U.S. President Trump said his Mexican counterpart, Enrique Pena Nieto, should cancel his scheduled visit to Washington if Mexico refuses to pay for a wall.
Trans-Pacific Partnership (TPP) trade deal cannot proceed without the United States, Canada said on Tuesday, even as Australia and New Zealand pledged to salvage it.
Mexico could pull out of the North American Free Trade Agreement if a renegotiation of its terms does not benefit Latin America’s second largest economy, Economy Minister Ildefonso Guajardo said on Tuesday.
“Neither confrontation nor submission. The solution is dialogue and negotiation,” Mexican President Enrique Pena Nieto said.
U.S. President Donald Trump addresses business and trade issues on Monday. Highlights of the day follow…
Canada’s Prime Minister Justin Trudeau will begin a two-day retreat with his cabinet on Monday, focused mainly on the best approach to take with new U.S. President Donald Trump, whose vow to renegotiate NAFTA could damage Canada’s economy.
“We will work to strengthen our relationship with shared responsibility,” said Pena Nieto, who likened Trump’s rise to the ascent of Adolf Hitler and Benito Mussolini after the American’s broadsides early in the election campaign.
During the campaign, Trump called NAFTA the worst trade deal the United States has ever signed.
“We have to understand that trade is ultimately good, not just for our countries but for business and our workers,” Mr. Justin Trudeau.