Economics
Nafta Deadline Arrives With Little Prospect for an Agreement
- Lighthizer said to be not optimistic on deadline cited by Ryan
- Mexican and Canadian negotiators downplay significance of date
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House Speaker Paul Ryan warned a new Nafta deal had to be completed by Thursday, but President Donald Trump’s trade chief told lawmakers he expects that deadline will not be met.
Citing American trade law, Ryan had said May 17 was the last day to receive notice of intent to sign a deal for a new North American Free Trade Agreement that could be passed by the current Congress before a new crop of lawmakers change the political calculus. Talks, however, remain hung up on key issues.