Conservative parliamentarian Volker Ullrich weighs in on how Trump's plans to dismantle trade deals could hurt Germany's export industry.
The EU and Mexico have had a free trade agreement for 17 years, but have been negotiating a new one for the past 18 months. Following the most recent round of talks, hopes are high that a deal can be concluded next week.
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.
The UK could join a trade alliance with the US, Canada and Mexico if a post-Brexit trade deal with the EU falls through. The Telegraph report comes as PM Theresa May said progress had been made in the Brexit talks.
© 2017 Deutsche Welle |
Legal notice |
| Mobile version