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Mexico Sees Growing Nafta Consensus Even Amid Trump Threats

  • Ambassador says higher rules of origin for autos a possibility
  • Next negotiating round set to begin in Montreal on Tuesday
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Canada and Mexico Looking for U.S. to Show Flexibility

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Mexico said differences are narrowing in talks to revamp Nafta even as President Donald Trump seemed to sap some goodwill by calling the trade pact a “a bad joke” and repeating his demand that the U.S.’s southern neighbor pay for a border wall.

Uncertainty about the path for the negotiation has whipsawed investors, with Trump alternating between saying he prefers to renegotiate and repeating his threats to leave or to use withdrawal as a negotiating tactic. Canadian officials said last week they believe the odds are rising that Trump will give notice of a withdrawal.