In the ongoing series of negotiations between the United States of America and Mexico, U.S President Donald Trump has come out and appreciated Mexican efforts to finalise a new trade deal under NAFTA (North American Free Trade Agreement).
In a tweet earlier, President Trump stated that, “Deal with Mexico is coming along nicely. Autoworkers and farmers must be taken care of or there will be no deal.”
President Trump also lauded the Mexican President, Andres Manuel Lopez Obrador’s role in negotiating a new trade deal with the United States under the aegis of NAFTA. Curiously, it was just before Obrador’s election in July that the previous negotiations between Mexico and the United States had broken down.
On the other hand, President Donald Trump has also cautioned Canada against stalling negotiations and has invited them to participate more and negotiate a new trade deal under the North American Free Trade Agreement between the United States and Canada.
The President, in another tweet stated, “Canada must wait. Their Tariffs and Trade Barriers are far too high. Will tax cars if we can’t make a deal!” This comes after an awkward G-7 meeting a few months back and the United States slapping Canada and European allies with steel and aluminum duties.
Canada however, has refused to back down and has promised to stay its course. Promising that Ottawa won’t change course in light of President Trump’s tweet, a spokesperson for the Canadian Foreign Ministry said, “Our focus is unchanged. We’ll keep standing up for Canadian interests as we work toward a modernized trilateral NAFTA agreement.”
While the new trade deal between the U.S and Mexico hasn’t been finalized yet, the progress on issues such as automobiles has representatives of both camps optimistic. A lot will depend on how the United States and Canada will now take forward their stalling trade negotiations under NAFTA.