Updated Aug 26, 2018 - Economy

U.S. and Mexico close to reaching NAFTA deal

Mexican economic minister speaking to media

Mexican Economy Minister Idelfonso Guajardo speaking to the press. Photo: Ronaldo Schmeidt/AFP/Getty Images

The U.S. and Mexico have achieved breakthroughs after five weeks of NAFTA talks and could soon reach a deal, paving the way for Canada to re-enter negotiations to formally update the trade agreement, administration officials tell Axios.

The big picture: Bloomberg reports that a deal could come as soon as Monday, and that sticking points on automobiles and energy are among those that have been resolved.

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