Mexico won’t ratify new NAFTA if U.S. keeps tariffs on steel and aluminum

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Mexico won’t ratify new NAFTA if U.S. keeps tariffs on steel and aluminum
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However, the new Mexican government is pushing to ratify a package of labour reforms it agreed to in the new NAFTA

OTTAWA — Mexico’s Congress will be asked to approve a major labour-reform bill this spring as a necessary step to ratifying the new North American free-trade pact later this autumn, say Mexican officials.

But a senior trade official in the new government of socialist reformer Andres Manuel Lopez Obrador suggested in an interview it wasn’t a huge sacrifice because elevating the status of country’s workers was a key plank in the platform that brought their Morena party to power. That means the new agreement will be sent to the Mexican Congress for ratification after it reconvenes in Sept. 1, she said.

Canadian Transport Minister Marc Garneau recently told Trump’s top economic adviser, Larry Kudlow, during a public panel in Washington that the tariffs are “a serious impediment to us moving forward on what is the best trade deal in the world.” “Now that we have concluded our NAFTA negotiation with the United States, we believe it is all the more reason for the U.S. administration to lift its tariffs,” Austen said Sunday, although he did not say specifically whether the issue would lead to a delay in ratification.

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