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Mexico may drop NAFTA talks amid tariff rhetoric

Mexico’s senior trade negotiator says Mexico will break off talks to rework the North American Free Trade Agreement IF the U.S. imposes tariffs on Mexican products.

The minister, Ildefonso Guajardo, says his country isn’t looking to scrap NAFTA, but if the tariffs supported by President Trump were to be proposed, negotiators would walk away from the talks.

Trump says NAFTA has favored Mexico since the beginning. According to Bloomberg, last year Mexico shipped $294 billion worth of goods north while the U.S. sent $231 billion to Mexico.

Mexican officials expect talks to begin in June.