US President Donald Trump has threatened to impose tariffs on car imports. It is part of his strategy to entice companies to produce in the United States instead of abroad. One country that could stand to lose from the move is Mexico.
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?
US President Donald Trump has announced a breakthrough in talks on a new trade pact with Mexico, saying he hoped the "really good deal" would be joined by third NAFTA member Canada, which didn't take part in the talks.
Bilateral discussions between Mexico and the US over the beleaguered NAFTA trade deal will continue into the weekend. The two countries have issues of their own to resolve before Canada will return to the table.
Rising debt, US interest rate hikes, but above all simmering trade conflicts will take their toll on Asia's growth prospects next year, the Asian Development Bank (ADB) has said in an update of its regional outlook.
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