Mexico Will 'Mirror' Policy on Any US Trade Tax Change Michael O'Boyle - Reuters
go to original January 23, 2017

Trump vows to 'start renegotiating' free trade agreement with Mexico, Canada (CGTN)

Update: United States Leaves Trans-Pacific Economic Agreement (Prensa Latina)

Mexico's economy minister said his country was ready to renegotiate trade rules with the United States and that any change in U.S. tax policy that affected imports would have to be countered with a "mirror action" in Mexico.

U.S. President Donald Trump told a meeting with U.S. executives on Monday that companies would face a "major border tax" if they shifted jobs outside the United States. Such a measure could affect Mexico's exports to the United States, its top trading partner.

"If there is any action that punishes imports to the North American market and encourages U.S. exports, you have to reflect it in a mirror action to counteract the change of incentives that this would make for activity and investment in Mexico," Economy Minister Ildefonso Guajardo said in an interview in the newspaper El Universal on Monday.

Trump said on Sunday he planned talks soon with the leaders of Canada and Mexico to begin renegotiating the North American Free Trade Agreement (NAFTA). He was expected to issue an executive order to start the process as early as Monday, NBC News reported, citing an unidentified White House official.

Guajardo said Mexico was ready to renegotiate NAFTA with Trump, but it was not possible to detail what Mexico would seek in the talks until Trump's administration had made its own plans clear.

Read the rest at Metro

Related: Trump Vows to ‘Start Renegotiating’ NAFTA with Mexico, Canada (Agence France-Presse)

Related: Mexico President Speaks with Canada's Trudeau Ahead of Trump Talks (Reuters)

Related: NAFTA Becomes a 1,000-Mile Step Backward for US and Mexico (Deutsche Welle)

Related: Canada Weighing Whether New Trade Deals with the United States Should Exclude Mexico (The Globe and Mail)

Related: The Futures of Mexico and the US Are Interlocked – Whatever Trump May Say (The Guardian)

We invite you to add your charity or supporting organizations' news stories and coming events to PVAngels so we can share them with the world. Do it now!