A New NAFTA Deal Doesn't Seem Close, Despite Deadline

THE CANADIAN PRESS  AP  Judi Bottoni

Don't expect a NAFTA deal by this week's supposed target date.

President Donald Trump is committed to getting a better agreement with Canada and Mexico, press secretary Sarah Sanders told Fox News.

Mexico's top trade negotiator said Tuesday that he doesn't believe an agreement between his country, the USA and Canada will be reached by Thursday's informal deadline.

Guajardo says the USA needs to show some flexibility on key NAFTA proposals, and he doesn't see it happening by Thursday.

Sanders did not address the timeline.

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Ryan said Congress can not begin working on the negotiating law known as "fast track" without a trade deal in hand. Mexico's presidential election will be held in July, and the expected victor could take a harder stance against President Donald Trump and renegotiating the trade deal.

If a NAFTA deal is not reached before the election, Mexico's negotiators will work closely with the incoming government's transition team, Smith told Mexican radio.

"We've got to get a deal that works for everybody, but most importantly this president is going to make sure that we get a deal that works for America", she said.

Leftist candidate Andres Manuel Lopez Obrador has opened up such a wide lead ahead of July 1's Mexican presidential vote that his coattails could give his party a working congressional majority as well, according to a new polling analysis released this week.

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