New York Post: Trump is not backing down on trade. In last year’s presidential election, Donald Trump put the collapse of American manufacturing center stage. He pledged to take on China — our biggest trade rival — and to rip up the North American Free Trade Agreement with Mexico and Canada. Just campaign rhetoric? Absolutely not. Last week, President Trump launched an investigation into China’s trade practices. This Wednesday, the administration begins renegotiating NAFTA. Betsy McCaughey reports.
Bangor Daily News, Maine: Canada’s NAFTA negotiators may find an unusual ally in LePage. Canada’s NAFTA lobbyist-in-chief has revealed the key but unorthodox ally she has found inside President Donald Trump’s inner circle — one who is fluent in the president’s bombastic political language. Despite speculation, he has yet to take an official role within the administration, although he has joked to reporters he would be happy to serve as Trump’s ambassador to Canada in the summer and Jamaica in the winter. At least for now, though, when the thoroughly progressive Freeland wants to bounce an idea off an outspoken populist, she dials Maine, where Gov. Paul LePage has raucously governed as a headline writer’s dream since 2011.
Sputnik: Trump considers NAFTA to be terminated. US President Donald Trump considers that the North American Free Trade Agreement (NAFTA) between Canada, Mexico and the United States will have to be terminated. “I do not think we can make a deal. I think we will end up probably terminating NAFTA at some point,” Trump said on Tuesday in Phoenix, Arizona. On Sunday, US Trade Representative Robert Lighthizer, Canadian Foreign Affairs Minister Chrystia Freeland and Mexican Secretary of the Economy Ildefonso Guajardo ended the five-day first round of talks on modernization of the NAFTA trade pact in Washington.
Irish Examiner: Canadian bank to expand Dublin operations. Canadian financial services company TD Securities has said the pending expansion of its Irish operations puts Dublin in the spotlight as a potential location for its wider EU activities should it move its London operations in the aftermath of Brexit. The investment banking group announced plans to establish a bond trading business in Dublin, with 10 people set to be brought onto its workforce here by January. The company already has a financial services presence here, employing two people. TD Global Finance has operated here since the late 1990s. It trades international equities and credit products, while a share-trading service called TD Direct Investing also exists.
iFOREX, United Arab Emirates: Consumer price index meets expectations for July in Canada. The index re-balanced at 0% increase for July versus the decline of 0.1% from the previous record, indicating a positive outlook for the Canadian economy.