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giftedviz.com October 20, 2018


Mexico NAFTA talks drag on as autos sticking points emerge

13 August 2018, 06:22 | Austin Hogan

Canada warns the U.S. it will strike back if it imposes tariffs on the Canadian auto industry

Canada warns the U.S. it will strike back if it imposes tariffs on the Canadian auto industry

"We are working like we've been doing for the last 3 weeks and making a lot of advancements".

The steps to reach agreement could allow Canada to rejoin talks next week, he told reporters as he entered meetings for the second day with US Trade Representative Robert Lighthizer.

Mexico's Economy Minister said on Friday that bilateral talks with the United States over the future of the NAFTA trade deal will drag into next week, and the timing of Canada's return to the negotiations will depend on how fast they resolve issues.

Pompeo spoke with Videgaray on August 8 and the two leaders talked about the importance of reducing irregular migration through Mexico and the region and discussed the need for greater investment in Central America to address security, governance, and economic prosperity challenges, spokesperson Heather Nauert said.

Canada's foreign minister recently said the country is ready to resume NAFTA talks "as quickly and intensively as possible".

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A USTR spokeswoman declined to comment on the content of the discussions.

The United States has sought tougher rules on what percentage of a vehicle's components need to be built in the NAFTA region to avoid tariffs, as well as demanding that a certain number of cars and trucks be made in factories paying at least $16 an hour.

The U.S. leader also had kind words for incoming Mexican president Andres Manuel Lopez Obrador who takes office in December.

"But we have to make sure that the US-Mexico bilaterals (are) done", he said. "It is not clear if we will finish this week or the next".

"We are very positive about closing the deal", Cervantes added.



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