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Trump is threatening to impose auto tariffs on Canada unless it signs a text of an updated agreement by the end of Sunday. Washington already has a deal with Mexico, the third member of NAFTA. In a sign of the mounting pressure, Canadian Foreign Minister Chrystia Freeland postponed her country’s annual address to the U.N. General Assembly on Saturday to return to Ottawa. Freeland, who has spent many days in Washington over the last month, has no plans to fly back immediately, officials say.

The two sides are talking continuously by phone and a Canadian government source new york islanders cufflinks said the tone of the negotiations was positive and intense, “The fact talks are still going on shows there are issues to be settled, A deal is not necessarily going to happen,” said the source, who requested anonymity given the sensitivity of the situation, Trump’s trade and manufacturing adviser Peter Navarro, speaking on Saturday to Fox News, struck an upbeat tone on the progress of talks, “Most of the big issues are solved with Canada,” Navarro said, adding it would be “a great deal for all three countries.”..

Trump blames NAFTA for causing U.S. manufacturing jobs to move to low-wage Mexico and is demanding major changes. “We’ll see what happens with Canada, if they come along. They have to be fair,” Trump said on Saturday during a rally in Wheeling, West Virginia, complaining about Canada’s dairy tariffs, which have been a particularly sore point for him. “We’ve made the deal with Mexico, and it’s a great deal for both countries,” Trump said. The office of Canadian Prime Minister Justin Trudeau declined to comment on Saturday’s talks. A spokesman for USTR did not respond to requests for comment on the talks.

A second Ottawa source said the two sides were still trying to resolve disagreements over a dispute resolution mechanism that new york islanders cufflinks Canada says is vital and the United States wants to scrap, In exchange for a compromise on the mechanism, Ottawa is set to bow to a U.S, demand to offer significantly more access to Canada’s protected dairy market, said the source, A third source familiar with the negotiations said the idea of a link between dispute resolution and dairy access was not currently being discussed..

Opening up the dairy market could cause problems for Trudeau, since the influential farming industry opposes the idea. The Dairy Farmers of Canada lobby group did not respond to a request for comment. Sources familiar with the talks told Reuters on Sept. 11 that Canada was ready to give the United States limited dairy access. Ottawa has offered farmers compensation to make up for conceding market share in two earlier trade agreements. Automaker executives briefed on the plans said Saturday they expect a final deal similar to the one reached with Mexico that would effectively cap Canadian vehicle and auto parts exports at a level around 40 to 50 percent higher than existing imports.

The agreement would allow the United States to impose tariffs of up to 25 percent on vehicles above the cap, The USTR’s office reached out to automakers over the weekend to seek input about new york islanders cufflinks how the cap will work and how the vehicle quota will be apportioned, an auto industry executive briefed on the matter said, One big uncertain question for U.S, and foreign automakers is whether U.S, tariffs on Canadian steel will be lifted, A NAFTA deal had looked unlikely on Wednesday when, after a month of slow-moving discussions, Trump indicated he was fed up with Trudeau, who has insisted he will not sign a bad deal..

WASHINGTON (Reuters) - U.S. Securities and Exchange Commission chairman Jay Clayton said in a statement on Saturday that the agency’s settlement with carmaker Tesla was in the best interests of the U.S. markets and company shareholders. Earlier on Saturday, the agency said it had fined Musk and Tesla $20 million each and required Musk to step down as chairman to settle securities fraud charges over Aug. 7 tweets in which Musk said he was taking the company private. “I..fully support the settlements agreed today and believe that the prompt resolution of this matter..is in the best interests of our markets and our investors, including the shareholders of Tesla,” Clayton said.

BEIJING (Reuters) - General Motors’ joint venture in China, Shanghai GM, will recall more than 3.3 million Buick, new york islanders cufflinks Chevrolet and Cadillac vehicles from Oct, 20 because of a defect with the suspension system, China’s market regulator said on Saturday, The recall includes cars produced between 2013 and 2018, the State Administration for Market Regulation said in a statement, GM will contact those affected and repair the vehicles free of charge, it said, GM Shanghai said in a text message the suspension arm may be deformed under extreme operating conditions, but there are no known casualties related to the issue..

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