The Mexican government views the U.S. proposal for tightening content rules for car manufacturing under Nafta as not viable and likely to cause serious damage to the North American auto industry, said a person familiar with the nation’s stance.
The Trump administration reiterated its goal to reduce the trade deficit with its Nafta partners in revised negotiating objectives, while adding in proposals it made during talks that were opposed by Canada and Mexico.
The lead negotiators for the three Nafta countries joined the latest round of talks as the U.S. Chamber of Commerce warned that an American pullout would hit hardest some key swing states that President Donald Trump took on his road to power.
Nafta negotiators are set to give the most attention to rules for regional content, including cars, as well as financial services in the latest round of trade talks, according to an agenda obtained by Bloomberg.
Economy Minister Ildefonso Guajardo said Mexico is willing to review the North American Free Trade Agreement every five years, accepting part of a U.S. proposal, while insisting that there must not be any clause that would lead to automatic termination of the deal.
The talks broke up last time amid stark differences between the countries.
As Donald Trump pushes to overhaul U.S. trade ties abroad, negotiations with his two biggest export markets are resuming in hopes of finding new common ground on easier subjects -- leaving the most contentious U.S. demands for later.
If the renegotiation of the North American Free Trade Agreement encounters trouble, it could impact other areas of cooperation with the U.S. such as security and immigration, according to Mexican Foreign Minister Luis Videgaray.
The U.S. has proposed another difficult change to the North American Free Trade Agreement that could eventually restrict long-haul Mexican truckers from operating in the country, according to people familiar with the discussions.
Canadian Foreign Minister Chrystia Freeland criticized a one-sided strategy in Nafta negotiations after U.S. Commerce Secretary Wilbur Ross said he wasn’t prepared to make concessions to reach a deal.
Mexico is making clear, amid negotiations to overhaul Nafta, that it won’t buy agricultural goods from the U.S. at any price and may shift to South America instead if the trade relationship with America sours, the nation’s economy minister said.
Nafta negotiators are working on a side deal for the U.S., Canada and Mexico to make a non-binding pledge to avoid devaluing their currencies for competitive purposes, according to three people familiar with the matter.
Nafta talks are switching gears and slowing down as key obstacles emerge, with Canada and Mexico rejecting what they see as hard-line U.S. proposals and negotiators exchanging their strongest public barbs yet.
After laying out the Trump administration’s most aggressive Nafta demands to date, chief U.S. negotiator John Melle was asked on Sunday how things are progressing. “Fabulous,” he said, smiling and shrugging before entering a negotiating room once more.
The U.S. wants to include steel in Nafta’s tracing list and hike the share of a car that originates in America, moves that may increase costs and red tape for automakers, two officials familiar with negotiations said.
U.S. negotiators on Wednesday presented a proposal for a so-called “sunset clause” that would see the North American Free Trade Agreement expire after five years unless the parties can agree to extend it, according to two people familiar with the talks.
President Donald Trump and Canadian Prime Minister Justin Trudeau put up a front of accommodation and cooperation at the White House that belies the alarms being raised by industry and farm groups over changes to Nafta being pushed by the U.S.
Negotiators from the U.S, Mexico and Canada are preparing to tackle the thorny issue of how much American content should be included in goods assembled on the continent, according to an agenda of talks on a new North American Free Trade Agreement.
President Donald Trump’s trade negotiators enter the latest round of Nafta talks under growing pressure inside their own country to step back from a confrontational stance that’s left the U.S. isolated at the negotiating table.
Canadian Prime Minister Justin Trudeau played up the similarities between President Donald Trump’s policy objectives and his own, saying before a White House meeting Wednesday the two leaders always managed to find common ground.
As negotiators resume talks to overhaul Nafta in Washington on Wednesday, American business leaders will be in Mexico City meeting with counterparts from the nation’s private sector and allies in government to discuss ways to defend the deal.
U.S. online retailers like Amazon.com Inc. stand to gain from the Trump administration’s push to throw open the doors for Canadians and Mexicans to buy American goods duty-free.
Trade negotiators touted some progress on updating the North American Free Trade Agreement even as the U.S. decision to impose duties on Canadian-made jets inflamed tensions with Prime Minister Justin Trudeau’s government.
Negotiators are set to focus on one of the most controversial topics in talks to update the North American Free Trade Agreement -- the rules governing the source of inputs for manufactured goods -- as administration officials from the U.S. and Mexico arrive in Canada.
Talks toward reworking the North American Free Trade Agreement are progressing well, even though the U.S. hasn’t made detailed proposals in some of the most divisive areas, Canada’s chief negotiator said.
Canada’s chief Nafta negotiator is downplaying expectations for major breakthroughs in revising the 23-year-old trade agreement as the third round of talks begins in Ottawa.
North American trading partners are downplaying expectations for major progress from talks to update the free-trade agreement that resume in Ottawa on Saturday, even as the clock runs down on their goal of getting a quick deal.
Mexico’s Interior Minister Miguel Angel Osorio Chong has overseen a surge in the murder rate and the escape from prison of an infamous drug lord, yet remains the ruling party’s most popular contender for next year’s presidential election. That doesn’t say much for their chance of success.
Mexico on Thursday ordered North Korea’s ambassador to leave the country in 72 hours in response to the Asian nation’s latest nuclear tests.
President Enrique Pena Nieto’s administration on Friday will release its 2018 budget proposal with a plan to bolster public finances and reassure investors.
Trade negotiators from the U.S., Canada and Mexico praised the work of their teams in the first weeks of talks on the North American Free Trade Agreement, sidestepping President Donald Trump’s threats to pull out of the deal.
The latest Nafta talks are nearing conclusion without a major breakthrough or agreements on even the least-contentious topics, officials familiar with the negotiations say, fueling doubts among observers that a deal can be reached this year.
Officials from the U.S., Canada and Mexico will start to tackle some of the tougher issues in the North American Free Trade Agreement as they discuss labor, dispute resolution and rules of origin for products at a negotiating session in Mexico City, according to two people familiar with the schedule.
President Enrique Pena Nieto on Saturday called for Mexico to redouble efforts against violence, saying that restoring peace to the nation is the biggest demand of society and top priority of his government.
Negotiators from the U.S., Canada and Mexico will focus on topics including e-commerce and investment as the second round of talks to update the North American Free Trade Agreement get underway in Mexico City on Friday.
Donald Trump’s repeated threat to terminate the North American Free Trade Agreement could bring a little bit closer together the two U.S. partners who he’s complained about most: Mexico and China.
President Donald Trump won’t be in the room when negotiations resume on Friday to revise the North American Free Trade Agreement, but his threats to blow up the talks could figure prominently.
President Donald Trump, speaking on Tuesday night in Arizona near the Mexican border, said it looks inevitable the U.S. will pull out of the North American Free Trade Agreement. It’s a now familiar threat -- but no less concerning given the U.S. just this week wrapped up the first round of negotiations with Mexico and Canada to revise the trade agreement by early next year.
As negotiators entered their third day of talks to update the North American Free Trade Agreement, the top representative for Mexico’s private sector said the nation needs to be prepared for all scenarios, including the possible end to the deal.
President Donald Trump doesn’t want a fresh coat of paint on the North American Free Trade Agreement. He wants to strip the house down to the studs.
President Donald Trump isn’t looking for a “mere tweaking” of the North American Free Trade Agreement, and will be seeking a major overhaul to a deal he believes has failed Americans, Trump’s top trade official said as talks began with Mexico and Canada to revamp the accord.
Leading the U.S. charge to cut the trade deficit is a group of trade chiefs who don’t take no for an answer. But check who’s showing up for Mexico and Canada.
Free trade between Canada and Mexico is in part an accident of history: two nations, each the other’s afterthought, came together in their shared race to capitalize on the U.S. market.
With less than one month to go before the start of formal talks to update the North American Free Trade Agreement, Donald Trump is keeping as his top envoy south of the border a Mexico expert promoted under Hillary Clinton and chosen by Barack Obama.
President Donald Trump said the U.S. wants to reduce trade imbalances with Mexico and Canada and boost exports of everything from farm goods to financial services as it prepares to kick off talks to revamp the North American Free Trade Agreement.
German Chancellor Angela Merkel took a shot at President Donald Trump’s proposed border wall, telling an audience in Mexico that a physical barrier won’t resolve any country’s immigration issues.
Angela Merkel is taking her campaign to buttress the global order against the disruptive presidency of Donald Trump to Latin America.
For Mexican presidential front-runner Andres Manuel Lopez Obrador, Sunday’s election must have been bittersweet.
President Enrique Pena Nieto’s party appeared to pull off a narrow victory in the election for governor of Mexico’s largest state, according to preliminary results, throwing it a lifeline ahead of next year’s general vote.
Mexico’s government rejected research showing the country had become a more deadly conflict zone than Afghanistan and Iraq, after President Donald Trump retweeted a report on the findings.
Mexico’s economic fundamentals suggest that the peso still has room to appreciate after its world-beating rally from a record low at the start of the year, according to the nation’s finance minister.
Support for Mexican populist candidate Andres Manuel Lopez Obrador is dropping as former first lady Margarita Zavala gains, according to a poll of potential candidates for the nation’s July 2018 presidential election.
Mexico is prepared for the end of the North American Free Trade Agreement if it can’t reach a deal with the U.S. and Canada that benefits all three nations, the country’s top diplomat said.
Ending the U.S. free-trade deal with Mexico, as Donald Trump threatened during his presidential campaign, would hand a significant victory to China, former Treasury Secretary Lawrence Summers said.
President Donald Trump’s top trade adviser is quietly working to forge an alliance with Mexico, even as U.S. plans to build a border wall and threats to withdraw from Nafta continue to inflame tensions with its third-largest trading partner.