US, Mexico close to deal to update NAFTA - Nissan launches China-focused electric car
As the US and Mexico unveil a reworked trade agreement, the old one's third leg, Canada, said its signature is needed and it may not sign it. But what have the US and Mexico agreed and how much leverage does Ottawa have?
Key figures in US President Donald Trump's own party have expressed their concern over his plan to introduce steel and aluminum import tariffs, and called for them to be scrapped. Trump said he would "stick to his guns."
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.
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."
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