The round of talks ended Tuesday in Mexico City with negotiators failing to finalize new agreements on even minor sections of the pact.
The Trump administration reiterated its goal to reduce the trade deficit with its Nafta partners in revised negotiating objectives, while adding in proposals it made during talks that were opposed by Canada and Mexico.
The lead negotiators for the three Nafta countries joined the latest round of talks as the U.S. Chamber of Commerce warned that an American pullout would hit hardest some key swing states that President Donald Trump took on his road to power.
Economy Minister Ildefonso Guajardo said Mexico is willing to review the North American Free Trade Agreement every five years, accepting part of a U.S. proposal, while insisting that there must not be any clause that would lead to automatic termination of the deal.
The talks broke up last time amid stark differences between the countries.
China said the U.S. refusal to classify it as a market economy was a "serious distortion" of the facts, as tensions between the superpowers heated up just days before President Donald Trump’s first trip to Beijing.
The U.S. and China will probably announce some “decent deliverables” when Donald Trump visits the country next month, but it will take longer to resolve complex issues like intellectual property rights and forced technology transfers, Commerce Secretary Wilbur Ross said.
It wasn’t quite Hamlet’s soliloquy on mortality, but Commerce Secretary Wilbur Ross got philosophical in his opposition to the federal estate tax the Trump administration wants to repeal.
Nafta negotiators are working on a side deal for the U.S., Canada and Mexico to make a non-binding pledge to avoid devaluing their currencies for competitive purposes, according to three people familiar with the matter.
Nafta talks are switching gears and slowing down as key obstacles emerge, with Canada and Mexico rejecting what they see as hard-line U.S. proposals and negotiators exchanging their strongest public barbs yet.
U.S. Treasury Secretary Steven Mnuchin rejected the idea of a capital increase for the World Bank and urged the development lender to put forward a plan to become financially self-sufficient.
The U.S. has delivered one of its most high-profile Nafta demands, proposing to boost how much American and regional content must be in cars and trucks to qualify for duty-free access under the pact, according to an official.
U.S. negotiators on Wednesday presented a proposal for a so-called “sunset clause” that would see the North American Free Trade Agreement expire after five years unless the parties can agree to extend it, according to two people familiar with the talks.
The International Monetary Fund spent decades telling the world’s governments how to run their economies on an American-inspired blueprint that became known as the Washington Consensus.
The Trump administration blasted the International Monetary Fund’s decision not to include a boost from tax reforms in forecasts for U.S. growth, with one official saying the fund should focus on other problems.
Negotiators from the U.S, Mexico and Canada are preparing to tackle the thorny issue of how much American content should be included in goods assembled on the continent, according to an agenda of talks on a new North American Free Trade Agreement.
President Donald Trump’s trade negotiators enter the latest round of Nafta talks under growing pressure inside their own country to step back from a confrontational stance that’s left the U.S. isolated at the negotiating table.
The Trump administration’s probe into China’s intellectual-property practices threatens to spark a trade war between the world’s two biggest economies, according to an official representing Chinese industry.
The U.S. slapped duties on Bombardier Inc.’s showcase commercial jet for the second time in as many weeks, upholding Boeing Co.’s case that its Canadian competitor sold planes at less than fair value.
U.S. online retailers like Amazon.com Inc. stand to gain from the Trump administration’s push to throw open the doors for Canadians and Mexicans to buy American goods duty-free.
The biggest business organization in the U.S. is opposing key proposals by the Trump administration to overhaul the North American Free Trade Agreement, adding to growing tensions over the ongoing negotiations.
The U.S. has won South Korea’s agreement to amend their trade deal, overcoming previous reluctance to change the five-year-old pact, which the Trump administration blames for increasing its trade deficit particularly for vehicles.
Trump administration officials are set to push South Korea to buy more American cars and agricultural products even as tensions run high on the Korean peninsula.
Trade negotiators touted some progress on updating the North American Free Trade Agreement even as the U.S. decision to impose duties on Canadian-made jets inflamed tensions with Prime Minister Justin Trudeau’s government.
Commerce Secretary Wilbur Ross said the Trump administration has decided to defer a decision on steel tariffs as it focuses on getting tax reforms through Congress.
North American trading partners are downplaying expectations for major progress from talks to update the free-trade agreement that resume in Ottawa on Saturday, even as the clock runs down on their goal of getting a quick deal.
Global political and business leaders defended trade and globalization while acknowledging that countries must do more to address the concerns of people who feel left behind.
China’s economic model represents an “unprecedented” threat to the world trading system that can’t be addressed under current global rules, President Donald Trump’s top trade negotiator said.
Greece wants the next review of its European loan program to wrap up by the end of the year, which would pave the way for additional money to be disbursed in 2018, according to a senior member of Prime Minister Alexis Tsipras’s government.
More than six months in, Commerce Secretary Wilbur Ross said he’s discovered the Washington “swamp” is actually a pretty decent place to call home.
Canada and Mexico bristled at an idea by the U.S. to include a five-year sunset provision in the North American Free Trade Agreement that would force partners to reconsider the deal or terminate it.
Commerce Secretary Wilbur Ross said it’s “sad” that U.S. business leaders who left White House advisory panels over one issue lost their chance to shape policy -- especially given that many of them like Tesla’s Elon Musk weren’t Trump supporters in the first place.
The Trump administration reiterated its threat to withdraw from the North American Free Trade Agreement if a new deal favorable to the U.S. can’t be reached with Mexico and Canada.
South Korea rejected a U.S. proposal to revise a five-year-old trade deal as the Trump administration pushed for major changes it says will cut its trade gap with the Asian nation.
The U.S., Mexico and Canada ended the first round of talks on a new North American Free Trade Agreement saying they’re committed to wrapping up the negotiations quickly with a far-reaching deal.
U.S. Trade Representative Robert Lighthizer officially started a probe into China’s intellectual-property practices, less than a week after President Donald Trump asked him to consider the move.
President Donald Trump doesn’t want a fresh coat of paint on the North American Free Trade Agreement. He wants to strip the house down to the studs.
President Donald Trump isn’t looking for a “mere tweaking” of the North American Free Trade Agreement, and will be seeking a major overhaul to a deal he believes has failed Americans, Trump’s top trade official said as talks began with Mexico and Canada to revamp the accord.
More than 23 years in, and the North American Free Trade Agreement still hasn’t lived up to the hype.
The U.S. is heading into the first round of talks on an updated North American Free Trade Agreement with an aggressive timeline for completing talks with Mexico and Canada, a Trump administration official said.
U.S. President Donald Trump’s request to probe how China handles intellectual property prompted a firm response: Beijing will stand up for its rights.
President Donald Trump is stepping up pressure on China over what the U.S. perceives to be the theft of intellectual property, opening a new front of trade friction even as the world’s largest economies try to work together to contain North Korea’s nuclear threat.
China sought to stabilize the deteriorating trade relationship with the U.S., as the prospect of an investigation by the Trump administration on intellectual property raised the risk of tit-for-tat measures from Beijing.
President Donald Trump’s administration may be on the verge of ramping up its threats against China on trade. If the talk ever turns to action, there could be troubling consequences for the global economy.
The Trump administration is gearing up to investigate China over what the U.S. perceives to be violations of intellectual property, according to a person familiar with the matter.
The U.S. said it will combat the “distortions” to the world economy created by China’s economic system, especially in markets for steel and aluminum.
For President Donald Trump, the free trade agreement with South Korea is a "job killer" -- a "horrible deal" that’s costing the U.S. $40 billion a year.
President Donald Trump said the U.S. and the U.K. are working on a potentially “big and exciting” trade deal and the relationship between the two countries is going to be “even better” after Brexit.
Trade Secretary Liam Fox acknowledged it will be a stretch for Britain to negotiate a new trading relationship with the European Union by the time of their 2019 divorce in another sign that the U.K. government will seek a post-Brexit transitional period.
The brief honeymoon between the world’s two largest economies appears to be over.
Talks between the world’s two biggest economies got off to a tense start as U.S. Commerce Secretary Wilbur Ross upbraided China over the trade imbalance and both governments canceled their closing press conferences.
President Donald Trump said the U.S. wants to reduce trade imbalances with Mexico and Canada and boost exports of everything from farm goods to financial services as it prepares to kick off talks to revamp the North American Free Trade Agreement.
U.S. President Donald Trump promised to crack down on dumping of cheap steel by foreign competitors, adding that he’s considering imposing new tariffs or quotas on imports.
President Donald Trump’s administration notified South Korea that the U.S. wants to revise the trade deal between the two nations, setting the stage for talks to begin within a month.
A key moderate Republican senator said on Sunday she’s waiting for a Congressional Budget Office score to finalize her position on the Senate bill to repeal and replace Obamacare, and that she has concerns about the measure’s impact on older and rural Americans.
Russia “meddled” in last year’s presidential election as part of a decades-long effort to “undermine American democracy,” said CIA Director Mike Pompeo, in an interview where he also said the Trump administration plans to stop leaks and “punish” leakers.