US president Trump has declared his goals for the renegotiation: reduce the US trade deficit and the loss of US manufacturing jobs. The other two partners reluctantly admit that a modernized NAFTA might even improve trade relations.
German engineering company Bosch says it is making a large investment in Mexico by building a plant in Celaya. It will be needed to meet rising demand in electronics components for the auto industry.
The US president is staying home from what would have been his first visit to Latin America and a chance to ease foreign leaders' policy concerns. Donald Trump's message: The region is not a priority for the US.
US President Donald Trump has suggested Canada and Mexico could win exemptions to his planned tariffs on steel and aluminum if they agree to a new free trade deal. Ottawa said this was "absolutely unacceptable."
Donald Trump may not always be aware of the consequences of what he says and does. But the debate he has triggered with his comments on free and fair trade could be helpful to bring about change, says DW's Henrik Böhme.
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