Trump says progress made toward trade deal with Mexico, but warns Canada

‘Canada must wait’ on trade deal but agreement with Mexico coming along nicely, Trump tweets

Trump Threatens Tariffs on Canadian-Made Cars

Trump late on Friday tweeted that a "deal with Mexico is coming along nicely.

"But as I said before: nothing is closed until everything is closed".

These officials said U.S negotiators had essentially agreed that a new NAFTA trade deal would exempt existing Mexican auto plants from any "Section 232" tariffs that Trump may impose.

The renegotiation of the regional free trade deal started in August 2017 at the request of U.S. President Donald Trump, who claims the original agreement harms U.S. industries and jobs.

At the close of the 3rd consecutive week of discussions in Washington, Guajardo said a deal was still possible by the end of the month.

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

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The total number of hours worked in July expanded 1.3 percent, a slightly slower pace than the June reading of 1.4 per cent. The report said the main cause of the drop was due to the fact fewer young people were looking for work.

The US and Mexican teams have spent a lot of time on issues involving the auto industry and Guajardo said earlier this week they had reached an agreement on the US demands that a share of vehicle components with duty-free treatment come from countries with high wages.

Before entering the meeting with Lighthizer, Guajardo was asked by reporters whether Canada would take part next week in the talks, and he said "possibly".

"New President of Mexico has been an absolute gentleman", Trump tweeted.

"But we have to make sure that the US-Mexico bilaterals (are) done", he said.

But the USA side was sticking to a hard stance in the final stretch of the year-old NAFTA talks, trying to extract concessions as another late August deadline for a deal approaches, one industry representative said.

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