U.S. pushes for quick NAFTA breakthrough amid modest optimism
The United States is slightly optimistic about a NAFTA breakthrough due to increased optimism that both Canada and Mexico are receptive to new ideas. U.S Trade REp Robert Lighthizer said of the newfound optimism, ” My hope is that we start seeing some breakthroughs…”. The comments came on the heels of the sixth round of talks between the countries took place on Monday, January 29, 2018 in Montreal, Canada. The seventh round of talks will be taking place the last week of February in Mexico.
The United States has been adamant that they intend to place pressure on both countries as the Trump plan to drastically reduce the country’s trade deficit is now in full effect. The optimism is only moderate because the U.S. still wants Mexico and Canada to concede much more before a deal can be reached. Lighthizer was happy to see that they were willing to talk after five rounds of non-productive negotiations. The U.S. wants to make a deal but only if Canada and Mexico are willing to move further and at a much faster pace with the talks. President Donald Trump has spoken publicly that he will not hesitate to pull out of the trade agreement if he feels the U.S. is being taken advantage of.
Both Canadian Foreign Minister Chrystia Freeland and Mexican Economic Minister Ildefonso Guajardo said that they think a deal will be made eventually and that the talks are encouraging. The United States is most concerned about the automotive and dairy/agriculture industries.