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Kudlow: Trump to try a different approach to NAFTA
On ‘Fox & Friends’ White House National Economic Council director, describes the fight for fair trade and the president’s economic agenda.
The United States and Mexico look close to the solution of key differences to the North American Free Trade Agreement, and can be a complete deal worked out already on Monday, according to sources close to the talks
Three people familiar with the progress, told Bloomberg that there will be significant breakthroughs in the last few days the topics will range from AUTOMOBILE, energy, although it is unclear if the progress will be told in public, as Mexico’s economy Minister Ildefonso Guajardo, the country is not an announcement of NAFTA, up to Canada, too, reports a new deal.
White House Press Secretary Sarah Sanders said on Sunday morning that the administration “no announcements or anything at this time,” despite President Trump’s enthusiastic tweet on Saturday that it could be a “big Trade Agreement” soon.
To tweeted “our relations with Mexico getting closer and closer hour by hour,” Trump. “A couple of really good people in the old and new government, and all work closely together….A large trade agreement with Mexico could leave soon!”
Our relationship with Mexico is getting closer by the hour. Some really good people in the old and new government, and all work closely together….A large trade agreement with Mexico could leave soon!
— Donald J. Trump (@realDonaldTrump) August 25, 2018
Despite Trump’s often controversial relationship with Mexico, his administration and the outgoing Mexican President, Enrique Peña Nieto have worked for the last five weeks to iron their bilateral differences, so that Canada can re-Region the discussions on the updating of the NAFTA. Both countries want to conclude an agreement this month so that it can be signed before the President of Mexico, Andrés Manuel López Obrador’s inauguration in December.
One of the biggest issues on the negotiating table deals with the car manufacturing jobs, as the trump administration is pushing for a deal that would boost factory employment in the United States
The United States agreed on Thursday, the 2.5 percent tariff currently in place in the World Trade Organisation rules, if the cars are in factories that already exist, which leaves open the possibility that automobiles are built, new plants will face charges of 20 percent to 25 percent.
Trump has also signaled that it is disconnected open for the negotiation of trade agreements with Mexico and Canada, while both countries have said they want to keep to employ the three-nation, dates back to the year 1994.
Earlier in August, Trump Canada threatened with car rates, if the United States and Canada, you can’t forge a deal.
“Canada will have to wait,” Trump tweeted. “Their tariffs and trade barriers are much too high. Will tax cars, if we don’t make a deal!”
Canada responded with a statement on Friday evening saying: “Our focus is unchanged. We will keep standing up for Canadian interests as we on the way to a modernized trilateral NAFTA agreement.”
Adam Austen, spokesman for Canada’s Minister added: “We are pleased that Mexico and the United States continue their bilateral problems. It is the only way we get to make a business.”
The Associated Press contributed to this report.