Mexico warns it will end NAFTA talks if US proposes tariffs
Mexico's economy minister Ildefonso Guajardo warned that his country will break off negotiations on the North American Free Trade Agreement (NAFTA) if the United States were to propose tariffs on products from Mexico, Bloomberg reported on Monday.
"The moment that they say, 'We're going to put a 20 percent tariff on cars,' I get up from the table," Guajardo told Bloomberg in an interview.
U.S. President Donald Trump has vowed to scuttle NAFTA, the 1994 trade accord which also includes Canada, if he cannot recast it to benefit U.S. interests, raising the risk of a major economic shock for Mexico.
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