NAFTA Talks Flop Again

Financial Tribune
November 23, 2017
Category: Business & Politics
Region: United States

No meaningful progress is being made in NAFTA trade talks between the United States, Canada and Mexico, increasing the odds that President Trump could withdraw from a critical 23-year old agreement. After Round 5 of NAFTA talks ended Tuesday—only two more are scheduled—no progress has been made on divisive issues. “While we have made progress on some of our efforts to modernize NAFTA, I remain concerned about the lack of headway,” US Trade Representative Robert Lighthizer said in a statement, CNN reported. Canadian Foreign Minister Chrystia Freeland said the US put forward “extreme proposals” that “we simply cannot agree to. Some of the proposals that we have heard would not only be harmful for Canada but would be harmful for the US as well,” Freeland added, citing concerns from US and Canadian auto companies.

Read More