US, Mexico NAFTA negotiators to resume talks next week - minister

US, Mexico NAFTA negotiators to resume talks next week - minister

US, Mexico NAFTA negotiators to resume talks next week - minister

Mexico's Economy Minister said on Friday that bilateral talks with the United States over the future of the NAFTA trade deal will drag into next week, and the timing of Canada's return to the negotiations will depend on how fast they resolve issues. He described the newly elected Mexican president as "an absolute gentleman". "And then the idea will be can we get a big trade deal prior to [Donald Trump's] next election" in 2020, Farley said.

Trump added that Canada "must wait" to rejoin the NAFTA talks.

President Trump on Friday threatened tariffs on Canadian-made cars if USA officials can't strike a deal with the country on overhauling the North American Free Trade Agreement.

Trump went on to warn that he would tax Canadian auto exports if Washington and Ottawa could not arrive at a deal.

Adam Austen, a spokesman for Canadian Foreign Minister Chrystia Freeland, who is leading NAFTA trade talks for Canada, said the minister was in regular contact with her Mexican and USA counterparts.

Tesla seeking wide investment pool for its take-private plan
A second source close to the situation also said PIF was not taking part in any such plan at this stage. If a deal involves debt financing, those providing funding could expect fees of about US$500 million.

"We're glad Mexico and the USA continue to work out their bilateral issues".

"But as I said before: nothing is closed until everything is closed".

However, if the US and Mexico can resolve their bilateral differences early next week, the source says Canada's team - possibly including Foreign Affairs Minister Chrystia Freeland - could rejoin negotiations later in the week.

Before he entered the meeting, Guajardo said Mexico was getting close to overcoming sticking points with the United States.

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