Mexican officials are happy to renegotiate a alternate care for President Trump and his crew to make it more balanced.
however they warn their US counterparts: do not play difficult and slap taxes on us.
“so long as these targets of rebalancing change aren’t about introducing tariffs or introducing quotas, we’re ok with talking about that,” Mexico’s financial secretary, Ildefonso Guajardo, instructed CNN’s Richard Quest on Monday.
Guajardo is Mexico’s high negotiator for NAFTA, the free alternate deal between the us, Mexico and Canada. Trump steadily lambasts NAFTA and as recently as last month, threatened to pull out of it.
related: Mexico’s message: ‘now we have numerous alternatives’
If Trump reiterates the risk, Guajardo indicated it might be a deal breaker for negotiations, that are expected to begin in August or September.
“clearly, Mexico won’t sit [at] the negotiating table with that roughly pressure,” Guajardo told Quest.
Leaders from all three nations tend to say the identical factor: they wish to “modernize” NAFTA, which became legislation in 1994. in any case, the agreement has nothing in it about e-commerce, Mexico’s power sector or telecommunications.
related: Senate confirms Trump’s top NAFTA negotiator
then again, Trump promised voters that a new NAFTA would bring manufacturing jobs back to america. it’s unclear how updating the settlement with these sectors will considerably create new manufacturing jobs.
NAFTA talks are getting into a sensitive environment. Trump slapped a 20% tariff on Canadian lumber and he not too long ago threatened to tax merchandise imported to the united states via Rexnord, which moved jobs to Mexico.
All of Trump’s tough speak hasn’t dimmed the hopes of Guajardo, who used to be one of the most original negotiators of NAFTA in the early Nineties.
“I will probably be reasonably optimistic,” about getting a good deal accomplished, Guajardo stated, although acknowledging it’ll no longer be a very simple renegotiation.
related: Trump on NAFTA: Will I settle for less than i am going in with? yes’
Guajardo spoke to CNN from Washington, where he’s touring to resolve a dispute with Trump administration officers over Mexico’s sugar exports to america.
Mexico’s sugar alternate with the us is only one of many thorny issues all sides will confront this year as President Trump calls for a “large” renegotiation of NAFTA.
despite Guajardo’s optimism, he is not taking Trump’s threats lightly, and he’s taking a look at different nations on the planet to amplify change relationships. This yr, he’s already met with or introduced plans to fulfill with officers from the eu Union, China, Brazil and Argentina.
Guajardo emphasizes that Mexico’s plan to diversify its economic system began well ahead of Trump. but its most up to date go back and forth to South the united states remaining week was once supposed to clearly a transparent signal.
“we’re at this time negotiating with Brazil and Argentina to open new choices for foodstuffs in Mexico simply in case things do not go the best way we wish them to go,” Guajardo said.
CNNMoney (ny) First published may 15, 2017: 5:08 PM ET
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