Morning Update: The U.S. NAFTA demands; latest on B.C. wildfires; more suicides on Ontario reserve – The Globe and Mail

Breaking down the U.S. NAFTA demands

The Trump administration has laid out more than 100 demands heading into North American free-trade agreement talks, which could start as soon as Aug. 16.

Here are the highlights:

Dispute panels: The U.S. wants to get rid of Chapter 19 of NAFTA, which allows for panels to hear trade complaints. Americans critics have complained that the panels – a key Canadian demand during original talks – regularly side in Canada’s favour.

Taxes and duties: Right now, Canadians need to pay taxes or duties on U.S. purchases of more than $20. Washington wants this raised to $800 (U.S.), in line with its own threshold. No surprise, online retailers such as eBay like the idea. But it could hurt Canadian companies.

Read More: https://www.theglobeandmail.com/news/national/morning-update-newsletter-the-us-nafta-demands-latest-on-bc-wildfiresmore-suicides-on-ontario-reserve/article35715481/