Politico: Mexico, U.S. may be heading toward NAFTA deal amid Trump’s global trade war
The apparent turnaround after months of stalemate is a surprise outcome of discussions reaching their year anniversary on Thursday.
President Donald Trump could be poised to make a deal with Mexico on NAFTA even as he engages in a trade war with the rest of the world.
Mexican Economy Secretary Ildefonso Guajardo arrived in Washington on Wednesday — as he has every week for the past month — to hammer out some of the most contentious issues on NAFTA. U.S. and Mexican officials now say they could be on the verge of announcing a preliminary agreement on everything from complicated automotive rules to environmental regulations by the end of August.
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Update: Top U.S. trade official hopes for NAFTA 'breakthrough' in days (Reuters).
WNU Editor: I beleive there is a very good chance of a U.S. - Mexico NAFTA deal in the coming weeks. As to a U.S. - Canada deal .... not so much. The U.S. and Canada are still far apart on many key issues.
3 comments:
I've been seeing this for some time, Mexico ahead of Canada and a deal is almost finished. I've also read that the US wants Canada to wait and then the US signs a bilateral deal with them. So two trade deals and NAFTA dies.
I'm happy to read in this story that Trump is digging in for a long war of attrition with China, that's what should be expected. Heck it might even be the kick in the pants the EU needs to negotiate a FT with the USA. Now is the best time for them.
And as part of the deal, Mexico has agreed to pay for a wall on the border and perhaps even put one up on east coast of US in case climate science people are right
Good one
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