Mexico says NAFTA talks with US to drag into next week

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President Trump on Friday threatened tariffs on Canadian-made cars if US officials can't strike a deal with the country on overhauling the North American Free Trade Agreement. "Nobody will threaten us that our borders will be closed or militarised", Lopez Obrador, who takes office December 1, had said.

The NAFTA is a deal signed by the US, Canada and Mexico, creating a trilateral trade bloc in North America.

The negotiations stalled due to Trump's favour for a sunset clause in U.S. trade agreements, requiring parties to renew them every five years.

But the USA negotiators do not want to apply the same guarantees to new Mexican auto plants, the officials said, as the potential threat of 25 percent tariffs would discourage new automotive investment in Mexico to serve the US market.

"We keep working, we are advancing and progressing with various issues, this morning we covered a good number of them", Guajardo said. He says the country's "Tariffs and Trade Barriers are far too high" and is threatening to "tax cars if we can't make a deal!" But he is threatening Canada with auto tariffs if the United States and Canada can't forge a deal.

United States and Mexican officials have said they aim to conclude discussions this month and it is the third straight week ministers have traveled to Washington for meetings.

A USTR spokeswoman declined to comment on the content of the discussions.

Guajardo said negotiators were leaving some issues for last and that the sunset clause, which was "highly complex", had not yet been touched.

Asked if he could finish the U.S. -Mexico issues on Friday, Guajardo said "I don't think today but we are very close".



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