Mexico's president-elect thanks Trump for being respectful

The Mexican peso is jumping on hope for NAFTA progress

Trump hints at making ‘a big trade agreement with Mexico’ | TheHill

Even as the USA and Mexico have largely finalized a deal on the new auto rules of origin, the US has been pushing for cars that don't meet the threshold to be subject to a 20%-to-25% tariff, according to the people familiar with the talks. He was one of the first people who Andres Manuel Lopez Obrador met with following his July 1 election as Mexico's next president.

"I have confirmation that she would be available the moment we believe we can enter into the trilateral" discussions, he said.

The Mexican peso rose almost 1% on Friday after reports that the U.S. and Mexico were nearing a preliminary breakthrough on NAFTA, which would bring the two countries and Canada closer to resolving back-and-forth trade negotiations that have dragged on for more than a year. The Trump administration is seeking a revised version of that trade deal with Mexico and Canada.

Among them, he mentioned the thorny "extinction clause" proposed by the US.

Guajardo is hopeful that a favorable agreement for all parties will be reached shortly, according to Bloomberg. "We're working to achieve a good deal, not just any deal", he said.

"I think the handshake happens when everybody's done".

"This (Trump) administration has shown an unbelievable lack of both diplomacy and consistency in its dealings with our friends, neighbors and allies, and I don't see that changing", Garza said. The federal government, a few have warned, could find itself forced into deciding whether to accept a less-appetizing deal hashed out between the US and Mexico.

A senior Canadian official on Thursday told reporters there had been "no indication of flexibility from the USA on this issue".

"NAFTA is a trilateral agreement, but inside that agreement there are a lot of issues that are chiefly bilateral and that is what they're focused on", Freeland said.

Seade insisted the issue of auto country-of-origin rules was "basically resolved", with only details yet to be finalized.

Trump has suggested that Canada was sidelined because of what he labeled that nation's high tariffs and trade barriers.

He said that it was essential that Canada re-engaged with the talks. But we'll see how that works out.

Seade also predicted that the nations will agree on a method to update Nafta without the threat of a so-called "sunset clause", an automatic expiration after five years - as the United States has sought since October.

This week, media outlets have also said the talks could have a new hurdle: how to address energy issues in a renegotiated NAFTA.

While Mexican President Enrique Pena Nieto's government is officially in charge of the negotiation, any Nafta deal will need Lopez Obrador's support because it needs to pass a Mexican Senate controlled by his allies, and it will be up to his government to implement it. Lopez Obrador will be sworn in December 1. Such a move would clear the way for Canada to be brought back into the discussions for a final push toward a new Nafta that could be signed by the three countries' leaders by the end of the year. In 2013, however, the Mexican government opened up the industry to investment - a decision opposed by Obrador.

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