Trump says he's close to reaching Mexico trade deal, raising fresh doubts over NAFTA's future

Washington - US President Donald Trump will sign a private trade agreement with Canada on Wednesday to sign a trade agreement with the United States with Mexico and then to cast new doubts about the future of the North American Free Trade Agreement (NAFTA) There was a possibility.

Mr. Trump said to reporters at a ministerial meeting in Washington Wednesday that the US and Mexico are "approaching" a trade agreement and that the government could later negotiate with Canada later. The president said he and the newly elected Lopez Obrador "was better".

Prior to the White House Ministerial Conference, Prime Minister Trump told reporters, "We had a very good discussion with the new President of Mexico and Mexico, they had overwhelming victory, and we are good at trade agreements I worked. "

"So we will see what will happen, we may reach an agreement with Mexico separately, we will negotiate with Canada later, but we are very good with Mexico I am discussing it. "

During the campaign, Mr. Trump promised to reform the trade agreement of the United States, Canada, Mexico and the 24-year North American Free Trade Agreement.

However, negotiations that started in August last year are behind schedule. Originally scheduled to be completed by the end of 2017, due to the efforts of Canada and Mexico to meet the needs of the United States and the United States, the deadline was extended several times.

President of Mexico Andrés Manuel Lopes Ovrador said that he hoped to build a good relationship with the United States and that his transition team would like to participate in future North American Free Trade Agreement negotiations. He met with Secretary of State Mike Pompei last week.

Mexican economic minister Ildefonso Guajardo said on Wednesday he will go to Washington for bilateral trade negotiations on July 26 and meet with Canadian officials.

Guayado, the highest trade official in Mexico, told reporters that the three countries "are restoring negotiations on the North American Free Trade Agreement".

Whitehouse spokesman Sarah Sanders asked whether talks between the three countries and Canada's negotiations ended. "We continue these two processes, of course we are very happy to be able to do this with a bilateral agreement, but we will continue to talk twice.

At a ministerial meeting on Wednesday, Pompei said he hoped for immediate progress in trade negotiations.

"We told them that the immigration problem had to be solved and that a strong border is needed," he said in a visit last week.

"We discussed trade issues with them, I think there are more questions to tell within a few days - we are trying to solve the progress of the North American Free Trade Agreement, I am confident "

Mr. Trump adopted a more aggressive trade protectionism position compared to recent predecessors, which led to retaliatory measures in countries around the world.

On Monday, the United States began a World Trade Organ dispute suit against North American neighboring countries, China, the European Union, and Turkey and asked about the tariffs of each country against US tariffs on steel and aluminum.

President's election campaign promised to abolish the North American free trade agreement and other trade agreements he considers as unfair for the United States and to replace it with Mexico on August 27, 2018 We announced the agreement. The so-called trade agreement between the United States and Mexico will maintain tax-exempt access to agricultural products on both sides of the border, eliminate non-tariff barriers, and encourage more agricultural trade between Mexico and the United States. Congress needs to vote to approve trade agreements that effectively replace the North American Free Trade Agreement. On September 30, the US and Canada agreed to reach an agreement to replace the North American Free Trade Agreement. This is now known as the USMCA - US Mexico - Canada Agreement. Participants said in a joint press release between the US and Canadian trade offices.

The first major factor affecting the value of the Mexican peso is the future as a pillar of North American Free Trade Agreement and trade between Mexico, Canada and the United States. Since the cardinal election in 2016, the future outlook for the North American Free Trade Agreement has pushed the peso against the US dollar. This is due to trump agreements and strong remarks on exports related to the North American Free Trade Agreement which supports the important part of the Mexican economy. The peso was in a relatively crazy situation as the playing cards threatened to withdraw from the North American Free Trade Agreement many times during his presidential election. Recent good news about the future of the North American Free Trade Agreement, including the announcement of the new agreement provided, brought pesos to the best week from the end of 2016. The new declaration of trumps entails increasingly hostile immigration statements and requires the inclusion of immigration control agreements in the North American Free Trade Agreement.