Trump's words on the negotiations lead the Mexican peso



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Agencia
WASHINTONG, USA – President Donald Trump said Wednesday that he could give priority to a bilateral trade agreement with Mexico and that he was building good relations with the president virtual Mexican elected, Andrés Manuel López Obrador.

The United States and Mexico "get closer" to a trade agreement and the administration can advance in separate negotiations with Canada later, Trump told reporters early in the day. A cabinet meeting in Washington.

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The President added that he and López Obrador "do an excellent job" .

The Mexican peso reversed Wednesday's losses and advanced to a session high of 18.81 per dollar after Trump's comments.

Later that Wednesday, e The Minister of the Economy of Mexico, Ildefonso Guajardo said that next week he will travel to Washington to resume negotiations to modernize the United States. Free Trade Agreement with the United States and add

" E We will go to Washington next week and will be there on July 26, resuming negotiations", Guajardo told reporters.

"In this case, we will begin with a negotiation.) Bilaterally Mexico-United States and will continue to continue obviously later in other meetings with Canada."

About comments made by the President Donald Trump on the good relations that he established with López Obrado, and on the priority of a bilateral agreement with Mexico rather than with Canada, Guajardo said that Mexico had only one conversation.

"And it is the conversation of the interest of Mexico that is today supported by the government that touches it, the responsibility and (also) in the future government. (virtual) and the constitutional president have said that "in terms of relationship with the United States, only the interest of the nation prevails (and they are) all aligned in the same direction," said Guajardo [19659012]. communication and coordination with the AMLO team however, the transition has not officially started since the president-elect's statement was not made.

Donald Trump said earlier this year that he could split negotiations for a new North American Free Trade Agreement on separate tracks with Canada and Mexico

have failed to reach an agreement to renew the pact for almost a year of negotiations with great key differences as the rules of automotive content and the famous 'sunset' clause.

Top Trump Administration Officials Visited the Week The last time he met with current and future administrations, López Obrador had the first opportunity to set the tone for US-Mexico relations after the elections on July 1st.

Visitors included State Secretary Michael Pompeo, Treasury Secretary Steve Mnuchin Homeland Security Secretary Kirstjen Nielsen and White House Chief Advisor Jared Kushner [19659004] Lopez Obrador takes office on December 1st. White House economic adviser Larry Kudlow said on Wednesday that made "good progress" in negotiations with Mexico which opened a "promising avenue".

He refused to give details on specific issues. "We have very productive conversations with Mexico," Kudlow said at the CNBC Institutional Investor Delivering Alpha conference in New York on Wednesday

regarding the lawsuit filed by the United States in Mexico and the United States. other countries before the World Trade Organization. The retaliatory measures that these countries have taken as a result of steel tariffs imposed by the northern neighbor, Guajardo said that this does not affect the renegotiations of NAFTA.

US demand "does not affect it (negotiation), for the contrary, the fact that we meet on September 26th generates decision-making conditions that give certainty on markets and markets. And I think we should analyze these problems, "said Guajardo.

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