Mexico, U.S.: Battle Lines Drawn Regarding NAFTA Issues

FT.com/Jude Webber

Mexico braced for confrontation with Trump team

Enrique Peña Nieto vows to stand up to Nafta pressure from new US president

Battle lines have been drawn as Mexico and the US kick off what promise to be tough negotiations on the future of the two-decades old North American Free Trade Agreement, which both sides have threatened to kill off if they do not get their way.

Pressure from US president Donald Trump has already cowed US corporate investors operating in Mexico. President Enrique Peña Nieto has vowed to stand up to pressure from the White House, but with Nafta as the backbone of Mexico’s export-oriented economy, he has most to lose from the talks.

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“If there are no clear benefits, there’s no point staying,” Ildefonso Guajardo, Mexico’s economy secretary, told a television interviewer. A worse deal for Mexico made no sense, he said. Read Article