Trump Needs a Win on Nafta, Says Asian Trade Center's Elms

The transcript discusses the urgency in finalizing the NAFTA deal, driven by the Trump administration's need for a trade victory before the midterm elections and the upcoming change in the Mexican administration. The negotiations have shifted from trilateral to bilateral talks, with Canada needing to catch up. The Trump administration is eager to conclude NAFTA to focus on trade issues with China. The rush is typical in trade negotiations, which often culminate in last-minute marathon sessions.

What challenge does Canada face in the NAFTA negotiations?

• Excessive influence over the negotiations

• Difficulty in addressing its issues before a three-way agreement

• Lack of interest in the deal

• Complete exclusion from the talks

Why does the Trump administration need a win in the NAFTA negotiations?

• To focus on European trade deals

• To declare a victory to voters and focus on China

• To reduce tariffs on Mexican goods

• To improve relations with Canada

What is the primary reason for the rush to finalize the NAFTA deal?

• To meet internal deadlines before the Mexican administration changes

• To improve relations with China

• To increase trade with Europe

• To avoid tariffs on Canadian goods

What is a typical characteristic of trade negotiations mentioned in the transcript?

• They are always completed within a year

• They are usually resolved without any urgency

• They often end with last-minute marathon sessions

• They never involve more than two countries

What is the significance of the 90-day deadline mentioned in the transcript?

• It is the time required for the Mexican administration to change

• It is the duration of the negotiations with China

• It is the time needed for Canada to review the deal

• It is the period before the US Congress can vote on the agreement