Washington, October 20: US President Donald Trump has said that the United States and Mexico are very close to reaching what he described as a “great” trade deal, signalling progress in negotiations between the two neighbouring countries.

Trump made the remarks on Monday while addressing a political rally in Kansas. However, he did not disclose specific details of the proposed agreement or indicate when it might be finalised.

The negotiations come amid ongoing trade tensions over US tariffs on Mexican products, including automobiles, steel and aluminium. Mexico has been seeking tariff reductions as part of efforts to secure a mutually beneficial agreement.

A potential deal could help ease trade tensions, provide greater certainty for businesses and strengthen economic ties between the two countries.

The announcement comes as Washington continues its broader efforts to review trade arrangements across North America. The final outcome will depend on the details of any agreement reached by the two governments.

Source: Reuters

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