
On Monday, Lighthizer warned that time was running "very short" for the talks in Mexico City to finalize changes to the 1994 North American Free Trade Agreement (NAFTA). "We would prefer a three-way tripartite agreement," he said, but: "If that proves impossible, we are prepared to move on a bilateral basis."
The Washington envoy held out exemptions from the looming tariffs of 25 percent on imported steel and 10 percent imported aluminum, which are set to be formally announced this week, as an incentive for the two neighboring countries to agree on a new deal.














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