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With US, Mexico close to NAFTA deal, Trump to speak

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AFP Washington
Last Updated : Aug 27 2018 | 8:55 PM IST

US President Donald Trump was due to make a trade announcement today as US and Mexican negotiators signalled they were zeroing in on a preliminary deal to rewrite the North American trade pact.

The news prompted ebullience on stock markets, sending Wall Street to fresh records.

Earlier today, a top Mexican official had told reporters a single issue remained to be resolved in US-Mexico talks, with Trump tweeting that "big deal" was at hand.

"A big deal looking good with Mexico!" Trump said. The White House said Trump would make a trade announcement at 11:00 am ET (1500 GMT).

"We have one very important issue to finish," Economy Minister Ildefonso Guajardo said, declining to elaborate. "The idea is if we finish this item we will be concluded."
He told reporters, "We are not going to disclose anything because a lot of these things imply Canada. Until we finish with the position of Canada, we'll not be able to disclose all the elements."

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First Published: Aug 27 2018 | 8:55 PM IST

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