7/17/2017 Fiscal Periods
As Mexico braces for the US to place its Nafta negotiating targets in crafting, most likely as soon as today, Washington’s letter last 7 days to South Korea tends to make ominous reading.
“President Trump continues to continue to keep his claims to lessen our trade deficit,” claimed US trade representative Robert Lighthizer. If the administration pursues that goal higher than all other folks in negotiations to revamp the North American Totally free Trade Settlement that could start in mid-August, Mexico fears the talks will go nowhere quickly.
The peril of pursuing such a plan was thrown into sharp target — pardon the pun — last thirty day period. US automaker Ford, which in January ditched a planned $1.6bn plant in Mexico less than pressure from Donald Trump, abruptly declared it was shifting output of its Ford Aim to China.
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