Earlier Sunday, Mexican Foreign Minister Marcelo Ebrard said the country would accept a USA demand on steel in the United States-Mexico-Canada Agreement if the rule took effect at least five years after the trade pact's ratification.
Monreal's comment came hours after negotiations on the stalled agreement reached a crucial phase in Washington, as the Trump administration sent House Speaker Nancy Pelosi a proposal for changes to the deal for review, according to people familiar with the talks.
Support from the AFL-CIO, which opposes the existing North American Free Trade Agreement and blames it for destroying millions of good-paying manufacturing jobs, would likely ensure support from a majority of House Democrats if the deal is brought up for a vote.
Ebrard told reporters on Sunday he briefed the nation's Senate on the position of President Andres Manuel Lopez Obrador's government to reject a us demand for American labor inspectors south of the border.
On Sunday, Seade told Mexican lawmakers that U.S. Trade Representative Robert Lighthizer wanted to change the definition of what constitutes North American steel and aluminum.
"I have spoken with Foreign Minister [Marcelo] Ebrard and Deputy Minister [Jesus] Seade about the advances in the US ratification of USMCA", Monreal said on Twitter. Seade has said, though, that Mexico can accept fast-tracked arbitration panels to hear labor rights complaints.
The trade agreement would replace the 25-year old NAFTA, which Trump has reviled as "the worst trade deal ever" and mark a major political win for the president.
President Trump signed USMCA, commonly referred to as the "new NAFTA", on November 30, 2018, but Pelosi has yet to put the trade agreement on the House floor due to the Democrats' enforcement concerns. For the perceived Democratic inaction, Trump has frequently described Pelosi and her caucus as the "Do-Nothing Democrats".
Mexico has softened its resistance to the US proposal on regulating steel in the new trade deal USMCA seeking to replace NAFTA. The president has threatened to impose a 15% import tax on some $160 billion in imports from China including smartphones, laptops and toys if he does reach an interim deal with China.