Trump announces new U.S.-Mexico trade deal, wants to eliminate NAFTA – National

Trump announces new U.S.-Mexico trade deal, wants to eliminate NAFTA – National

The United States and Mexico reached a deal on Monday to replace the North American Free Trade Agreement (NAFTA) and talks with Canada were expected to begin immediately in the hopes of reaching a final agreement by Friday, a senior U.S. trade official said.


READ MORE:
‘Canada’s signature is required’: Freeland cautiously optimistic about U.S.-Mexico NAFTA announcement

“We are now inviting the Canadians in as well and hope that we can reach a fair and successful conclusion with them as well,” the official told Reuters in an interview.

“There are still issues with Canada but I think they could be resolved very quickly,” the official said.

WATCH: Past Global News video coverage of NAFTA news


The U.S.-Mexico deal would require 75 percent of auto content to be made in the United States and Mexico, up from the current level of 62.5 percent, and would require 40 percent to 45 percent of auto content to be made by workers earning at least $16 per hour, a second official said.

— Reporting by Roberta Rampton and Jeff Mason Editing by Chizu Nomiyama. More to come.

(function(d, s, id) {
var js, fjs = d.getElementsByTagName(s)[0];
if (d.getElementById(id)) return;
js = d.createElement(s); js.id = id;
js.src = “http://connect.facebook.net/en_US/sdk.js#xfbml=1&appId=318812448281278&version=v2.9”;
fjs.parentNode.insertBefore(js, fjs);
}(document, ‘script’, ‘facebook-jssdk’));

Source link

About The Author

Momizat Team specialize in designing WordPress themes ... Momizat Team specialize in designing WordPress themes

Related posts

Leave a Reply

%d bloggers like this: