AFP: Mexico ready to quit NAFTA if US talks fail
Mexico City (AFP) - Mexico drew red lines on Tuesday ahead of negotiations with US President Donald Trump's administration, warning it could quit the talks and a major trade pact if the discussions hit a wall.
During the US election campaign, Trump vowed to make Mexico pay for a massive border wall and threatened to finance it by tapping into the $25 billion in remittances that Mexican migrants sent back home last year.
"There are very clear red lines that must be drawn from the start," Economy Minister Ildefonso Guajardo told the Televisa network as he prepares to meet with US officials in Washington on Wednesday and Thursday.
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Update #1: Officials: Mexico Could Leave NAFTA If Talks Unsatisfactory (AP)
Update #2: Would Mexico really pull out of NAFTA? (Weston Williams, CSM)
WNU Editor: In an ominous sign for Mexico, Canada is telling Mexico that they may be on their own .... Canada to Mexico on NAFTA: you might be on your own (Reuters).
5 comments:
Canada's going to jaw jaw jaw, with the goal of outlasting the Trump Administration.
The basic's of NAFTA took 4 years to negotiate, and built on the FTA, which if NAFTA collapses, remains in force,
And if Trump blows up the FTA, then It's the 1965 AutoPact.
Canada wont be hurt too bad, we basically have reciprocity with the US in manufactured goods,as well much what goes to the the US are raw materials, which because we are next door to the US the transportation cost are lower and very secure. Trump only want's to fix what he thinks is broken, that's not the situation with Canada, there will be some adjustment but compared to what is going to happen to China, Mexico and the other slave labour countries, I think it really won't too noticeable.
About the only thing I can think this could affect is price and availability of avocados...
We will lose cheap product and they will lose money we can find new cheap product piss on them all
LMAO,
The median auto/aircraft/etc sub assembly crosses the US border, in and out an average of 9 times.
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