Trade Talks with Mexico Going Well; Canada Should Wait

NAFTA talks with Mexico drag on due to autos sticking points - Autoblog

Bloomberg reports that Trump's harsh words came in a tweet late Friday, which also praised Mexico's president Andres Manuel Lopez Obrador as being an "absolute gentleman".

"Canada must wait", Trump tweeted.

At the close of the third consecutive week of discussions in Washington, Guajardo said a deal was still possible by the end of the month.

"Deal with Mexico is coming along nicely".

"Canada must wait. Their Tariffs and Trade Barriers are far too high".

US President Donald Trump is once again threatening to impose tariffs on vehicles coming from Canada. "We'll keep standing up for Canadian interests as we work toward a modernized trilateral NAFTA agreement".

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Canadian officials are saying they have been involved in the negotiations, arguing there have been lots of bilateral talks between NAFTA partners during the yearlong renegotiation process. Will tax cars if we can't make a deal!'

At the same time, relations with Canada have been tense since June's Group of Seven meeting held in Quebec, when President Trump renounced support for the summit's communique and took parting shots at Canadian Prime Minister Justin Trudeau for promising to stand up to US tariffs.

Canada is among the many countries to express concern about Trump's threat to impose tariffs on imported automobiles, especially amid ongoing tensions over Trump's metal levies. The level of confrontation in the pair's auto negotiations has decreased since Washington dropped a demand for a US content requirement, but Ottawa is gearing up for more contentious fights.

The President-elect appears to have struck a rapport with Trump after promising to improve Mexico's economy and security when he takes office in December.

Industry officials also said the USA team had barely moved from its demands last May of a 75-percent overall regional content threshold with 40-45 percent content from high-wage zones - effectively the United States and Canada - with the only substantial change a slightly longer phase-in time. But the USA side was sticking to a hard stance in the final stretch of the year-old NAFTA talks, trying to extract concessions as another late August deadline for a deal approaches, one industry representative said.

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