Mexico says NAFTA talks separate from Trump's tariffs policy

WORLDBONDS TERRORLAW

WORLDBONDS TERRORLAW

Earlier in a blackmailing tone, Trump had said Canada won't be exempted from the trade tariffs unless a new NAFTA is signed.

Canada and Mexico were never Trump's primary targets.

"That's a thinly-veiled reference to NAFTA negotiations, which are now in their eighth round of talks as the three countries seek to update the more than two-decade old agreement that governs trade between them", the Evans story continues.

On Thursday, US President Donald Trump confirmed his previously announced tariffs of 25% on steel and 10% on aluminium imports.

Trump is expected to sign a presidential proclamation establishing the tariffs during a ceremony scheduled for 3:30 p.m. (2030 GMT) on Thursday, a source familiar with the situation said.

Trump said on Twitter he looks forward to the meeting, tweeting, "We have to protect & build our Steel and Aluminum Industries while at the same time showing great flexibility and cooperation toward those that are real friends and treat us fairly on both trade and the military". Can they stand up to Trump or will they fold like a house of cards?

The tariffs rollout has been rife with confusion and dissension in the White House.

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Following the announcement of the United States import tariffs, the Mexican government recalled that, more than two years ago, in light of the global steel overcapacity, it took "timely" and "effective" measures to defend its industrial sector, raising import tariffs. "We're not trying to blow up the world".

Flavio Volpe, president of the Automotive Parts Manufacturers' Association said on Friday that he had been informed about cases of steel stockpiling.

America's rural voters are watching and listening to President Trump.

As pressure mounted against the tariffs, a leading business lobby group warned that the move would imperil US manufacturing and jobs. That scenario, Tom Donohue said, would endanger the economic momentum from the GOP tax cuts and Trump's rollback of regulations. "We urge the administration to take this risk seriously".

The president has said the tariffs are needed to reinforce lagging American steel and aluminum industries and protect national security.

It recognized the complex, integrated economies of all three trade partners in the North American Free Trade Agreement (NAFTA), and the damage a 25% import tariff on steel and 10% tariff on aluminum imports into the USA would cause all three nations.

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