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.


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