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Transcript

00:00:02
>> Time to talk trade? Mexico's top officials meeting President Donald Trump's top brass in D.C. on Wednesday and Thursday. And while the border wall, migration, and security issues will be on the table. It's NAFTA, the North America Free Trade Agreement, that could deal Mexico the biggest blow, as Trump has vowed to rip it up And renegotiate.
00:00:22
Reuters' reporter, David Graham, is in Mexico City.>> Mexico's very keen to strike a deal with the Trump team on trade because 80% of all of Mexico's exports are sent to the United States. In addition, since pretty much the start of this century, roughly half of all the foreign direct investment into Mexico has come from the United States.
00:00:48
Mexico's Economy Minister and Foreign Minister will be meeting with Trump Chief of Staff Reince Priebus and son-in-law and close advisor, Jared Kushner, among others. Trump who talked tough on trade during the campaign, formally withdrew the United States from the Trans-Pacific Partnership on Monday. And has threatened U.S. manufacturers with a 35% tax if they outsource production to Mexico.
00:01:11
>> If we're gonna fire people and build the product outside, not gonna happen.>> Mexico also getting no love from Canada, the other major partner in NAFTA. Sources telling Reuters Tuesday that Canada will focus on preserving its U.S. trade ties. And may not be able to help Mexico avoid being targeted by the Trump administration.
00:01:31
Canadian government sources saying quote, we love our Mexican friends, but our national interest comes first. And the friendship comes second. This week's talks between Mexican and U.S. officials laying the groundwork for the big meeting next week between Mexican President Enrique Pena Nieto and Trump, their first with Trump in the White House.