Trump says U.S. may pursue separate trade deal with Mexico

WASHINGTON (Reuters) – President Donald Trump said on Wednesday the United States may hammer out a separate trade deal with Mexico, continuing to sow doubts about the future of the North American Free Trade Agreement that he has frequently criticized, and then do a deal with Canada later.

Speaking to reporters as members of his cabinet gathered at the White House, Trump said there have been “good sessions” with Mexico and with President-elect Andres Manuel Lopez Obrador. Last week Secretary of State Mike Pompeo met with Lopez Obrador, who said he wants a good relationship with the United States and that his transition team will participate in future NAFTA talks.

At the White House cabinet meeting, Pompeo said he hoped to soon be able to show progress on trade talks and that he made clear during his Mexico visit that the administration sees a need for border security.

Trump is taking a more aggressive, protectionist posture on trade than his recent predecessors that sparked retaliatory measures from countries such as Mexico and Canada.

The United States launched World Trade Organization dispute actions against its North American neighbors on Monday, as well as China, the European Union and Turkey, to challenge tariffs the countries put in place following U.S. duties on steel and aluminum.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.