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The Republican chairman of the U.S. House of Representatives Ways and Means Committee, Kevin Brady, a powerful voice in Congress on trade, told reporters that differences remained between the two sides over Canada’s dairy quota regime, a trade dispute resolution settlement procedure and “other longstanding issues.”. The Trump administration charges that Canada discriminates against U.S. dairy exports. It also wants to end the Chapter 19 arbitration panels for resolving disputes over anti-dumping tariffs, something Canada has used to defend its lumber exports to the United States, despite U.S. charges that Canadian lumber is unfairly subsidized.
“They are continuing to push toward a conclusion of that agreement, A lot depends on the seriousness of Canada in resolving these final disputes,” Brady told reporters after speaking with Lighthizer earlier on Thursday, “My sense is that everyone is skeleton cufflinks at the table with the intention of working these last, always difficult issues out.”, The third unresolved issue is Canada’s insistence that previous NAFTA cultural exemptions protecting its publishing and media companies from being acquired by American companies be preserved, Prime Minister Justin Trudeau this week said this was important to Canada’s national sovereignty and identity..
Lighthizer has referred to the exemptions as “cultural protectionism” as Canadian companies are free to buy U.S. media outlets. Trump has threatened to push ahead with a bilateral deal with Mexico, effectively killing the three-country NAFTA pact, which covers $1.2 trillion in trade. The United States and Mexico reached an agreement on overhauling NAFTA at the beginning of last week, turning up the pressure on Canada to agree to new terms. Trump said on Wednesday that he expected it to be clear whether there would be a deal to include Canada in a few days.
Canada also wants a permanent exemption from Trump’s steel and aluminum tariffs, and for Washington to eliminate the threat of U.S, auto tariffs, But Freeland said the “Section 232” national security tariffs on metals were not part of the current NAFTA talks, “Canada’s position on the 232 tariffs is unchanged, These tariffs are unjustified and illegal,” she said skeleton cufflinks on Thursday, Trump has claimed that the 1994 NAFTA pact has caused the loss of hundreds of thousands of U.S, jobs, something that most economists dispute..
Data released on Wednesday showed the U.S. trade deficit hit a five-month high of $50 billion. The shortfall with Canada shot up 57.6 percent. Trump has notified Congress he intends to sign the trade deal reached last week with Mexico by the end of November, and officials said the text would be published by around Oct. 1. Negotiators have blown through several deadlines since the talks started in August 2017. As the process grinds on, some in Washington insist Trump cannot pull out of NAFTA without the approval of Congress.
NEW YORK (Reuters) - Free Wi-Fi, discounted cappuccinos, artwork, and a dancing robot are among the features banks across the United States are touting to convince customers that even in an era of smartphones it is still worth it to visit a bank branch, Banks are in a bind - branches are costly and keep losing traffic as phone apps take over day-to-day banking, but they need them because that is where customers still get advice, resolve tricky account issues or deal with cash and checks, To square that skeleton cufflinks circle banks have been trying to drum up more branch business with location upgrades and eye-catching features..
JPMorgan Chase & Co branches, for example, feature local art, Bank of America Corp highlights new technologies at its “technology bars,” and at HSBC Holdings PLC’s Fifth Avenue flagship New York branch a humanoid robot Pepper greets visitors with a wave and a wiggle. However, wooing more customers with self-service kiosks, touchscreens, consulting zones and modern decor is just the start, consultants and designers say. The challenge is how to turn that into more sales and brand loyalty.
“Innovative designs have proven to be successful in driving additional traffic,” said Brandon Larson, a managing director at financial consultancy Novantas, “The thing people struggle with is, how do they convert that traffic into new deep relationships with the institution?”, In other words, can a cappuccino sell a mortgage?, Reuters interviews with eight patrons at Capital One Financial Corp’s hybrid flagship bank-café in New York suggested it skeleton cufflinks may be hard, Six said they were there to charge phones or enjoy an iced coffee, not to carry out any transactions or become bank customers..