is to celebrate the understanding we have had between negotiating teams and nafta. the interest we have had for to renewew months now it, to modernize it, to updated -- update it. framework that would improve productivity in north america. it is our wish, mr. president, that now, canada will be able to be incorporated in this. i assume we are going to carry out negotiations on the sensitive issues between...
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united states. since nafta took affect us manufacturing has gone up, automobile manufacturing has gone up and that is important because supply chains impact canada, mexico and the are the ones that can take advantage of the best parts, the best inputs across the world. we need to move that direction. there is concern if you get too complicated with regulations, this much high-value labor can get complicated and harder to do business. that is one of the details i need to take a look at to pay attention to. >> the trade agreement, canada is back into this, and -- and the united states, and the congress weizen as well. i think the real win is if you follow what rested -- president reagan was in 1979 when he proposed it, if you are an american it should be easier to do business with people in canada and mexico. it should be if you live in nebraska, easier to do business with someone in mexico as it is with somebody in north dakota. moving in that direction will we move in that direction with more economic freedom or not and that is why the deal is so important. rob: we got to do china, and everywhere else. jillian: all lies on arizona and florida. polls are
united states. since nafta took affect us manufacturing has gone up, automobile manufacturing has gone up and that is important because supply chains impact canada, mexico and the are the ones that can take advantage of the best parts, the best inputs across the world. we need to move that direction. there is concern if you get too complicated with regulations, this much high-value labor can get complicated and harder to do business. that is one of the details i need to take a look at to pay...
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united states. because of the trade imbalance china and the united states cannot go tit for tat dollar for dollar. because of the negotiations happening between mexico and the united states, i believe they are look at cars and auto parts as a way to try and really utilize this opportunity in time as a point of leverage. we'll see what happens with the mexico-united states negotiations. this isn't just nafta. it's just mexico and the united
united states. because of the trade imbalance china and the united states cannot go tit for tat dollar for dollar. because of the negotiations happening between mexico and the united states, i believe they are look at cars and auto parts as a way to try and really utilize this opportunity in time as a point of leverage. we'll see what happens with the mexico-united states negotiations. this isn't just nafta. it's just mexico and the united
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don't look at the top stories making news here now jazeera united states and mexico have agreed to overhaul the north american free trade agreement known as nafta u.s. president donald trump says he's open to revising and renaming the deal but henschel new united states mexico trade agreement excludes the third nafta partner canada this is something that's very special for our manufacturers and for our farmers from both countries for all of the people that work for jobs it's also great trade and it makes it a much more fair bell and we are very very excited about it you know as nations investigators say myanmar's top military generals should be investigated and prosecuted for genocide against they were injured in rakhine state several army commandos are named as being responsible for atrocities we have examined the period since two thousand and eleven the violations we have identified during this period are part of a history of abusive military conduct going back at least half a century big continual repetition is the result of the complete immunity accorded to the military commanders and t
don't look at the top stories making news here now jazeera united states and mexico have agreed to overhaul the north american free trade agreement known as nafta u.s. president donald trump says he's open to revising and renaming the deal but henschel new united states mexico trade agreement excludes the third nafta partner canada this is something that's very special for our manufacturers and for our farmers from both countries for all of the people that work for jobs it's also great trade...
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while that happened, canada and mexico and the united states in various stages continued discussions da -- i'm sorry, the yieunited statesd mexico have arrived at a deal with a number of the issues that were outstanding. let's listen in to the president. >> hello, everybody. it's a big day for trade. big day for our country. a lot of people thought we would never get here because we all negotiate tough. we do. so does mexico, and this is a tremendous thing. this has to do with nafta. we're going to call it the united states/mexico trade dpreemt agreement. we'll get rid of the name nafta. it has a negative connotation. the united states was hurt by nafta. this is a really good deal for both countries. we look forward it. i believe as the president is on the phone, enrique? >> you can hook him up. >> you tell me when. >> hello? >> do you want to put that on this phone, please? hello. be helpful. >> president trump. >> thank you. >> president trump, how are you? good morning. >> thank you, enrique. congratulations. it's fantastic. your brilliant representatives are sitting in front of me
while that happened, canada and mexico and the united states in various stages continued discussions da -- i'm sorry, the yieunited statesd mexico have arrived at a deal with a number of the issues that were outstanding. let's listen in to the president. >> hello, everybody. it's a big day for trade. big day for our country. a lot of people thought we would never get here because we all negotiate tough. we do. so does mexico, and this is a tremendous thing. this has to do with nafta....
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under the 70% of a car, talking about autos has to be auto zone, free-trade zone, canada, mÉxico and the united statesada signs on. 40% of a car or 45% of a light truck will be have to be made by workers making $16 an hour or more. the mexican economy minister says mÉxico can do that because the way it's worded that the average wages will be spread across the entire car to be made. >> the new rule parts of the cars that were being made in japan, in china, other places, now those have to be made in north america, so you are going to increase the size of the cake, now, from that increased cake, 60% can be made in any way some which includes mÉxico, 40% will be split between canada and the u.s. >> finally the mexican economy minister believes that financially canada will have to sign onto this agreement, he says that there's a financial incentive for them and remains important goal for mÉxico to include canada even though the president has briefly renamed this the united states-mÉxico trade agreement. >> the president was very creative trying to anticipate names for this agreement and obviously the agree
under the 70% of a car, talking about autos has to be auto zone, free-trade zone, canada, mÉxico and the united statesada signs on. 40% of a car or 45% of a light truck will be have to be made by workers making $16 an hour or more. the mexican economy minister says mÉxico can do that because the way it's worded that the average wages will be spread across the entire car to be made. >> the new rule parts of the cars that were being made in japan, in china, other places, now those have to...
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and mexico. 0f will play out in the united states and mexico. ommunity don't think an agreement with just the united states and mexico is sufficient to replace nafta. the german chancellor, angela merkel, has condemned violent attacks by far—right protesters in the eastern city of chemnitz, where police are tackling a second night of demonstrations. hundreds of people have taken to the streets and attacked anyone they believed to be foreign after a german man was stabbed to death. a syrian man and an iraqi man have been arrested on suspicion of murder. it has just called in a quarter past 11. -- it has just called in a quarter past 11. —— dawn. — gone. the headlines on bbc news: the united nations says military leaders in myanmar should be investigated for genocide against the country's rohingya muslims. west midlands police are searching for 21—year—old janbaz tarin in connection with the double murder of a mother and her daughter on the streets of solihull in the early hours of this morning. food prices are expected to rise in the coming months
and mexico. 0f will play out in the united states and mexico. ommunity don't think an agreement with just the united states and mexico is sufficient to replace nafta. the german chancellor, angela merkel, has condemned violent attacks by far—right protesters in the eastern city of chemnitz, where police are tackling a second night of demonstrations. hundreds of people have taken to the streets and attacked anyone they believed to be foreign after a german man was stabbed to death. a syrian...
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we'll call it the united states-mexico trade agreement. we'll get rid of the name nafta. that has a bad connotation because the united states was hurt very badly by nafta. it wasn't from any standpoint that something most people thought was even doable when we started if with you look at it from the beginning many people thought this was something that couldn't happen because of all the difficult factions, all of the difficult sides and the complexity. and we made it much simpler, much better, much better for both countries. liz: markets closing in record territory again as the u.s. and mexico tentatively agree to a new trade deal. canada is now scrambling. will trump get a deal with canada. he is saying deal with us or we will tax you. we're on the story. >>> colleagues honoring the life and legacy of senator john mccain on the floor of the senate today. north dakota senator john hoeven will join us. >>> iran, this is a big market story, threatening, saying it has full control of both the persian gulf and the strait of hormuz but does it? what exactly is going on inside o
we'll call it the united states-mexico trade agreement. we'll get rid of the name nafta. that has a bad connotation because the united states was hurt very badly by nafta. it wasn't from any standpoint that something most people thought was even doable when we started if with you look at it from the beginning many people thought this was something that couldn't happen because of all the difficult factions, all of the difficult sides and the complexity. and we made it much simpler, much better,...
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of this predictable still many issues with mexico haven't been resolved, and of course canada has to come in >> stay with us. joining us, former united states trade representative carla hills that negotiated the original nafta agreement. ambassador hills, from the news we're getting out of d.c., your view of this updated agreement once known as nafta between the u.s. and mexico? >> well, i'm certainly hopeful we get a good agreement, the agreement is 25 years old and needs to be upgraded so i have my fingers crossed that we've done a good job and are going to get to nafta 2.0. >> in terms of negotiations between the u.s. and canada, what do you see as the biggest sticking points, and do you think those negotiations can be hammered on and hammered out quickly? >> again, my hope is that there's so much benefit for all three nations to keep synchronized supply chains intact we have so many jobs and our economy is so hinged to the north american competitiveness that i hope we keep going. canada will want some things the united states has indicated it cannot give. and i don't know, we're all just guessing canada wants to keep chapter 19 which de
of this predictable still many issues with mexico haven't been resolved, and of course canada has to come in >> stay with us. joining us, former united states trade representative carla hills that negotiated the original nafta agreement. ambassador hills, from the news we're getting out of d.c., your view of this updated agreement once known as nafta between the u.s. and mexico? >> well, i'm certainly hopeful we get a good agreement, the agreement is 25 years old and needs to be...
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now it's up to canada as the united states and mexico sealed a new trade deal the other partner and the trade deal formally known as nafta is tight lipped about whether it will sign off on the program italy wants to take on even more debt to finance ambitious social spending plans but who's buying and plastic bag. can be terrible for the environment and some countries have taken the lead and banning them but it might not be who you think. this is the business i'm krista of. the program at times the months long ago she seemed to be advancing at glacial pace but now the trump administration and mexico have reached a preliminary deal to replace the north american free trade agreement the deal so far known as nafta had drawn harsh criticism by the u.s. president calling it a job killer with much of the details still need to be hammered out the u.s. president already promises that it will have manufacturers and farmers on both sides of the border. donald trump welcomed the overhaul of the twenty four year trade pact as he suggested a new name for it if canada is not included. say. this has t
now it's up to canada as the united states and mexico sealed a new trade deal the other partner and the trade deal formally known as nafta is tight lipped about whether it will sign off on the program italy wants to take on even more debt to finance ambitious social spending plans but who's buying and plastic bag. can be terrible for the environment and some countries have taken the lead and banning them but it might not be who you think. this is the business i'm krista of. the program at times...
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we call it the united states mexico trade agreement, get rid of the name nafta. rob: it is tuesday, august 28th, sealing the deal, donald trump setting a new bilateral trade agreement with mexico. jillian: to canada, if you don't join the party will get punished. rob: bruce ohr on the hot seat. jillian: demanding the doj official in his wife admit they were part of an anti-trump conspiracy. rob: a safe space to get high. jillian: a lawmaker calling for free place to smoke pot. "fox and friends first" continues right now. ♪ jillian: all right, what do you think of this song? rob: fergie. it came up on the screen, the weirdest names for people, just sounding -- i don't think it is. even if she chose that as a nickname, even more so. jillian: you are watching "fox and friends first" on tuesday. rob: thanks for starting your day with us, demoted doj official bruce ohr headed to the hot seat, lawmakers returning a week early to grill them behind closed doors over his connection to the now infamous anti-trump garcia. jillian: doug luzader has more on the answers republ
we call it the united states mexico trade agreement, get rid of the name nafta. rob: it is tuesday, august 28th, sealing the deal, donald trump setting a new bilateral trade agreement with mexico. jillian: to canada, if you don't join the party will get punished. rob: bruce ohr on the hot seat. jillian: demanding the doj official in his wife admit they were part of an anti-trump conspiracy. rob: a safe space to get high. jillian: a lawmaker calling for free place to smoke pot. "fox and...
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disagree. >> the top om ed in wall street journal say basically this new agreement between united states and mexicoial board there saying they don't think it is a really good deal for the united states or for global markets. what's your reaction over there? >> well i think it is hard to know without knowing the the similar finer details still with that agreement. i think, i think anything that moves away from where we are right now is positive. pane if it can bring canada back to the table to continue nafta and you said next but keep in place a general step in the right direction ultimately that will pull pressure on the chinese come to the table. so -- >> craig thank you very much. >> thank you. thanks for watching fbn:am over dagen mcdowell. >> i'm dagen mcdowell in for maria bartiromo. august 28th your top stories at 6 a.m. eastern. done deal president trump announcing a new trade tax with mexico. deal set to help u.s. automake rs by enkowrlging manufacturing here at home. bigging day for our country. a lot of people thought we would never get here because we only negotiate tough. we do so does
disagree. >> the top om ed in wall street journal say basically this new agreement between united states and mexicoial board there saying they don't think it is a really good deal for the united states or for global markets. what's your reaction over there? >> well i think it is hard to know without knowing the the similar finer details still with that agreement. i think, i think anything that moves away from where we are right now is positive. pane if it can bring canada back to...
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not really willing to budge and that's why canada kind of shut things down well the united states negotiated with mexico that took five weeks martine to get that agreement between mexico and the united states so the fact that is now that they're trying to get this agreement between canada and the other players in just a matter of days seems in many respects an almost insurmountable goal but that is the goal that they have set forward so far all right kimberly thanks for that can really how could i want house correspondent live in d.c. . well south sudan's rebel leader ria match on has refused to sign the final peace deal with the government according to the foreign minister of sudan you'd been trying to mediate it was years of conflict would end after a breakthrough was reached with president salva care both sides had agreed to a power sharing deal and to end the fighting that agreement was made in the sudanese capital khartoum last month we can speak to him or morgan now our correspondent who's here with me in the studio but normally here of course you're based in juba what exactly is really objecting
not really willing to budge and that's why canada kind of shut things down well the united states negotiated with mexico that took five weeks martine to get that agreement between mexico and the united states so the fact that is now that they're trying to get this agreement between canada and the other players in just a matter of days seems in many respects an almost insurmountable goal but that is the goal that they have set forward so far all right kimberly thanks for that can really how...
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the headlines read as follows: we are going to call in the united states/mexico trade agreement. nteresting. mr. trump says it is a really good agreement for both countries. okay, got that. mr. trump calls mexico's president to congratulate him on the deal. reuters -- okay. that's according to reuters, that the president is talking to the president of mexico as we speak. but what intrigued me, kim, was that the president says this is going to be a u.s./mexico trade agreement, getting rid of the nafta name. where does that leave nafta and canada? >> well, look, this is going to be a big question of whether or not canada now feels enormous pressure to get onboard. and some of this is going to depend, let's see what the actual details are in the bill. the president's promise pall along was that -- all along was that if he resigned something, it was going to be more in america's trade benefit. you can expect people are going to be poring over those. qanta has been a holdout many particular on the idea of lowering tariffs on all sides, and that that's what i hope to see come out of in
the headlines read as follows: we are going to call in the united states/mexico trade agreement. nteresting. mr. trump says it is a really good agreement for both countries. okay, got that. mr. trump calls mexico's president to congratulate him on the deal. reuters -- okay. that's according to reuters, that the president is talking to the president of mexico as we speak. but what intrigued me, kim, was that the president says this is going to be a u.s./mexico trade agreement, getting rid of the...
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i think this is something very positive for the united states and mexico.for this call, mr. president, is first of all to celebrate the understanding we have had between both negotiating teams. on nafta. it's an interest we have had for quite a few months now. to renew it, to modernize it, to update it. and to generate a framework that will boost productivity in north america. it sois our wish, mr. president that now canada will also be able to be incorporated in all this. and i assume that they are going to carry out negotiations of the sensitive bilateral issues between mexico -- rather, between canada and the united states. and i am really grateful, mr. president. i want to say that i greatly recognize and acknowledge your political will and your participation in this. and i want to bear my testimony, mr. president, and my acknowledgement to both negotiating teams. especially the team that is headed and led by mr. robert lightheiter. and also the accompaniment and the support we get from the white house through jared kushner. and i also extend this recog
i think this is something very positive for the united states and mexico.for this call, mr. president, is first of all to celebrate the understanding we have had between both negotiating teams. on nafta. it's an interest we have had for quite a few months now. to renew it, to modernize it, to update it. and to generate a framework that will boost productivity in north america. it sois our wish, mr. president that now canada will also be able to be incorporated in all this. and i assume that...
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and mexico and then let canada work out an agreement with the united states. canada would need the u.s. more than mexico does in order for a deal with the mexicans. the canadians would have to fly over the united states in order to get products shipped through here. so it behooves canada to sort of sign on to this agreement which is what the administration is saying. basically once they have an agreement with mexico, they will present it to canada, you can sign on or not. the administration believing that canada will sign on because they need this agreement, they need the united states in order to get through to mexico trade agreement. connell: edward. good reporting. let us know if anything comes out at the mexican emba edward lawrence. to our panel, as we talk a little bit about the trade developments with mexico. with have susan li and sean o'hara. go to you, susan, in a moment on the canadian side which edward was just getting to, but sean, no ambiguity where the market stands on all of this. stocks were up before we knew any details or filled any blanks. j
and mexico and then let canada work out an agreement with the united states. canada would need the u.s. more than mexico does in order for a deal with the mexicans. the canadians would have to fly over the united states in order to get products shipped through here. so it behooves canada to sort of sign on to this agreement which is what the administration is saying. basically once they have an agreement with mexico, they will present it to canada, you can sign on or not. the administration...
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united states because it was a rip off. the now after agreement was signed twenty four years ago between the united states mexico and canada it saw many manufacturing jobs move south to mexico as a result where labor was cheaper one of the worst trade deals ever on the campaign trail trump promised to renegotiate nafta and bring back jobs particularly in the auto sector the new deal will require seventy five percent of an american car to be made in mexico or the united states up from sixty two percent workers making those vehicles must also be paid a minimum sixteen dollars an hour but missing from this latest agreement is canada will start negotiating with canada irrevocably soon they want to start they want to negotiate very badly. relations between the two countries have been frosty since trump slapped tariffs on canadian steel and aluminum canada's foreign minister will travel to the u.s. this week to restart negotiations but it's not clear canada will agree to the changes the nafta changes still need to be approved by the u.s. congress follows weeks of negotiations between the united states and mexico their agreement
united states because it was a rip off. the now after agreement was signed twenty four years ago between the united states mexico and canada it saw many manufacturing jobs move south to mexico as a result where labor was cheaper one of the worst trade deals ever on the campaign trail trump promised to renegotiate nafta and bring back jobs particularly in the auto sector the new deal will require seventy five percent of an american car to be made in mexico or the united states up from sixty two...
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i want to take a closer look at what is in this agreement between the united states and mexico. again, it's not a replacement to nafta, it's an agreement in principle, if you will. the deal requires that 75% of a car's parts must be made in the united states and mexico in order to avoid tariffs. this is up from roughly 62.5% right now. 40% to 45% of those parts must be made by workers earning at least $16 an hour. that means that some mexican workers could get a raise as autoworkers there are paid less than their american counterparts. it could also mean some workers lose their jobs and some jobs come to the united states. in addition, if this is approved by congress, and it has to be, tariffs on agricultural products will go back to what they were under nafta, generally zero. and the trade deal calls forrin sent i'ves for increasing production of textiles and clothing in the united states and mexico. the u.s. and mexico hope to reach a three-way deal with canada by the end of this month. it remains to be seen if canada will agree to the terms of this deal or reach its own separa
i want to take a closer look at what is in this agreement between the united states and mexico. again, it's not a replacement to nafta, it's an agreement in principle, if you will. the deal requires that 75% of a car's parts must be made in the united states and mexico in order to avoid tariffs. this is up from roughly 62.5% right now. 40% to 45% of those parts must be made by workers earning at least $16 an hour. that means that some mexican workers could get a raise as autoworkers there are...
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. >> maybe the largest deal i've ever made, we're going to call it the united states-mexico trade agreement. we'll get rid of the name nafta. has a bad connotation because the united states was hurt very badly by nafta. >> whether this was sort of a, you know, press release we have to see. >> we did what the president's objectives were which was to rebalance the relationship, modernize it and create more access. and now we'll turn to canada and hopefully get canada onboard. >> clock's ticking to get canada onboard. needs to be done by friday for reasons we'll discuss later in the show. but today the president and the white house are picking up the pieces after a massive problem honoring senator john mccain. the white house spent the morning as one of the full buildings flying the american flag at full staff. the president chose to stay silent on a dead american hero. the president seemed so anxious to turn the page on a new narrative he brought the press into the office to announce a trade announcement that wasn't actually a full trade deal and even before they had time to properly setup a
. >> maybe the largest deal i've ever made, we're going to call it the united states-mexico trade agreement. we'll get rid of the name nafta. has a bad connotation because the united states was hurt very badly by nafta. >> whether this was sort of a, you know, press release we have to see. >> we did what the president's objectives were which was to rebalance the relationship, modernize it and create more access. and now we'll turn to canada and hopefully get canada onboard....
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mexico. keep in mind one of the things. one is the auto pact. for months and months and months, the united statesxico couldn't find a solution around what donald trump wanted. he wants more auto jobs in the united states. that means canadian workers have to make more money. that seems to be in this deal. in terms of the north american content the actual parts of a vehicle that actual three come to north america, that's come up to 75% now. all good. there is a sunset clause, which was a deal breaker for both mexico and canada. mexico at least has agreed to say look, okay, we have moved the -- they say we have moved the united states on this. they don't have to have -- the trump administration agreed to review the is upset clause every year but it won't automatically die. these are major issues that have been settled and it is significant but it is not a threeway deal. >> pena nieto who is outgoing was on the phone with trudeau. >> and trudeau said he is willing to the agree to the erms of this deal if it's good for the middle class. mexico is not on board unless canada is involved as well. >> watc
mexico. keep in mind one of the things. one is the auto pact. for months and months and months, the united statesxico couldn't find a solution around what donald trump wanted. he wants more auto jobs in the united states. that means canadian workers have to make more money. that seems to be in this deal. in terms of the north american content the actual parts of a vehicle that actual three come to north america, that's come up to 75% now. all good. there is a sunset clause, which was a deal...
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we will call it the united states mexico trade agreement. we will get rid of the name nafta. has a bad connotation because the united states was hurt that they buy it for many years. it's a really good deal for both countries. mark: mark: the president made the comments after he calls an understanding with mexico the could lead to an overhaul of the trade pact. the president called it a job killing disaster. congressional democrats will not say whether they think that president trump has committed impeachable offenses, but they are promising vigorous investigations if the party regains control of the house in november. republicans have seized on the threat of impure -- impeachment to fuel turnout in the midterms. italy is threatening to veto the european union budget over migration policy. the italian government is unhappy to use members fail to follow through on a deal reached the floodr handling of migrants. the italian deputy prime minister says the country will cut whatever budget measures are not convenient. north korea is accusing the u.s. of staging military drills fore
we will call it the united states mexico trade agreement. we will get rid of the name nafta. has a bad connotation because the united states was hurt that they buy it for many years. it's a really good deal for both countries. mark: mark: the president made the comments after he calls an understanding with mexico the could lead to an overhaul of the trade pact. the president called it a job killing disaster. congressional democrats will not say whether they think that president trump has...
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the markets soaring after president trump announces -- he's calling the new united states-mexico agreement. but he's certainly saying he's ending nafta because u.s. was hurt very badly by that deal. president trump keeping campaign promises. one of the biggest deals he made was on trade. even by the end of this week, canada. the president says all of these negotiations are intended to help the american worker. president trump: this is something that's very special for our manufacturers and farmers, all the people that work for jobs. it's great trade and it makes it a much more fair bill. the farmers will be so happy. they have stuck with me. i said we were going to do this. mexico's promise to immediately start purchasing as much farm product as they can. they are going to work on that very hard. charles: here now to discuss, hadley heath manage. kayleigh mcenany, and gillian melchoir. kayleigh, a promise made, a promise kept. this is a big one. >> it comes on the heels of the south korea trade deals, the promise by the e.u. we'll get to zero on tariffs is extraordinary. particularly the p
the markets soaring after president trump announces -- he's calling the new united states-mexico agreement. but he's certainly saying he's ending nafta because u.s. was hurt very badly by that deal. president trump keeping campaign promises. one of the biggest deals he made was on trade. even by the end of this week, canada. the president says all of these negotiations are intended to help the american worker. president trump: this is something that's very special for our manufacturers and...
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there is a deal now between the mexico and the united states, the president saying he will terminate the name nafta on the deal and call it the united states-mexico agreement. i can tell you that the mexico dell nation told me there is a number, a lot of bilateral agreements manufacturing, textiles, medical equipment, and going down to agriculture, talking about new technologies like gene editing in the plants. the mexican delegation saying there are a number of trilateral parts of this too. listen how they say they would like to see it continue. listen. >> we have an agreement where both, with canada and with mexico. i will terminate the existing deal. when that happens, i can't quite tell you. it depends on what the timetable is with congress but i will be terminating the existing deal and going into this deal. we'll start negotiating with canada relatively soon. reporter: and you heard the president there, they're going to start negotiating soon. the pecs can foreign minister -- mexican foreign minister says canada needs to be a partner with it. >> there we hope to have much better
there is a deal now between the mexico and the united states, the president saying he will terminate the name nafta on the deal and call it the united states-mexico agreement. i can tell you that the mexico dell nation told me there is a number, a lot of bilateral agreements manufacturing, textiles, medical equipment, and going down to agriculture, talking about new technologies like gene editing in the plants. the mexican delegation saying there are a number of trilateral parts of this too....
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that the united states is not apart of of covers 600 million people and one-third of the world's economy. here is what's in the deal. 75% of autoparts must be made in the united states and mexico. that's up from around 62 in change, it is hard to do a direct comparison because right now you got canada, the united states and mexico and the deal. there are no mexican car companies and canadian car companies. the supply chain is really integrated. the president said he can just impose taxes on auto and canada. that was not true to the point that jake were making. 40% to 45% of autoparts must be make by workers earning a minimum of $16 an hour. this is really the issue. canadian and american automakers making less than this. if it is not a massive discount to make your stuff in mexico, maybe you will keep the plan in texas or canada. here is what happens. if this deal goes through, they'll send the letter to congress and they got 90 days to deal with it. if it were to go through, all the tariffs they have been putting on u.s. agriculture and american agriculture will go away. it will revert back to the status quo which is under nafta and no tariffs between these things between the
that the united states is not apart of of covers 600 million people and one-third of the world's economy. here is what's in the deal. 75% of autoparts must be made in the united states and mexico. that's up from around 62 in change, it is hard to do a direct comparison because right now you got canada, the united states and mexico and the deal. there are no mexican car companies and canadian car companies. the supply chain is really integrated. the president said he can just impose taxes on...
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this deal is between the united states and mexico, which would put the pressure on prime minister of canada to do something with the united states t was donald trump's way of saying, your move. after this. you wouldn't accept an incomplete job from any one else. why accept it from your allergy pills? flonase sensimist relieves all your worst symptoms, including nasal congestion, which most pills don't. and all from a gentle mist you can barely feel. flonase sensimist. designed to save you money. wireless network whether you use your phone to get fit. to find meaningful, thoughtful, slightly-weird gifts. or just to know which way you're facing right now. however you use it, your wireless bill is about to cost a whole lot less. ask how you get xfinity mobile included with your xfinity internet. so you just pay for data -- by the gig or unlimited. saving you hundreds of dollars a year. plus, get $300 back when you buy a new smartphone. xfinity mobile. it's simple. easy. awesome. click, call or visit a store today. it's a revolution in sleep. the new sleep number 360 smart bed is on sale
this deal is between the united states and mexico, which would put the pressure on prime minister of canada to do something with the united states t was donald trump's way of saying, your move. after this. you wouldn't accept an incomplete job from any one else. why accept it from your allergy pills? flonase sensimist relieves all your worst symptoms, including nasal congestion, which most pills don't. and all from a gentle mist you can barely feel. flonase sensimist. designed to save you...
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lou: 75% for the united states and mexico. what happened to forget the steering wheel and mexico gets the rest of the car? >> well, the rules of origin our 62.5% and much less than now when they are imposed. what we are going to do here is make sure we get 75% between the two countries and when we add basically the labor provisions, that will distribute this fairly between the two countries. here is the thing, lou, what we are doing here is bringing back our auto parts industry, auto industry from the rest of the world, which has been stealing it from both mexico and the united states has some of their own unfair trade practices. this is a rebalance the works are both countries countries. that's the beauty of this deal. the tray should be very happy tonight as well as the rest of the country. other industries will benefit, chemicals for example. lou: what i hear you saying is there's still more work to be done in terms of negotiating the balanced aspect of this trade relationship $71 billion now, something around 17 billion wi
lou: 75% for the united states and mexico. what happened to forget the steering wheel and mexico gets the rest of the car? >> well, the rules of origin our 62.5% and much less than now when they are imposed. what we are going to do here is make sure we get 75% between the two countries and when we add basically the labor provisions, that will distribute this fairly between the two countries. here is the thing, lou, what we are doing here is bringing back our auto parts industry, auto...
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mexico trade agreement would be -- so that's not that elegant. let's take a look at what's in the agreement between the united states and mexico. tomobile parts must be made in the united states and mexico in order for a car to avoid tariffs. that's up from approximately 62.5%. 40% to 45% of those parts must be made by workers earning a minimum of $16 per hour. not an average, a minimum. that means that some mexican workers could get a raise as auto workers there are made less. in addition, if this agreement is approved by congress, tariffs will return to zero, which is how they were under nafta before donald trump started this trade war. the deal calls for incentives for increasing textile and clothing in the united states and mexico. u.s. and mexico hope to reach a three-way deal with canada by the end of this week, but it remains to be seen if canada will agree to this deal or reach to its own deal with the united states. they hope canada will agree to the terms by friday because the house formally plans to notify congress that trump will sign the deal. congress has 90 days to approve it. we will discuss why the president's n
mexico trade agreement would be -- so that's not that elegant. let's take a look at what's in the agreement between the united states and mexico. tomobile parts must be made in the united states and mexico in order for a car to avoid tariffs. that's up from approximately 62.5%. 40% to 45% of those parts must be made by workers earning a minimum of $16 per hour. not an average, a minimum. that means that some mexican workers could get a raise as auto workers there are made less. in addition, if...
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he says to do they used to call it a nap they were going to call it the united states mexico trade agreement it will get rid of the name nafta has a bad connotation because united states was hurt very badly by now for many years and now it's a really good deal for both countries u.s. negotiators were pushing for a sunset clause requiring renewal of the deal every five years but the mexican side succeeded in adding a clause that would give it a sixteen year lifespan with the review every six years the two countries also agreed that seventy five percent of a product must be made in the u.s. or mexico to receive tax free status trump said a trilateral deal with canada is still possible but it's likely that ottawa will have to agree to new terms on the automotive sector he has put the car industry at the heart of his drive to overhaul the trade pact will start negotiating with canada relatively soon they want to start they want to negotiate very badly. but one way or the other we have a deal with italy that be a tariff on cars were will be a negotiated deal. and frankly a tariff and course is a
he says to do they used to call it a nap they were going to call it the united states mexico trade agreement it will get rid of the name nafta has a bad connotation because united states was hurt very badly by now for many years and now it's a really good deal for both countries u.s. negotiators were pushing for a sunset clause requiring renewal of the deal every five years but the mexican side succeeded in adding a clause that would give it a sixteen year lifespan with the review every six...
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united states. let's blame it mexico for all of our problems in the united states. this is ridiculous. ome legislators in mexico, some legislators especially at the level of theh state of guerrero where the puffy bulbs are produced, and bylb the way, most of the production goes for the terminallyth ill, not to the united states. you have one legislator in mexico, lower-level legislators that are talking about legalizing drugs. my friend, we have them in colorado, also, and other areas of the united states. would you choose not to believe in legalizing drugs. we have a terrible problem in the united states with the consumption of drugs. it's our problem, we need to solve it in the united states and not blame it on mexico. >> tucker: i want to be rational about this but i would save a couple things. i don't believe it's just some legislator in an obscure mexican state, i think the new mexican president has set out loud and on camera that he's open to this idea. i think that is right, correct me if i'm wrong. also marijuana is not heroin, heroin has a demonstrated ability to override free
united states. let's blame it mexico for all of our problems in the united states. this is ridiculous. ome legislators in mexico, some legislators especially at the level of theh state of guerrero where the puffy bulbs are produced, and bylb the way, most of the production goes for the terminallyth ill, not to the united states. you have one legislator in mexico, lower-level legislators that are talking about legalizing drugs. my friend, we have them in colorado, also, and other areas of the...