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28 September 2018, 01:08 | Vera Richards
President Donald Trump speaks during a news conference Wednesday Sept. 26 2018 in New York. Mary Altaffer AP
"His tariffs are too high and he doesn't seem to want to move and I've told him forget about it", Trump said of Trudeau.
"That's the mother lode".
"That's the motherload, that's the big one", Trump told reporters.
Canadian Prime Minister Justin Trudeau has indicated he may be willing to jump on a deal with the USA and Mexico, but time is running out.
Trump went on to say that the USA will be taxing cars coming in from Canada because the United States is "very unhappy" with the current NAFTA negotiations. It's the first time in his presidency Trump has clearly voiced support for creating separate Israeli and Palestinian nations.
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In his first public comments since U.S. President Donald Trump's fiery press conference in which cast serious doubt on the fate of NAFTA, Prime Minister Justin Trudeau defended the Canadian negotiators and said a deal is still possible. "I mean Mexico has 25 percent of our oil business now because of NAFTA", said Trump.
Canada is now continuing NAFTA negotiations with the US. My job is very simple.
"She stands up for Canadians' interests and our workers", said Environment Minister Catherine McKennna.
Trump's comments on Wednesday made it clear he wasn't expecting any breakthrough in the coming days.
The administration is looking to inform Congress of a plan for a new North American trade agreement by Sunday, which would allow Mexican President Enrique Peña Nieto to sign it on November 30, his last day in office. "I think Canada would like to be in the agreement, I think the USA would like them in the agreement", he said. A number of lawmakers from both parties have pleaded with the White House to try to ensure Canada remains in the talks. He said he would impose tariffs on all of Canada's automotive and auto part imports if they don't agree to unrelated changes to NAFTA. "Canada has treated us very badly".
Observers say the patience of USA lawmakers is waning, particularly with a good deal with Mexico on the table.
"The fact is, Canada is not making concessions in areas where we think they're essential", US Trade Representative Robert Lighthizer said in NY on Tuesday, as quoted by The Hill. "Frankly, we're thinking of just taxing cars that come in from Canada".
At 4.09pm local time (9.09pm BST), the Canadian dollar was trading 0.5 percent lower against the United States dollar at 1.3018, or 76.82 USA cents.
The deal, if enacted, would not be almost as disruptive as what Trump has long threatened, to get rid of NAFTA, which he claimed had cost thousands of auto industry jobs. "This president has always been a bit of a showboat and I think Canadians have become accustomed to this". "I refuse to use it". It's been very bad for the United States.
Earlier Wednesday, Trudeau appeared to give a gentle nudge to the president's trade ambassador, saying Trump had insisted repeatedly that punitive American tariffs on steel and aluminum wouldn't be an issue under a new NAFTA.
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