The Donald Trump administration took the first step toward renegotiating the North American Free Trade Agreement, plunging into a battle that pits some Republicans and industry supporters of the pact against Democrats and some of the president's most ardent backers.
Mexican Foreign Minister Luis Videgaray said that if North American Free Trade Agreement negotiations don't benefit all parties involved, the country is willing to “step away” from it. In an interview with Bloomberg, he said pulling out of NAFTA would be a last resort.
Mexico's top diplomat was in Washington last week for meetings with the U.S. government, sidestepping the normal channels and heading straight for the White House. Mexican Foreign Secretary Luis Videgaray met at the White House with President Trump's son-in-law and senior advisor Jared Kushner, along with National Security Advisor H.R. McMaster and Gary Cohn, a top financial aid, the Mexican government announced.
Mexico's president-elect, Enrique Peña Nieto, will present a tax reform bill during his first year in office, his top aide said on Tuesday, without providing any details on the plan.