A proposed U.S.-Mexico trade deal would allow President Donald Trump to impose punitive tariffs of up to 25 percent on imports of Mexican-made cars, SUVs and parts, auto executives and sources told Reuters.
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President Donald Trump said that American and Canadian officials negotiating a revamped North American Free Trade Agreement were probably set to meet a Friday deadline for an accord.
Canada’s top trade negotiator praised Mexico’s trade concessions on autos while U.S. lawmakers warned that a bilateral U.S.-Mexico trade deal would struggle to win approval.
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