Canada, Mexico Shrug Off Trump’s Latest Threat to Blow Up NAFTA Alexander Panetta - Canadian Press | |
go to original August 23, 2017 |
Mexico says Trump's unsurprising NAFTA threats a negotiating tactic (Wochit Politics)
Update: Mexican Peso Recovers from Steepest Losses as Market Sees No Proof Trump Is Dropping NAFTA (CNBC)
Donald Trump’s sudden threat to blow up NAFTA less than a week into its renegotiation isn’t drawing much of a response from the other North American countries, which are downplaying his remarks.
Canada and Mexico say it’s a predictable event in the course of a trade negotiation.
“As we said last week, trade negotiations often have moments of heated rhetoric,” said Adam Austen, a spokesman for Foreign Affairs Minister Chrystia Freeland. “Our priorities remain the same and we will continue to work hard to modernize NAFTA, supporting millions of middle class jobs.
“Canada’s economic ties with the United States are key to middle-class jobs and growth on both sides of the border. Nine million American jobs depend on trade and investment with Canada.”
The Mexican foreign minister described it as an obvious leverage play: “No surprise: we’re in a negotiation,” Luis Videgaray tweeted in response to Trump. “Mexico will remain at the table with calmness, firmness and in the national interest.”
This comes after the president told a partisan crowd at a rally that he doubts a deal is possible. Trump said he’ll try negotiating but will probably wind up killing NAFTA.
“Personally, I don’t think we can make a deal,” Trump told a campaign-style rally in Arizona on Tuesday night. “Because we have been so badly taken advantage of. They have made such great deals – both of the countries, but in particular Mexico – that I don’t think we can make a deal.
“So I think we’ll end up probably terminating NAFTA at some point.”
Read the rest at iPolitics
Related: If Trump Wanted to Terminate NAFTA, He Would've Done So Already: Videgaray (El Universal)
Related: NAFTA Countries Enter Confidentiality Deal on Negotiations (The Canadian Press)
Related: Justin Trudeau, Unlike Trump, Is Taking NAFTA Renegotiation Really Seriously (Vox)
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