NAFTA Deal Won't Be Reached By Informal Deadline, According to Mexico

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

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

Lawmakers are facing a deadline on a new North American Free Trade Agreement, but as of Wednesday night, a deal between the U.S., Canada and Mexico seemed out of reach.

On Tuesday, Mexico's economy minister said he saw diminishing chances for a new NAFTA agreement before a Thursday deadline to present a deal that could be signed by the U.S. Congress.

He says Trudeau told the USA president that the ingredients are there for a deal, but Guajardo also says the American side needs to drop some of its impractical proposals. "He's not going to stop until he gets it".

"However, I would not rule out at any point, if the participants show the willingness, that we can settle this negotiation at any moment from the close of May onwards, or in June", the minister told Mexican radio.

Ryan said Congress can not begin working on the negotiating law known as "fast track" without a trade deal in hand. And at least one administration official reportedly said they're not going to work on an artificial timeline for restructuring the deal.

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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