global news 24 hours a day -- mikael gorbachev is among them. mark of them this is bloomberg.rd round of nafta negotiations will kickoff tomorrow. u.s. commerce secretary wilbur discussed the -- administration's focus on mexico ahead of those talks. >> the reason they have so many free trade agreements is that their basic tariffs structure is so high. much higher than ours. that is one of the issues that we have. have given away so much on a unilateral basis. take europe. charges 10% tariffs. we charge 2.5%. them towe going to get drop a 10% tariff just to get relief from 2.5%. our unilateral disarmament toually is an impediment making trade freer globally, because we do not have that much ability to trade down tariffs. >> when do you expect we will see a new deal? somewhere close to year end, for several reasons. the mexican presidential election, canadian provincial elections, midterm elections here, and our promotion expires in july. the nature of congress these days, we don't know if that will be renewed. as we move into 2018, it will become progressively more difficult to