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U.S. and Mexican trade negotiators are close to squaring away bilateral differences on the North American Free Trade Agreement (NAFTA) and will resume talks on Monday morning, Mexican Economy Minister Ildefonso Guajardo said on Sunday.
"We've continued making progress," Guajardo said. The Mexico-U.S. discussions have focused on crafting new rules for the automotive industry, which U.S. President Donald Trump has put at the heart of his drive to rework the 24-year-old pact he says has been a "disaster" for American workers.
originally posted by: pavil
Link
U.S. and Mexican trade negotiators are close to squaring away bilateral differences on the North American Free Trade Agreement (NAFTA) and will resume talks on Monday morning, Mexican Economy Minister Ildefonso Guajardo said on Sunday.
"We've continued making progress," Guajardo said. The Mexico-U.S. discussions have focused on crafting new rules for the automotive industry, which U.S. President Donald Trump has put at the heart of his drive to rework the 24-year-old pact he says has been a "disaster" for American workers.
Well look at that, a Trade Deal? I thought people said Trump could never get NAFTA reworked.
It's not a done deal, but the pieces are falling into place. Slowly but steadily, the Trump Administration is reworking our Economic Policies to be more beneficial to America.
So is NAFTA being negotiated a good thing, ATS?
originally posted by: introvert
originally posted by: pavil
Link
U.S. and Mexican trade negotiators are close to squaring away bilateral differences on the North American Free Trade Agreement (NAFTA) and will resume talks on Monday morning, Mexican Economy Minister Ildefonso Guajardo said on Sunday.
"We've continued making progress," Guajardo said. The Mexico-U.S. discussions have focused on crafting new rules for the automotive industry, which U.S. President Donald Trump has put at the heart of his drive to rework the 24-year-old pact he says has been a "disaster" for American workers.
Well look at that, a Trade Deal? I thought people said Trump could never get NAFTA reworked.
It's not a done deal, but the pieces are falling into place. Slowly but steadily, the Trump Administration is reworking our Economic Policies to be more beneficial to America.
So is NAFTA being negotiated a good thing, ATS?
We would have to see the specific details to know whether this is a good deal or not, or whether Trump did us any good.
I'll save my accolades and criticisms until then.
You might get to see that as soon as Today. It will take till the end of the year probably to finalize as Congress needs 90 Days to review.
Was NAFTA in need of renegotiation introvert?
originally posted by: introvert
originally posted by: IAMTAT
a reply to: pavil
Looks like the stock market is loving the news.
WINNING!
Canada NEXT.
Can you show how the rise in the market today is due to them "loving the news"?
originally posted by: pavil
originally posted by: introvert
originally posted by: IAMTAT
a reply to: pavil
Looks like the stock market is loving the news.
WINNING!
Canada NEXT.
Can you show how the rise in the market today is due to them "loving the news"?
Nasdaq hits 8,000 for the first time as US and Mexico move closer to striking NAFTA deal
originally posted by: introvert
a reply to: pavil
Don't they also have to talk to Canada about the specifics before they can do much at all?
Yes, but on a wide range of issues. This "negotiation" seems to only address the auto industry for the most part.
What about the rest of it?
Canada has sat out the most recent phase of the year-long discussions, and once it rejoined the talks, the three sides would need to work for at least another week, Guajardo said.
"Once the bilateral issues get resolved, Canada will be joining the talks to work on both bilateral issues and our trilateral issues," Chrystia Freeland, Canada's foreign minister, said Friday. "And will be happy to do that, once the bilateral US-Mexico issues have been resolved."
Under NAFTA, at least 62.5 percent of the net cost of a passenger car or light truck must originate in the region to avoid tariffs. Trump wants the threshold raised to 85 percent.
Ranging from calls for major changes to automotive content rules and dispute resolution mechanisms, to imposing a clause that could automatically kill NAFTA after five years, the chief stumbling blocks laid by the White House look unlikely to be removed in the latest Mexico City round, officials said.
Industry sources say they are close to agreeing on raising the regional automotive content threshold for tariff-free access under NAFTA to around 75 percent from 62.5 percent.
You are right, the devil is in the details, but overall the new NAFTA should be better from an American view, than the previous agreement.
originally posted by: introvert
a reply to: pavil
Looks like Trump won that battle as it is being raised 12.5%.
It looks as though they are also trying to enact a minimum wage standard as well, raising it to $16 or so.
originally posted by: introvert
a reply to: pavil
Yup. They still have to talk to Canada.
You are right, the devil is in the details, but overall the new NAFTA should be better from an American view, than the previous agreement.
I do not care if it "should" be better. I want to know the details so I can know for certain whether it is or not.
Fine. As long as Mexican Companies have to pay that to their employees as well. That benefits everyone involved. Less incentive to leave their Country.
Look at you....all impatient to see a new Trump Trade deal? Wonders never cease. Like I've said Congress will have 90 days to review by law.
originally posted by: pavil
a reply to: introvert
Lighten up, will ya? I'm just having a little fun with you.
Soon we will have details and you will be able to find things you don't like about the deal, Ok?
At least you admitted that NAFTA needed some adjustments.