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If Donald Trump triggers US withdrawal from NAFTA, Mexico leaves the talks


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If US President Donald Trump starts a process of withdrawing the country from the North American Free Trade Agreement (NAFTA), Mexico will leave the negotiations. This was announced by Mexican Foreign Minister Luis Videgaray Caso. Earlier this week, Donald Trump said he would probably have to shut down NAFTA in order to get a fairer deal with the economic partners Mexico and Canada.
Asked if Mexico would continue to negotiate if Trump triggered the withdrawal process, Videgaray replied: “No”.
The Mexican Foreign Minister told that he, US trade representative Robert Lighthizer and US Secretary of Trade Wilbur Ross, agreed yesterday to continue a “serious” negotiation process. Almost at the same time, Trump repeated in a speech in Missouri his threat to end the deal.
Videgaray and Mexican Economy Minister Ildefonso Guajardo arrived in Washington after Trump’s almost daily threats the second round of NAFTA talks, which will be held from September 1 to September 5 in Mexico. The need for a back-up plan in case Trump shreds the deal underpinning a trillion dollars in annual trade in North America has been a long-standing position of Guajardo.
Mexico has shrugged off such talk as negotiating bluster, and the peso – which at the start of the year plunged sharply on Mr Trump’s dire predictions – has held steady. But Mexico acknowledges that reaching a deal with such a mercurial partner is far from assured and may not be possible.