Mexican authorities confirmed Wednesday that a re-designed NAFTA deal with the United States may be “hours away,” adding a trade “solution” between the two nations is rapidly taking shape.
According to Reuters, Mexican Economy Minister Ildefonso Guajardo addressed reporters before holding high-level negotiations with his American counterparts, saying “We hope that we’ll have a solution in the next couple of hours, or the next couple of days.”
“Since restarting last month, the talks have focused on settling differences between Mexico and the United States that go to the heart of U.S. President Donald Trump’s complaint that NAFTA has hollowed out U.S. manufacturing to Mexico’s benefit,” writes Reuters.
President Trump has repeatedly threatened to withdraw from the international agreement in recent months, saying unfair trade deals with Mexico and Canada have severely damaged America’s manufacturing base.
Read the full report here.