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Trump Says He’s Heading Towards ‘Dramatic Deal With Mexico’ — But That’s News to Mexico

Posted July 24, 2018

Under Economic Issues, International Trade Issues

(Eric Martin and Toluse Olorunnipa – Bloomberg)

Mexico is redoubling its efforts to reach a NAFTA agreement with the U.S. and Canada by the end of August, according to three people familiar with the negotiations, as President Donald Trump said he’s heading toward a “dramatic” deal with Mexico.

Trump on Monday said that he’s in discussions with incoming Mexican President Andres Manuel Lopez Obrador about doing something “very dramatic, very positive for both countries,” without giving more details. Mexico’s peso extended gains after Trump’s remarks, rising 0.7 per cent to 18.8951 per dollar at 4:48 p.m. in New York.

Lopez Obrador is “a terrific person,” Trump said at a Made in America event at the White House, adding he spoke to the Mexican president-elect “at length on a call.” Click here to read more.