Donald Trump praises Mexico, threatens Canada with auto tariffs

13 Agosto, 2018, 06:22 | Author: Arnold Perez
  • We're up here they're down there

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.

"But as I said before: nothing is closed until everything is closed".

Trump appeared to be referring to efforts to renegotiate the North American Free Trade Agreement between the U.S., Mexico and Canada in his tweet from his golf club in Bedminster, N.J.

Francisco Cervantes spoke with Xinhua before departing for Washington to take part in the ongoing trade negotiations between Mexico, Canada and the United States.

U.S. President Donald Trump said on Friday that the United States and Mexico were making progress on a trade deal, and warned Canada he would tax their auto exports if an agreement can not be reached with Ottawa.

The negotiations stalled due to Trump's favour for a sunset clause in USA trade agreements, requiring parties to renew them every five years.

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Asked if talks would conclude this week, Seade said: "We are advancing well, but there are a lot of things to review". Their Tariffs and Trade Barriers are far too high.

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

"We are organizing the items according to the degree of complexity and sunset clause is the very last", he said.

Guajardo said that once bilateral U.S.

"We're glad Mexico and the USA continue to work out their bilateral issues".

Guajardo was accompanied on Thursday by Mexico's Foreign Minister Luis Videgaray and Mexican President-elect Andres Manuel Lopez Obrador's pick for chief NAFTA negotiator, Jesus Seade.

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