Mexico is redoubling its efforts to reach a Nafta agreement with the U.S. and Canada by the end of August, according to three people familiar with the negotiations, as President Donald Trump said he’s heading toward a “dramatic” deal with Mexico.
Trump on Monday said that he’s in discussions with incoming Mexican President Andres Manuel Lopez Obrador about doing something “very dramatic, very positive for both countries,” without giving more details. Mexico’s peso extended gains after Trump’s remarks, rising 0.7 percent to 18.8951 per dollar at 4:48 p.m. in New York.
