(Tara Donaldson – Sourcing Journal)
The seventh round of North American Free Trade Agreement talks is underway in Mexico City and the world is still bracing for an upset.
President Trump still wants his wall along the U.S. southern border with Mexico—and he still wants Mexico to pay for it—and still, Mexico contends that it will never pay for the wall. Beyond the wall, the U.S. still has demands on the table, like changes to rules of origin that would call for more American inputs in autos and a clause that would see NAFTA self-terminate after five years.
Needless to say, the U.S. demands have largely been to blame for stalling major progress and stirring tensions among the three nations. Experts aren’t expecting much that’s groundbreaking to come from the current round of talks, and the likelihood that any of these sizable sticking points will be resolved is slim. Click here to read more.