7/24/2017 Reuters
Mexico’s annual inflation rate eased less than expected in the first half of July, data showed on Monday, but still lent weight to the central bank’s view that price pressures in Latin America’s second biggest economy may be peaking.
Annual inflation slowed to 6.28 percent from 6.33 percent in the second half of June, figures from the national statistics institute INEGI showed. A Reuters poll of economists had forecast a rate of 6.23 percent.
Consumer prices rose 0.24 percent during the first half of July compared with the previous two-week period, slightly above the poll forecast for an increase of 0.19 percent.
WASHINGTON (Reuters) – The first round of talks between the United State, Mexico and Canada on revamping the North American Free Trade Agreement will take place in Washington from Aug. 16-20, U.S. Trade Representative Robert Lighthizer said on Wednesday.
said on Tuesday he was concerned that the United States was still insisting on reducing trade deficits in the objectives it set out for the renegotiation of the NAFTA trade deal on Monday.
MEXICO CITY (Reuters) – Mexico’s government on Monday said it would work to strengthen the North American economy after the United States published its objectives for the renegotiation of the NAFTA trade deal, which one Mexican official described as “not as bad” as feared.
WASHINGTON (Reuters) – The United States on Monday outlined a tough negotiating strategy for revising the 1994 North American Free Trade Agreement and for the first time in a U.S. trade deal said it would seek to deter currency manipulation by trading partners.
As Mexico braces for the US to put its Nafta negotiating objectives in writing, potentially as soon as today, Washington’s letter last week to South Korea makes ominous reading.
