Economics
Nafta Talks Enter Third Week With Focus on Cars, Sunset Clause
- U.S., Mexico said to be nearing deal on salaries, auto content
- USTR pushing clause that could end agreement after five years
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As Nafta negotiators from the U.S. and Mexico meet for a third straight week in a push to complete a deal on cars, they’re also preparing for a showdown over a clause sought by the Trump administration that could end the agreement altogether.
The nations are nearing an accord on content and salaries for auto manufacturing, and the issue remains their top focus, according to two people familiar with the talks. But as teams become more optimistic that a cars deal can come together, attention is starting to pivot to the so-called sunset clause pushed by U.S. Trade Representative Robert Lighthizer -- another make-or-break issue.