Mexico readies for worst as 4th round of NAFTA talks open
00:16, Oct 14, 2017
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Three people who were briefed on the matter said that the USA rules of origin proposal would put these materials on the North American Free Trade Agreement's auto parts tracing list for the first time.
Washington has dramatically increased tensions in talks to renew the North American Free Trade Agreement by proposing that the lifespan of any new deal be limited to five years, people familiar with the negotiations said on Thursday. Mexican sources denounced it as "absurd" and unacceptable, underlining the gaps between NAFTA's three members as they try to wrap up a deal by a year-end deadline.
Although sources briefed on the talks describe the mood as sour, Mexican and Canadian politicians say there is no question of leaving the table for now.
Business and farm groups say abandoning the 23-year-old pact would wreak economic havoc, disrupting cross-border manufacturing supply chains and slapping high tariffs on agricultural products. Other sources briefed on the talks said the proposal includes raising the threshold for overall North American value content for cars, trucks and large engines to 85 percent from the current 62.5 percent and a first-ever USA -specific content requirement of 50 percent.
Canada and Mexico want their companies to be able to bid on more US federal and state government contracts, but this is at odds with Trump's "Buy American" agenda.
Dziczek and auto industry groups say that the USA content proposal is likely to backfire, with automakers and suppliers simply choosing to pay the 2.5 percent US tariffs for passenger cars and many parts, sourcing more of them from China and other low wage countries in Asia.
Trump administration officials complain the current content rules are too lax and have allowed auto companies to build more autos in Mexico, where wages are much lower. They are also seeking to halt the shift of vehicle production and jobs to Mexico from the United States.
Meade's comments drove the peso to a almost five-month low of 18.92 against the dollar, a fall of more than 1 percent in the session.
The comments came as negotiators from the three countries meet in the United States for their latest round of what Trump vowed would be tough talks on a new version of NAFTA. With that in mind, he said he's warned USA trade representative Robert Lighthizer to tread carefully around the sector.
Emphasizing on the security issues, AAP's spokesperson said: "Delhi Police has completely failed in providing safety to public". Currently, an AAP volunteer Vandana belonging to party's media cell was using the vehicle , according to DCP (Central Delhi ).
It was restructured by Congress past year in a bill that also created an control board with oversight over the island's finances. Creative bankruptcy lawyers could "try to argue that the debts of Puerto Rico should be debts of the federal government".
Alberta Premier Rachel Notley says TransCanada's decision to pull the plug on the Energy East pipeline is "unfortunate". Last month the company revealed that it was suspending efforts to get regulatory approval.
He disagreed with the European Commission's statement on Monday that events in Catalonia were an internal issue for Spain. That police action was met with furious protests and the Catalan regional police were accused of failing to intervene.
The cast certainly put their best foot forward, but this episode felt like a shaky beginning for the late night sketch series. We have waited for long enough and finally the hilarious sketch comedy show is bringing back new episodes as of today.
Kane isn't just risky in the Premier League , but the Englishman has been knocking in the goals in the Champions League . Harry Kane will be buoyed to perform after recording his season's first hattrick in the Champions League game.
Tens of thousands of acres have burned in multiple wildfires in Napa County Monday morning, Cal Fire officials said . Firefighters were also battling a 50-acre grass fire on Highway 37 between Lakeville Highway and Highway 121.
Authorities say the suspect in the shooting was later found dead of a self-inflicted gunshot wound on the fifth floor. Carpenter Robert Pagan said he was working in the building when he heard gunfire and ran to help.
He urged followers to "intensify one attack after another against the infidels", following a spike in global terror attacks. Paddock reportedly killed himself as police moved in on the 32nd-floor hotel room he was using to shoot down on the crowd.
Following the completion of the transaction, the director now owns 11,442 shares of the company's stock, valued at $65,562.66. A low number in the 1-2 range typically indicates a Buy, 3 represents a Hold and 4-5 represents a consensus Sell rating.
This is far from the first attempt at Palestinian reconciliation - and Hamas will want something in return for concessions. Officials on both sides said the more hard issues will be addressed at the upcoming talks in Cairo.
Max Verstappen wins the 2017 Malaysian Grand Prix
And Vettel continued his criticism of the former Scuderia favourite after the race, adding: "Fernando chose to jump in the middle. Mercedes driver Lewis Hamilton finished in second place, while Verstappen's team mate Daniel Ricciardo took third place.
Hurricane Lee remnants to usher in heavy rain and gales
The National Hurricane Center's official forecast cone has Maria passing off the coast of the Carolinas early to mid-week. A Tropical Storm Warning is in effect for the Albemarle and Pamlico Sounds, according to the National Hurricane Center .
Leading Off: Red Sox, Rockies try to clinch, Stanton near 60
Houston is one game behind Cleveland for the AL's best record, and there's little mystery about what's made the Astros so good. The concept of a bullpen game in the postseason may seem far-fetched but so is expecting to win with Porcello or Fister.