Tradelines News

Get the latest news and updates on cross-border customs and international trade.

It’s Crunch Week (Again) for NAFTA With U.S. and Canada at Odds

Posted September 17, 2018

Under Economic Issues, International Trade Issues

(Josh Wingrove – Bloomberg)

U.S.-Canada trade talks are poised to come to a head this week, as negotiators bear down on their next deadline amid President Donald Trump’s threats to cut his largest export market out of the deal.

High-level negotiations are expected to resume this week in a bid to reach a deal for Canada to remain in the three-nation North American Free Trade Agreement, a Canadian government official said, speaking on condition of anonymity. Congress is pressing for Canada to be kept in NAFTA, after the U.S. and Mexico struck their own deal last month.

Time is running out to reach an accord that can be signed before Mexico’s president-elect takes office. There are no high-level talks scheduled Monday, and the middle of this week – probably Thursday – is considered the next deadline to reach a handshake deal that could be converted into legal text by the end of this month, the official said. Click here to read more.