Aug 27, 2018

Report: U.S. and Mexico reach partial NAFTA deal

Mexican ministers leaving USTR

Mexican Foreign Minister Luis Videgaray (L) and Secretary of Economy Ildefonso Guajardo. Photo: Eric Baradat/AFP via Getty Images

The U.S. and Mexico have reached a preliminary agreement to revise disputed components of NAFTA, paving the way for Canada to enter talks and formally renegotiate the trade pact, reports the NYTimes.

The details: The agreed-upon changes reportedly center on the rules governing automobile manufacturing, with a greater emphasis on North American production and local steel, aluminum and auto parts. Per Axios' Jonathan Swan, U.S. Trade Representative Robert Lighthizer is counting on President Trump's popularity with Republicans to get a new NAFTA deal approved by Congress.

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