Mexico warns America against upcoming protectionist war

Mexico warns America against upcoming protectionist war

On Thursday, Mexican officials warned that recent US proposals in ongoing NAFTA talks would provoke protectionism as well as higher prices rather than free trade because worries about the future of the deal helped to drag the Mexican peso to four-month minimums.

The United States, Canada and Mexico are due to start a fourth round of negotiations next week in Washington to discuss the North American Free Trade Agreement or NAFTA for short.

As senators from President Enrique Pena Nieto's Institutional Revolutionary Party told, they wouldn’t appreciate any deal, with proposals such as setting a national quota for US-made car parts as well as increasing controls over the trade in fresh products.

Senator Marcela Guerra stressed that his country is deeply concerned over what America has recently added in the free-trade talks.

On the contrary, Donald Trump told that NAFTA has hollowed out American manufacturing, thus sending jobs to Mexico and driving an American goods trade deficit of more than $60 billion with Mexico.


British employees will face new hit to spending power in 2018

UK employees are expected to face another hit to their spending power next year, while the vast majority of their peers in the world's other well-developed economies will enjoy small gains, as human resources company Korn Ferry informed on Tuesday…


promotions you can be interested in

Deposit with your local payment systems


A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera