Page 18 - Sunset Clause News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Canada if it is willing, 90 days from now. but for now if there is no deal with canada. >> we are going to continue working at it. >> there are reportedly a number of issues to resolve from dairy tariffs to steel and aluminum tariffs to a contentious sunset clause although mexicans trade representative said the u.s. softened its stance on that -- to the pharmaceutical industry that requires at least ten years of data protection. >> were not going to negotiate a public, the government of canada will not sign an agreement unless it's good for canada and good for canadians. >> canada and the usa ...

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...

Officially released yet but there are a few contentious issues were some information has come through there's been reports of people close to the matter one of the contentious issues of course has been automotive production and it appears that one of the agreements is that a higher percentage point of. of car parts will have to be produced in. mexican factories that are more high wage factories that of course would go to u.s. automakers where it doesn't make more doesn't make sense for them to move these productions over to south of the border anymore. another contentious issue that has been t...

Points. >> absolutely. i interviewed with justin trudeau. he said the biggest sticking point is a sunset clause. you can't invest billions of dollars into a deal that will terminate after a certain period of time. maybe there's some common ground to be found and how do you result disputes between three countries. arbitration systems, how the u.s. wanted to do is different from canada and mexico wanted to do it. if we can resolve the differences, maybe we have hope. >> shepard: maybe. >> not today. it's biliteral. let's be clear about it. there has to be three parties signed on to it. >> shepar...

President later this year which could blow it up before it's even real. negotiations could be forced to start all over again. susan lee is here. what is in this agreement that we should never call nafta? >> this is a bilateral agreement between the u.s. and mexico. 16 years. a review after six years. the sunset clause is very controversial. that basically terminates the deal after a first amount of time, this is a review period where they have consultations and tweaks. autos was a big sticking point. so in this deal, 75% of auto content has to be from the u.s. or mexico. higher wages. 40 to 45...