Global Markets

US reaches preliminary trade deal with Mexico

The United States announced on Monday that it had reached a preliminary trade agreement with Mexico
By Staff reporter 28 August 2018 0 32318

The United States announced on Monday that it had reached a preliminary trade agreement with Mexico, which looks set to replace the longstanding North American Free Trade Agreement (NAFTA).

“It’s a big day for trade, [and a] big day for our country,” US President Donald Trump was quoted as saying.

There will be extensive cooperation in the energy sector between the two countries, according to local press. However, no details are available yet.

Washington has yet to work out a trade deal with...