Mexico says US, Canada could reach new NAFTA deal in 48 hours - News Summed Up

Mexico says US, Canada could reach new NAFTA deal in 48 hours


The United States and Canada have told Mexico they could reach a compro­mise within 48 hoursMEXICO CITY: The United States and Canada have told Mexico they could reach a compromise within 48 hours on keeping the updated North American Free Trade Agreement a three-country deal, the Mexican economy minister said Friday. In the United States, there is a three-month time-frame for doing so– meaning Congress must have the text of the deal by Sunday. US President Donald Trump has been pushing for a complete overhaul of the 25-year-old trade deal, which he says has been a ‘rip-off’ for the United States. Ottawa is also seeking assurances that the United States will not, after signing a new NAFTA deal, turn around and hit Canada with punitive auto tariffs. “There is no fatal date, there is still time to reach a deal,” he told a press conference earlier Friday.


Source: The Express Tribune September 29, 2018 08:15 UTC



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