Tuesday, January 24, 2017

Mexico ready to quit NAFTA if US talks fail

Mexico ready to quit NAFTA if US talks fail: Mexico drew red lines on Tuesday ahead of negotiations with US President Donald Trump's administration, warning it could quit the talks and a major trade pact if the discussions hit a wall.

During the US election campaign, Trump vowed to make Mexico pay for a massive border wall and threatened to finance it by tapping into the $25 billion in remittances that Mexican migrants sent back home last year.

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