Mexico Won't Pay For Wall, Negotiate NAFTA On Twitter

Texas U.S. Sen. John Cornyn

Texas U.S. Sen. John Cornyn

The first round took place in Washington on August 16 to 20, and Mexico is to host the second round from September 1 to 5.

Trump tweeted Sunday morning that Mexico - and NAFTA partner Canada - was being "very difficult" in trilateral negotiations to update NAFTA, which began earlier this month and are set to resume in Mexico City in September.

Since the Trump administration first discussed its intentions for NAFTA, I have said there is nothing wrong with taking a fresh look at a almost 25-year-old agreement to see what has been working and what could use some updating.

Mexico and Canada have taken steps in recent years to strike trade pacts with European and Asian nations, making them less dependent on USA imports and exports. "We think the negotiation already has a process".

Sui Sui, an economics professor at Ryerson University's Ted Rogers School of Management, said she doesn't take Trump's comments too seriously either, because these kind of talks "should be hard". BlackRock Inc. and Citigroup Inc. said the reaction pointed to a possible unwinding of long peso positions accumulated during this year's rally. Read the full analysis here.

"Believe it or not, this is the least important thing that we are talking about, but politically this might be the most important talk about", the USA head of state told Peña Nieto.

Trump has argued that he will get Mexico to pay back the money for building the wall, but that it is vital construction not wait for this to happen.

Craig Hill, the president of Iowa Farm Bureau Federation, said it makes sense to take a new look at NAFTA, but it would be "hazardous" and "fruitless to renege on our obligations".

You can watch Trump pause as he tries to figure how he can splice a lie on to the truth. Ag exports to the USA neighbor quadrupled under NAFTA.

Cornyn told reporters at an event in Austin that Texas has become one of the number one exporters of oil and gas and oil and gas equipment to Mexico in recent years.

Trump has repeatedly called the agreement a "disaster" that exported United States jobs to Mexico, while Mexico has dismissed his rhetoric as a negotiating tactic playing to his U.S. base.

Trump reiterated on Sunday via Twitter his feelings that NAFTA may just get nixed.

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