As we have headlined numerous times in the last week, NAFTA talks between US and Mexico were nearing coimpletion and according to CNBC have now “concluded,” with an announcement due today.
NEW: Mexican official says “we’ve concluded” talks with the US; announcement will come today.
(US and Mexican negotiators will meet again at USTR this morning, likely to chart announcement details and next steps.)
— Kayla Tausche (@kaylatausche) August 27, 2018
MORE: Mexican official says deal should come “midday” — says US, Mexico have “reached understanding on key issues” and that Canada will now “re-engage” https://t.co/Ey7G2g9YiK
— Kayla Tausche (@kaylatausche) August 27, 2018
This sparked buying pressure in US stocks and the Mexican Peso and dollar weakness.
While Trump has floated the idea of negotiating bilateral trade accords – finalizing one with Mexico before moving on to Canada – Bloomberg notes that both Mexico and Canada have said they want to keep a three-nation deal.
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