(Eric Martin – Bloomberg)
The Trump administration is pushing for a preliminary NAFTA deal to announce at a summit in Peru next week, and will host cabinet ministers in Washington to try to achieve a breakthrough, according to three people familiar with the talks.
The White House wants leaders from Canada and Mexico to join in unveiling the broad outlines of an updated pact at the Summit of the Americas that begins April 13, while technical talks to hammer out the finer details and legal text could continue, according to the people. They asked not to be identified because the talks are private.
The Mexican peso trimmed its losses on news of the meetings, rallying from a session low 18.355 per U.S. dollar toward 18.2. Canada’s currency also pared its loss to C$1.2913 per U.S. dollar. Click here to read more.