U.S., Mexico Near Nafta Framework, But Obstacles Remain

Report says Trump administration preparing to declare victory
Key issues remain unresolved that affect Mexico, Canada

The U.S. and Mexico are inching closer to a Nafta deal. Bloomberg’s Margaret Talev reports.Markets: The Open." (Source: Bloomberg)

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By Josh Wingrove, Eric Martin, Jennifer Jacobs, and Margaret Talev

August 22, 2018 at 4:37 AM UTC

Updated on

August 22, 2018 at 4:09 PM UTC

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The U.S. and Mexico moved closer toward a consensus on how to forge a new North American Free Trade Agreement even though key obstacles remain, according to several people familiar with the matter on both sides of the talks.

Progress has been made during five weeks of discussions between the U.S. and Mexico on issues including rules for cars, but there’s no broader agreement on reshaping Nafta, two U.S. administration officials said Tuesday night.