© Reuters. U.S. President Donald Trump speaks at the Susan B. Anthony List 11th Annual Campaign for Life Gala
WASHINGTON (Reuters) – U.S. President Donald Trump, who has repeatedly pledged to revive American manufacturing, on Wednesday said „big news“ was coming that would be welcomed by U.S. autoworkers but he gave no details.
„There will be big news coming soon for our great American Autoworkers. After many decades of losing your jobs to other countries, you have waited long enough!“ Trump said in a tweet.
The United States is in the middle of a renegotiation of the North American Free Trade Agreement (NAFTA) with Canada and Mexico, but the talks have been stalled by a dispute over auto provisions.
The United States and Mexico have been deadlocked over U.S. demands for wage increases in the auto sector and for a boost in the North American content of cars made in the three NAFTA nations.
Critics complain the demands are a clear swipe at Mexico, which Trump says added low-wage manufacturing jobs at Americans‘ expense after NAFTA was signed in 1994.
It was not clear, however, whether Trump was referring to a possible breakthrough in the talks.
Last week, the top U.S. trade official said the three countries were „nowhere close to a deal.“
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.