Mexican finance minister prepares tariffs in case NAFTA talks fail

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MEXICO CITY (Reuters) – Mexico is working on tariff measures in case North American Free Trade Agreement (NAFTA) talks are unsatisfactory, Finance Minister Jose Antonio Meade said on Thursday, heightening worries the talks had soured and triggering peso sales.

Meade was addressing Mexican senators in the capital as a fourth round of talks near Washington ran into obstacles over a series of hard-line U.S. demands, including a proposal that could terminate the $1 trillion pact in five years.

“We have the possibility of identifying tariff…

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