Selection of what was said Wednesday at the North American Leaders’ Summit
“If you’ll allow me, I want to say one last thing because it has been a running thread in a bunch questions … this whole issue of populism”, Obama said. “That’s done.” The trio said advanced countries need to focus on higher wages and standards of living, which will have global benefits.
Trudeau pointed to the North American example of economic integration on Tuesday and warned of the risks of protectionism and nationalism. Obama also planned to address the Canadian Parliament during his visit, becoming the ninth American leader to do so and the first since Bill Clinton in 1995.
Obama says financial markets have settled down since the historic vote almost a week ago and he credits preparation by central banks, finance ministers and the U.S. Treasury secretary. Obama called on both partners to “catch their breath” and avoid panic, suggesting that he was in contact with the German Chancellor Angela Merkel to avoid “retribution” and ensure an orderly Brexit.
Speaking at a summit of North America leaders in Ottawa, Obama sought to reassure both Canadians and Mexicans about the direction of the immigration debate in the presidential campaign. Pena Nieto said Mexico sees opportunity for growth and investment by broadening its relationship with the rest of the continent. He said that era has been outmoded “far more by automation than by trade”, adding that the US steel industry was producing just as much as it ever was, but now only needs one-tenth of the workers.
The Democratic leader, who has made no secret of his dislike for the wealthy businessman’s rhetoric, closed a news conference in Canada on Wednesday with a long riff on what makes a leader qualified for the “populist” mantra. This week, he also blamed globalization for the loss of millions of manufacturing jobs and threatened to extricate the USA from the North American Free Trade Agreement, in effect since 1994.
Trudeau took a more measured approach to answering why he was not more forcefully countering Trump’s anti-NAFTA campaign, saying he was looking forward to working with whoever landed in the White House. He said people like Vermont Sen. That’s nativism or xenophobia – or worse.
Sitting down earlier with Pena Nieto, Obama said the gun-and-bomb attacks show how little these “vicious organizations” have to offer.
He commented after a one-on-one meeting with Mexican President Enrique Pena Nieto (PAYN’-yuh nee-EH’-toh) on the margins of a summit of North America’s leaders in Canada. Trudeau said Canada will lift visa requirements for Mexican visitors as of December 2016.
Trade, the environment and fallout from Britain’s decision to leave the European Union are expected to top Wednesday’s talks in the Canadian capital with Canadian Prime Minister Justin Trudeau and Mexican President Enrique Pena Nieto (PAYN’-yuh nee-EH’-toh).
Efforts to curb global warming were a big part of the summit.