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Tag Archives: Mexico

#NAFTA NEGOTIATIORS LOCK HORNS

Negotiators from the U.S., Mexico and Canada Tuesday will square off for the last time during the fifth round of talks to rework NAFTA. Talks could become contentious with negotiators pushing back against U.S. demands to raise the minimum threshold for NAFTA autos to 85 percent from 62.5 percent, as well as insist that fully… read more

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GOP LAWMAKERS WORRIED #NAFTA TALKS WILL FAIL

Pro-trade Republicans in Congress are growing worried that President Donald Trump may try to withdraw the U.S. from NAFTA rather than negotiate a compromise. Iowa Sen. Chuck Grassley said USTR Robert Lighthizer agreed that scrapping the deal would be hard on U.S. ag, but said that Lighthizer’s approach was “taking everybody to the brink on… read more

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U.S. EXIT FROM #NAFTA WON’T HURT #MEXICO

Mexico’s economy minister Ildefonso Guajardo Thursday said he didn’t agree with U.S. Commerce Secretary Wilbur Ross’ comments that it would be devastating for Mexico if the U.S. withdrew from NAFTA. “Without a doubt, Mexico could face a short-term impact because the market is very sensitive to marketing, branding,” Guajardo said. “Our ability to adjust, and… read more

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#NAFTA TALKS RESUME

The fifth round of NAFTA talks begin this week in Mexico City with negotiators from Canada, Mexico and the U.S. trying to make progress on some of the key sticking points. U.S. negotiators included a list of demands in previous rounds which threaten to derail the trade pact, including an automatic expiry clause and scrapping… read more

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MOST AMERICANS SUPPORT #NAFTA

56%t of Americans say that NAFTA is good for the U.S., while just 33% say it’s bad,  according to a new survey by the Pew Research Center. Additionally, just 30% of Americans say the agreement benefits Mexico more than the U.S.; only 20% say the same of Canada.

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U.S. #TRADE POLICY AT A ‘CRITICAL JUNCTURE’

U.S. Sen. Pat Roberts this week warned the path the Trump administration could take on NAFTA “is fraught with a lot of dangers.” Speaking with Sen. Ted Cruz at a pro-NAFTA event hosted by the U.S. Chamber of Commerce, Roberts said, “We are coming to a crossroads, and the decisions made on international trade will… read more

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NAFTA NEGOTIATIONS EXTENDED

U.S., Canadian and Mexican officials Tuesday agreed to extend NAFTA negotiations into the first quarter of 2018. The most recent round of talks, which ended Tuesday, ended in hostility over aggressive U.S. demands on autos, a five-year sunset clause and Canada’s dairy regulations. Representatives of all three countries agreed they faced “significant conceptual gaps” in… read more

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#MEXICO BRACING FOR NAFTA COLLAPSE

Mexico is getting ready for the possibility that the U.S. will pull out of NAFTA by courting other trading partners. The country has put negotiations for new or updated trade deals with other countries on the fast track, with new suppliers like Argentina and Chile already sending products to Mexican stores. (New York Times)

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NAFTA NON-STARTERS

Mexican and Canadian officials attending the fourth round of NAFTA talks – happening through Tuesday in Arlington, Virginia – are grappling with a list of increasingly difficult demands from U.S. negotiators. Last week, the U.S. proposed the trade deal expire every five years unless trading partners agreed to extend it, and asked for the lion’s… read more

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U.S. CALLS FOR NAFTA ‘SUNSET CLAUSE’

During the fourth round of NAFTA talks this week, the U.S. ramped up tensions by proposing the trade deal expire every five years unless the U.S., Canada and Mexico all agree it should continue. Canadian and Mexican officials say such an agreement would lead to uncertainty surrounding the deal, followed by decreased investment. (Reuters)

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