US President Donald Trump wants to renegotiate the North American Free Trade Agreement. But the Mexican government rejects renegotiation. The dispute could have unintended conequences for US corporations and the American economy.
Mexican negotiators have vowed to "present proposals and counterpoints" in a bid to stop a sunset clause on the trillion-dollar trade deal. The US president has threatened to "terminate" NAFTA even before talks finish.
General Motors, Toyota and Volkwagen are among the members of a new coalition to urge the United States to remain in the NAFTA trade deal. President Trump threatened to withdraw from it for a number of reasons.
Talks on the NAFTA trade agreement between the US, Mexico and Canada have stalled over the US insistence a rewritten deal reduces the US trade deficits. Washington has vowed to withdraw unless its demands are met.
US President Trump has warned that tough talks lie ahead on the future of NAFTA, indicating that the US could withdraw. Trudeau has said he is optimistic about the deal's fate but admitted there was room for improvement.
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