‘No deal yet’ in Mexican trade talks with Ross seen as NAFTA warm-up

5/16/2017 Reuters

NAFTAU.S. Commerce Secretary Wilbur Ross and his Mexican counterpart failed to make progress in talks on Monday to resolve a sugar trade spat before the complicated renegotation of the North American Free Trade Agreement (NAFTA) due later this year.

“There’s no deal yet,” sugar chamber head Juan Cortina, who took part in the talks, told Reuters, saying “no” when asked if progress was made in any area relating to the impasse over Mexican exports.

The sugar talks are being closely watched as the two nations prepare for more complex negotiations over NAFTA, which U.S. President Donald Trump wants to ditch if he cannot secure better terms for Americans.

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