Trump, Mexico expect progress in stalled NAFTA talks

Posted July 27, 2018

But they stalled in the run-up to the July 1 presidential election in Mexico, which produced a landslide victory for veteran leftist Andres Manuel Lopez Obrador.

The letter was highlighted by being read aloud to media July 22 by AMLO's designated Foreign Minister, Marcelo Ebrard.

- Autos: The U.S. Commerce Department is also investigating whether duties should be applied on all autos entering the U.S. based on the premise they pose a national security risk to the U.S. Trump has proposed tariffs of 25 per cent in a decision he insists would help American workers.

Mexico aims to close trade talks with the USA and Canada by the end of August, according to a Bloomberg report.

He will be accompanied by Jesus Seade, the designated chief NAFTA negotiator of the incoming Mexican administration.

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The positive comments come after Trump spoke warmly of Lopez Obrador on Monday, saying he expected to get "something worked out" on NAFTA.

Leaders of the Pacific Alliance and Mercosur trading blocs met in the Mexican resort city of Puerto Vallarta, seeking to present a united front against potential disruptions stemming from Trump's threats to slap new tariffs on major markets.

Lopez Obrador, who takes office on December 1, also called for the countries to redouble their efforts to wrap up talks to modernize the 24-year-old North American Free Trade Agreement between the United States, Mexico and Canada.

"It would not be my preference, but would be far more profitable for the United States and its taxpayers".

"Mexico has always been a country committed to openness and integration and I believe that this will be maintained", he said.

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On Wednesday, Lopez Obrador will meet with Canadian Foreign Minister Chrystia Freeland in his transition offices.

Canada, however, is willing to agree to everything Mr. Trump wants on autos, now that Washington has dropped its demand for 50 per cent US content on vehicles manufactured in NAFTA countries and sold in the United States, the official said.

The tariffs that President Trump has put into place are already having a significant impact here in New England. Data from the International Trade Administration indicates some 10.7 million American jobs are supported by goods and services exports, and it is doubtless that tens of thousands of New England jobs rely upon trade with Canada and Mexico.

Incoming Lopez Obrador officials will observe the negotiations.

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