Featured NewsIn The NewsMoney & The Economy

Trump’s next win on trade could come within days while Canada sits on the sidelines

President Donald Trump may claim another significant win next week on the international trade front as negotiations with Mexico are expected to conclude.

Mexico’s economy minister Ildefonso Guajardo told reporters Friday that he believes trade talks will conclude as early as next week.

“Hopefully we will be able to close up no later than the middle of the week,” he said.

The Chairman of the White House Council of Economic Advisers, Kevin Hassett, was equally optimistic that a trade deal could come soon.

“I think that we’re very, very close to a deal with Mexico,” Hassett told Fox Business News

Guajardo said that the few remaining issues, mainly involving autos, are close to resolution, but Canada could be a fly in the ointment.

“It would be a very big thing if the U.S. and Mexico have settled their issues,” Public Citizen’s Global Trade Watch director Lori Wallach said. “But there is no final NAFTA deal unless Canada, in the few remaining days, agrees to rejoin the process and also comes to an agreement.”

The negotiations are about the recrafting of NAFTA in a way more favorable to all parties. NAFTA is a three-way agreement that includes Canada and without the U.S.’s northern neighbor’s agreement, NAFTA could end up sidelined – permanently. Mexico wants to finalize a deal before President Enrique Pena Nieto leaves office on Dec. 1 and his less trade-friendly replacement takes over. Any delays by Canada could ruin the agreements between Mexico and the U.S. and perhaps force a bilateral agreement between the two trading partners.

The next meeting between Mexican and American officials is scheduled for Tuesday and Canada could enter negotiations shortly after U.S. – Mexico terms are finalized.

R. Mitchell

Rich Mitchell is the editor-in-chief of Conservative Daily News and the president of Bald Eagle Media, LLC. His posts may contain opinions that are his own and are not necessarily shared by Anomalous Media, CDN, staff or .. much of anyone else. Find him on twitter, facebook and

Related Articles

Back to top button
Sign up for our Newsletter

* indicates required field




Email Format


Subscribe!