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U.S.-Mexico NAFTA talks drag on as autos sticking points emerge

Firstpost Saturday, 11 August 2018
By David Shepardson and David Lawder WASHINGTON (Reuters) - Talks between the United States and Mexico over the future of the North American Free Trade Agreement were set to drag into next week, as auto industry officials said on Friday that new sticking points had emerged over President Donald Trump's threat to impose steep automotive tariffs. Auto industry officials familiar with the talks said the Trump administration wants the ability to impose national security tariffs on future Mexican production from new auto assembly and parts plants. These officials said U.S negotiators had essentially agreed that a new NAFTA trade deal would exempt existing Mexican auto plants from any "Section 232" tariffs that Trump may impose.
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News video: Mexico Is Working As 'Fast As Possible' To Get NAFTA Auto Deal With The US

▶ Mexico Is Working As 'Fast As Possible' To Get NAFTA Auto Deal With The US 00:32

Mexico wants to work with the U.S. to try and reach a deal on auto sector rules. Mexican Economy Minister Ildefonso Guajardo said they are working on a new NAFTA deal. He said they are doing their best “to do it as fast as possible.” Mexico recently held a joint news conference on the closing of...

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