Mexico Warns U.S. It'll Cut Off Nafta Talks If Tariffs Proposed
Source: Bloomberg
Mexicos top trade negotiator doubled down on threats to break off talks to rework Nafta, saying his country will walk away if the U.S. insists on slapping duties or quotas on any products from south of the border.
The moment that they say, Were going to put a 20 percent tariff on cars, I
get up from the table, Mexican Economy Minister Ildefonso Guajardo said in an interview. Bye-bye.
This doesnt mean, Guajardo emphasized, that Mexico would be looking to scrap Nafta. But by saying it refuses to even discuss the kind of tariffs President Donald Trump has long trumpeted, the country is ratcheting up the pressure on U.S. negotiators and effectively daring them to pull out of the 23-year-old pact.
Trump has lambasted the accord -- which also includes Canada -- as unfair and responsible for a massive imbalance favoring Mexico. It last year shipped $294 billion worth of goods north while the U.S. sent $231 billion south.
Read more: https://www.bloomberg.com/news/articles/2017-02-27/mexico-warns-u-s-it-ll-cut-off-nafta-talks-if-tariffs-proposed?utm_content=politics&utm_campaign=socialflow-organic&utm_source=twitter&utm_medium=social&cmpid%3D=socialflow-twitter-politics
jpak
(41,742 posts)TexasTowelie
(111,302 posts)randr
(12,408 posts)with other Nations of the Americas. The threat Trump does not see coming is a split in American continental alliances which could bring about a very bleak future.
yallerdawg
(16,104 posts)Democrats come in and clean it up.
Just one difference between parties!
If we'd skip the Republican part, we wouldn't have to waste all our time cleaning up the messes.
NurseJackie
(42,862 posts)When bullies are taken down by their victims who fight back...
Follow up interview with local media: