Mexico: Tariffs would certainly be a deal breaker on NAFTA

Start the countdown: President Trump’s team can officially start trade talks with Canada as well as Mexico on August 16 to renegotiate NAFTA.

U.S. Commerce Secretary Wilbur Ross made of which point Wednesday.

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“of which’s when the formal negotiations can get going,” Ross said at the Bipartisan Policy Center, a DC think tank. Ross did not clarify if talks would certainly in fact begin on August 16.

The U.S. has to wait 0 days after Trump officially notified Congress of his intent to renegotiate. He sent of which letter on May 18.

President Trump campaigned heavily against NAFTA, the free trade agreement between the U.S., Canada as well as Mexico. He blames the item for the loss of millions of US manufacturing jobs.

Trump promised to get a completely new deal of which would certainly bring manufacturing jobs back or withdraw by NAFTA.

Ross is actually keenly aware the U.S. doesn’t have time to spare. Mexico has presidential elections in July 2018 as well as campaigns will get going early next year. The leading candidate, Andres Manuel Lopez Obrador, promises to also get tough on trade with the U.S.

All of which adds urgency to finish talks with current Mexican leaders.

Related: Trump pulls the 0-day trigger on NAFTA talks

“We probably develop the best window by right now till December or January,” Ross said.

Ross has cooled down the administration’s rhetoric on NAFTA of which year, even though he did get tough on Canada, slapping a 20% tariff on Canadian lumber.

of which issue aside, Ross said Americans should not expect a completely new NAFTA to be a “silver bullet” for saving jobs. He noted of which many factory jobs have been lost due to automation.

“No one is actually saying of which is actually the silver bullet of which solves everything for the country,” Ross said. “Not all the unemployment problems…are the result of NAFTA or any various other trade agreement, some of them are due to increased automation.”

sy88pgw (completely new York) First published May 31, 2017: 5:13 PM ET


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