Canadian Foreign Minister Chrystia Freeland said told reporters after a two-and-a-half-hour meeting with U.S. Trade Representative Robert LighthizerRobert (Bob) Emmet LighthizerMcConnell urges GOP senators to call Trump about tariffs Companies brace for trade war MORE that a deal is "eminently possible" but said she would not negotiate the pact in public, the CBC reported. They will reconvene on Friday morning.
In an interview with Canada's Global News network published on Sunday, Freeland declined to discuss specific issues in the talks and noted that Kudlow is "not at the negotiating table".
So far, Canada has been unable to obtain a guarantee from the United States that Canadians would not be hit with punitive USA auto tariffs if Ottawa agrees to a new NAFTA deal with Washington.
Canada is the United States' second-largest trading partner, with US$673 billion in total goods and services crossing the border in 2017.
"The mood is cooperative and it's positive".
Canadian officials have said they are working on the assumption that they have until the end of September to make a deal.
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In his tweets, Trump claimed that there was "no political necessity to keep Canada in the new NAFTA deal".
U.S. President has set a Friday deadline for the three countries to reach an in-principle agreement, which would allow Mexican President Enrique Pena Nieto to sign it at the end of November. But Larry Kudlow, the director of U.S. President Donald Trump's National Economic Council, suggested Friday that Canada isn't offering enough. He said Canada and the United States spent a lot of time last week reconciling what the USA and Mexico had already agreed upon. The United States is seeking to water down or eliminate Chapter 19, which provides for binding arbitration decisions to settle disputes.
Trudeau has said Canada could be willing to be flexible on dairy.
Canada has reportedly offered to make concessions to its protected dairy industry, which has come under repeated attack from Trump, in an effort to retain Chapter 19.
Trump almost tore up the NAFTA pact a year ago after visiting farmers in Wisconsin, a major US dairy producer that Washington says has been hurt by Canadian protectionism.
Dairy farmers, who number about 11,000, have an outsized influence in Canadian politics, being concentrated in the vote-rich provinces of Ontario and Quebec. Freeland said she would meet with Lighthizer when negotiators found issues that needed to be elevated to the ministerial level. But a deal without Canada has virtually no chance of being passed, Mulroney said. While China/US tensions have seemed to support the dollar, with the US seeing as to have the upper hand, NAFTA progress should be CAD and commodities which would ultimately weigh on the greenback and potentially lift the price of gold - well, at least that is what we have seen in the late hours of US trade.