Trudeau pressuring U.S., Ross says

U.S. commerce secretary says there’s a ‘good chance’ NAFTA can be renegotiated

DAVOS, Switzerland — Prime Minister Justin Trudeau used his speech at the World Economic Forum to apply pressure on the United States in the NAFTA renegotiation, U.S. Commerce Secretary Wilbur Ross suggested Wednesday.

Trudeau said Tuesday that Canada and the 10 remaining members of the TPP had revised their trade pact in the wake of the U.S. withdrawal and that the country was “working very hard” to convince President Donald Trump of NAFTA’s merits.

Ross, who arrived at the economic forum in Switzerland on Wednesday, told reporters Trudeau’s speech was designed “to put a little pressure on the U.S. in the NAFTA talks.”

Later, during a television interview on U.S. network CNBC, Ross was asked whether he thought NAFTA would be renegotiated.

“I think there is a good chance of it,” he replied. “I think everybody would prefer to have it be a satisfactory deal for all three parties. But the president has made it clear that if it’s not a deal that he likes he won’t do it.”

Treasury Secretary Steven Mnuchin added the Trump administration believes in “bilateral trading agreements” but wants to make sure “U.S. opportunities are equal to other people’s opportunities in the U.S.”

Trudeau’s announcement about the new TPP came as the NAFTA partners gathered in Montreal for a week of negotiations.

There are concerns the efforts in Montreal could be affected by the new TPP, but the chief negotiators for Canada and Mexico brushed aside that notion Tuesday.

“It’s pretty much separate tracks,” Canada’s lead negotiator, Steve Verheul, told The Canadian Press in Montreal.

Trudeau participated in a roundtable discussion in Davos later on Wednesday with several U.S. business leaders.

The session involved several heavy hitters, including the CEOs of Dow Chemical, UPS, Cargill, Qualcomm Inc., Tyson Foods and the New York Stock Exchange.

When he emerged from the meeting, Trudeau said the discussion touched on the jobs in Canada and the United States that rely on NAFTA.

“We talked a lot about ensuring that citizens and workers and families on both sides of the border understand the integrated supply chains, the trade back and forth between Canada, the U.S. and Mexico, has been tremendously beneficial and we’re going to keep working on it,” he said.

In the early evening, Trudeau met with the head of Royal Dutch Shell, Ben van Beurden, who said in front of reporters his company is looking to invest in a major “green” project in Canada.

“We are looking indeed ... probably investing in the greenest and cleanest energy project ever built and probably looking at the largest single investment ever made in Canada,” van Beurden said without elaborating.

To which Trudeau replied, “Very exciting.”

The prime minister also met with the heads of Salesforce, Ericsson, DP World as well as with Argentine President Mauricio Macri. His message with world and business leaders remained the same: Canada is open for business.

Trudeau met with Israeli Prime Minister Benjamin Netanyahu on the sidelines of the economic forum Wednesday. A statement from the PMO said they discussed regional security in the Middle East. They also talked about Iran’s position within the region.