The US and Mexico on Monday reached a deal to replace the North American Free Trade Agreement (NAFTA) with the ‘United States-Mexico Trade Agreement’.
Mexican President Enrique Peña Nieto said his country wanted to incorporate NAFTA partner Canada into the new deal.
US President Donald Trump had threatened to withdraw from NAFTA, claiming that the trilateral deal disadvantaged the United States.
“I think with Canada, frankly, the easiest we can do is to tariff their cars coming in. It’s a tremendous amount of money and it’s a very simple negotiation. It could end in one day and we take in a lot of money the following day,” President Trump said.
Mexican President wants to sign the agreement before leaving office at the end of November, and Canada PM Trudeau faces a national election expected by October 2019.
