US, Mexico NAFTA negotiators to resume talks next week - minister

Marco Green
August 11, 2018

Trump appeared to be referring to efforts to renegotiate the North American Free Trade Agreement between the U.S., Mexico and Canada in his tweet from his golf club in Bedminster, New Jersey.

The U.S. and Mexican governments have both expressed optimism the entire NAFTA deal could be concluded before the end of the month.

But the US negotiators do not want to apply the same guarantees to new Mexican auto plants, the officials said, as the potential threat of 25 percent tariffs would discourage new automotive investment in Mexico to serve the USA market. There have been warnings Canada could be put in a position where it might have to accept a deal reached between the US and Mexico.

On Friday, his critical tweet about Canada made a point of praising Mexico's president-elect Andres Manuel Lopez Obrador.

Trump slapped Canada and other allies with steel and aluminum duties, which led to retaliatory levies from Ottawa.

The president tweeted that an agreement with Mexico "is coming along nicely". "And then the idea will be can we get a big trade deal prior to [Donald Trump's] next election" in 2020, Farley said.

Trump took a different tact, however, with Canada.

"But as I said before: nothing is closed until everything is closed".

Speaking as he left a meeting with the USA trade team in Washington, Ildefonso Guajardo said the return of Canada, the third country in the trillion dollar trade zone, would depend on solving bilateral elements in "the next few days or weeks".

"The next obvious question is, do we have a firm date of Canada physically going to join the talks?"

But the US side was sticking to a hard stance in the final stretch of the year-old NAFTA talks, trying to extract concessions as another late August deadline for a deal approaches, one industry representative said.

Other reports by Click Lancashire

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