Mexico presses Trump to uphold NAFTA for good of both nations

Mexico presses Trump to uphold NAFTA for good of both nations

Ross, a billionaire investor, said "I believe that enforcement will be one of the major tools for fixing things".

President Donald Trump promised to renegotiate the North American Free Trade Agreement (NAFTA) after calls from the leaders of Mexico and Canada, and said "It would've been very disrespectful" if he had refused.

Trump has cited the USA trade deficit with Mexico as proof that the United States was the loser in the relationship, saying the Americans would be better off if the two nations did not trade at all.

Ross also acknowledged that the Trump administration's announcement that it wants to renegotiate NAFTA had contributed to the Mexican peso's decline and "misalignment" against the dollar.

"What we are restricting is trade that violates trade agreements or violates WTO rules".

And it is in the best interests of all three countries that it remain "as a trilateral agreement", he said, although he agreed it could be modernised.

He said World Trade Organization rules were slow to punish trade violators and singled out its most-favored nation clause as a problem for Washington because it allows widely divergent tariffs.

Mexico was responding to the U.S. commerce department's request for public input as it prepares a report for Trump on the United States' $500 billion annual trade deficit.

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However, he is one of the league leaders in chances created and, with the right players around him, could improve drastically. Barkley's current contract at Everton expires in the summer of 2018, with the midfielder yet to agree to a new deal.

But "we must work harder to make the case for trade".

"Mexico is the largest consumer of American products, and NAFTA encourages job creation in the United States, and the U.S. has a moderate trade deficit with Mexico", the State Department said.

At the same time the Trump White House will pursue "stricter enforcement than any previous administration", he said.

On the softwood lumber dispute, Canada's Mr Champagne said the U.S. duties were "unfair and unwarranted" and Ottawa is "taking steps to defend our industry".

"There is little point to trade agreement that is not honoured".

Mexico said that, without NAFTA, the average tariff on Mexican exports to the U.S. would be 3.5%, or about half the average tariff on USA exports to Mexico, because of the "most favoured nation" clause that would apply under WTO rules.

Asked about one province's request to ban imports of United States coal in retaliation, he stressed that Ottawa is looking at "options" to respond to the action from Washington.

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