The relationship between the United States and Mexico continues to become more complex. It was reported Monday that Mexico’s economy minister Ildefonso Guajardo spoke quite aggressively about the proposal of the Trump administration to impose tariffs on products from Mexico. Guajardo warned that Mexico will stop all negotiations on the North American Free Trade Agreement (NAFTA) if the tariffs are imposed.
“The moment that they say, ‘We’re going to put a 20 percent tariff on cars,’ I get up from the table,” Guajardo explained in an interview with Bloomberg.
The economy minister explained that Mexico doesn’t want to scrap NAFTA, but will refuse any possible negations if the U.S goes on with its plans. The U.S is Mexico’s largest trading partner, but the neighbor to the south is far from isolated in terms of trade. Mexico is a trading partner to more than 40 other countries, and has greatly accelerated its role in our modern global economy.
Mexico is currently conducting talks with the Brazilian and Argentinian governments, as political changes in those countries provide new opportunities for potential trade partners.
Guajardo noted that Brazil is a major focus at the moment. “I’m not going to negotiate with Brazil for its pretty face. I’m going to negotiate with Brazil because they’re going to open their car-manufacturing market,” he said to Bloomberg.