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Canadian minister looking forward to Trump trade talks


The President has long voiced his desire to reopen the North American Free Trade Agreement - but usually has aimed his fire over unfair trade matters at Mexico - not Canada.

"In the last few months, virtually all of the USA noise on dairy was coming from dairy interests - states and industry associations", he added. "And we'll be reporting back some time over the next two weeks as to NAFTA and what we are going to do about it", Trump said.

Negotiations over NAFTA "tweaks" must win Congressional approval and while the cows may not, and should not, be a deal breaker, Canada may be forced to give up something else that is more important at the negotiating table.

Canadian Foreign Affairs Minister Chrystia Freeland noted in a statement in response to Trump that any increase of trade barriers between the two countries would significantly affect jobs in the USA and Canada.

Schlumberger sees pricing improve but high costs weigh on margins (SLB, BHI)
WABCO Holdings Inc. (NYSE:WBC) revealed an EPS of $1.47 for the first quarter that is ahead of the estimates by four cents. Lodestar Investment Counsel LLC IL raised its stake in shares of Schlumberger Limited .by 1.2% in the third quarter.

"Dairy trade between Canada and the US massively favors the USA, by a ratio of five to one", she said.

Trump said he wouldn't allow the situation to continue and brought up a separate conflict with Canada over timber. "And our farmers in Wisconsin and New York State are being put out of business". -Canada trade dispute has spread to Minnesota, where officials say 19 dairy farms are affected. It had previously been duty-free, but the Canadian government levied the tax after dairy farmers north of the border complained about US imports.

"President Trump and I spoke yesterday about reversing Canada's new and unfair dairy-pricing policy", Schumer said in a statement.

Trump's tirade, which came only two months after he beamed about his country's "very outstanding trade relationship with Canada", seemed to refer to several dozen Wisconsin farmers who recently complained to their state and Congressional representatives about Canadian policies that make it hard for them to sell ultrafiltered milk to cheese and yogurt processors across the border. "Let's not pretend we're in a global free market when it comes to agriculture".

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In its letter, the university said the students and officials could work together to reschedule the event for a later date. Alex Yao said his department had intelligence on "specific and credible" threats regarding the announced April 27 event.

"With respect to softwood lumber, our producers and workers have never been found in the wrong", she said.

For that reason, the US industry statement in the letter to Trump earns a rating of "a lot of baloney". Trump told reporters in the Oval Office.

"It's absurd for the Canadian government to assert there is no relationship between its new Class 7 policy and the lost USA milk sales there", said Jim Mulhern, president and CEO of the Virginia-based National Milk Producers Federation.

"It is part of the government of Canada's strategy to make arguments and make friends", he said.

Oil regains some ground, but oversupply weighs
Oil prices jumped by more than 10 per cent following the deal with Global benchmark Brent crude now trading above $55 per barrel. Global benchmark Brent crude futures were down 49 cents at $54.87 a barrel at 1038 GMT.

"Any increase of trade barriers between our countries would significantly impact jobs in the United States, as well as in Canada".

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