EU, Mexico accelerate trade talks as Trump threatens to tear up Nafta

European Trade Commissioner Cecilia Malmstrom holds a news conference at the EU Commission headquarters in Brussels, Belgium. (Yves Herman/Reuters)
European Trade Commissioner Cecilia Malmstrom holds a news conference at the EU Commission headquarters in Brussels, Belgium. (Yves Herman/Reuters)

By Ben Chapman / Independent

The European Union and Mexico will speed up negotiations to seal a free trade pact, as U.S. President Donald Trump threatens to pull out of a deal with its Central American neighbor, hit the country with punitive border taxes and make it pay for a border wall.

The move has been triggered by a “worrying rise of protectionism around the world”, EU Trade Commissioner Cecilia Malmström, and the minister of economy of Mexico, Ildefonso Guajardo said in a statement on Wednesday.

“Side by side, as like-minded partners, we must now stand up for the idea of global, open cooperation,” the two said.

http://www.independent.co.uk/news/business/news/eu-mexico-free-trade-deal-talks-donald-trump-nafta-tear-up-threat-tipp-european-union-a7557261.html

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