Mexico's Guajardo: NAFTA is progressing, but doesn't expect an announcement on Thursday

Mexico's Economy Minister, Ildefonso Guajardo Villarreal, is hitting wires with comments about the NAFTA talks progress, as well as concerns about economic activity following tariffs.

Key highlights:

Has been speaking with Canada's Freeland, plans to talk with the US trade rep Lighthizer tomorrow.

Planning a potential meeting of trade ministers in Washington on Thursday.

NAFTA negotiations are moving along nicely.

Have closed or are about to close ten sections, or chapters.

Approximately twelve chapters remaining.

Mexico is considering mirroring US steel and aluminum tariffs.

Tariff mirroring to prevent metal dumping in Mexico in response to US tariffs.

must prevent Mexico from becoming a 'back door' to other countries.

Unlikely that a big announcement on NAFTA will come from Thursday's meeting in Washington.

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.