Nafta: Trump Wants Preliminary Agreement By Mid-April

The Trump administration is pushing for a preliminary Nafta deal to announce next week.

Furthermore, Trump plans to host cabinet ministers in Washington to try to achieve a breakthrough.

A Summit of the Americas begins April 13 in Peru.  The White House wants leaders from #Canada and #Mexico to join in unveiling the broad outlines of an updated pact at that time.  In addition, technical talks to hammer out the finer details and legal text could continue.

Meanwhile, major differences remain.  For example, the U.S. has proposed more North American content in automobiles. 

On Tuesday morning, Trump took to Twitter and reiterated a threat to pull out of Nafta if Mexico doesn’t stop people and drugs from flowing into the U.S. from Central America.  At the same time, he said that U.S. aid to foreign nations, such as Honduras, could be at stake.

On Sunday, Trump tweeted minutes before arriving at church for an Easter Sunday service that the Mexican government “must stop the big drug and people flows, or I will stop their cash cow, NAFTA. Need Wall!”

If the U.S. were to withdraw from Nafta, the consequences would be especially harmful to Mexico.  Mexico’s total exports in 2016 totaled $401.2 billion, of which 73% went to the U.S.

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