U.S. Won’t Wait for Canada on New NAFTA Deal, Says Trade Chief
Posted September 25, 2018
(Jeanna Smialek & Jenny Leonard – Bloomberg)
The U.S. is moving forward on its bilateral trade deal with Mexico by month-end even if Canada is left out because negotiators can’t resolve their sharp differences over dairy and a dispute resolution system, U.S. Trade Representative Robert Lighthizer said.
The Trump administration soon plans to present to Congress a text of the U.S.-Mexico trade agreement that was announced last month to revise portions of the North American Free Trade Agreement, Lighthizer said at an event in New York on Tuesday.
The timeline is important because current Mexican President Enrique Pena Nieto wants to sign the deal before he’s succeeded by Andres Manuel Lopez Obrador in December, Lighthizer said. Click here to read more.
Related:
- U.S. Ready to Submit Mexico-Only Trade Deal Because Canada ‘Isn’t Making Concessions’ (Reuters)
- NAFTA Negotiations Almost Certainly Can’t Meet Sept 30 Deadline (ForexLive)
- U.S. All but Certain to Miss Weekend Deadline to Include Canada in Three-Way NAFTA Deal (Washington Post)
- NAFTA Blowup Could Sink the Loonie by 10%, JPMorgan Says (Bloomberg)
