Overnight, Mexican Economy Minister Ildefonso Guajardo had “constructive” and “very positive” talks with US Trade Representative Robert Lighthizer on NAFTA renegotiation. He added that both sides agreed to work towards hammering a deal in principal some time in August. And he said “We agree that in order to align the times and to eventually reach an agreement in principle, we should give ourselves the opportunity to move forward and try to bring this to fruition.”
The final format of the agreement remains to be seen as both Canada and Mexico insists on trilateral deal while the US is known for pushing bilateral deals. Another sticky point is the US push for a “sunset clause” which the other two sides firmly disagree to.
