Pence: NAFTA deal could be reached in several weeks

U.S. Vice President Mike Pence right shakes hands with Venezuelan opposition leader Julio Borges during a meeting at the residence of the US ambassador in Lima Peru Friday

US trade negotiators have reduced their demand for regional auto content under a reworked NAFTA trade deal to 75 percent from the 85 percent they had sought, the head of Mexico's automotive industry association (AMIA), said on Friday.

There "will be a price to pay" if Syria ever uses chemical weapons again, as the United States is ready to take additional action, Pence told reporters travelling with him to Peru to attend the Summit of the Americas.

U.S. -Mexican trade has grown rapidly since NAFTA, with the U.S.as Mexico's leading partner in merchandise trade, and Mexico as the third-largest trade partner of the U.S. If Trump were to scrap the deal, experts say that it could cost Mexico more than 950,000 low-skilled jobs and lower its GDP growth by 0.9 percent.

There are concerns U.S. -Mexico relations could get rockier with Pena Nieto, a centrist, unable to seek a second six-year term due to Mexico's term limits. And with tensions simmering over trade, Pence expressed hope alongside Canadian Prime Minister Justin Trudeau that the three nations could soon agree to a renegotiated North American Free Trade Agreement.

Pence said he was grateful for the opportunity to meet with the Mexican president, although he made no reference to Pena Nieto's call for "mutual respect".

Trudeau said Saturday that there have been "positive momentum" in the NAFTA talks.

And while Trump grapples with the ongoing Russian Federation investigation led by special counsel Robert Mueller, Pence sought to draw a bright line against Vladimir Putin's alliance with Syria following the suspected chemical attack.

US Vice President Mike Pence has threatened that Washington is set to respond to possible retaliatory moves against its missile attacks on Syria, by Damascus or its allies, specifically Russian Federation and Iran. The U.S. led a missile strike in Syria earlier Saturday. He learned only Tuesday that he would be attending in Trump's place so the president could manage the US response to Syria. He was sworn in after Peru's congress voted to accept the resignation of President Pedro Pablo Kuczynski after a corruption scandal.

Pence stated leaders at the summit, which is concentrated around the meltdown of democracy in Venezuela, " saoid that they support the missile strikes in Syria.

Pence, however, justified the attack by merely stating that the USA did not act alone, claiming that other leaders at the Latin American summit had both publicly and privately expressed support for the Syria bombardment.

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