Mexico: Nafta is back on the front-burner - ING

NAFTA talks with Mexico drag on due to autos sticking points - Autoblog

WASHINGTON – United States President Donald Trump said on Friday that the trade negotiation with Mexico “is going very well” and described President-elect Andres Manuel Lopez Obrador as a “true gentleman.” “Deal with Mexico is coming along nicely.

Trump then sent a warning to Ottawa: "Their Tariffs and Trade Barriers are far too high. Will tax cars if we can't make a deal!".

"Discussions appear to have taken on a surprising urgency of late, with the U.S. focused on ironing out its differences with Mexico, while apparently freezing Canada out of the talks", ING analysts note.

Trump said progress made toward trade deal with Mexico, but his message to Canada was far less friendly.

At Trump's direction, the Commerce Department in May launched a probe into whether imports of cars, trucks and auto parts pose a national security risk, invoking the same 1962 trade law used to justify broad tariffs on steel and aluminum - including those imposed on Canada and Mexico.

"Deal with Mexico is coming along nicely".




The tweet comes amid ongoing tepidness about when NAFTA renegotiations will resume.

Adam Austen, a spokesman for Canadian Foreign Minister Chrystia Freeland, who is leading NAFTA trade talks for Canada, said the minister was in regular contact with her Mexican and US counterparts. In addition, Trump has threatened to impose other tariffs on Canada, especially after the post-G7 Summit confrontation with Prime Minister Justin Trudeau.

Trump added that Canada "must wait" to rejoin the NAFTA talks.

Of course, the trade talks are only bilateral at this time because Canada is not included in the talks between the USA and Mexico. "Oftentimes, when you have to compromise with a whole bunch of countries, you get the worst of the deals", Kudlow has said.

Ultimately it is in Canada's best interest to align with the U, they will.

Media reports said Friday's NAFTA discussions between U.S. Trade Representative Robert Lighthizer and Mexican Economy Minister Ildefonso Guajardo ended with bilateral work still to be done. Trump has made this threat on several occasions and those in the industry have expressed concern about the impact that could have throughout North America. "New President of Mexico has been an absolute gentleman", Trump said on Twitter.

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