U.S., Canada Talks on NAFTA Offer Little Progress

Stalled talks between the U.S. and Canada on the North American Free Trade Agreement are expected to continue this week, as the U.S. desires to reach a deal by September 30th. Informal talks are likely over the next few days according to Reuters, as global attention turns towards a U.N. meeting this week.

Canadian Prime Minister Justin Trudeau says nothing had formally been arranged for this week, however, leaving further uncertainty as to whether the U.S. will continue to seek a trilateral agreement. The U.S. appears likely to forge ahead with a U.S.-Mexico only trade agreement until the U.S. can reach an agreement with Canada beyond the September 30th deadline.

Trudeau offered some pushback over the weekend, saying Canada would not be rushed into reaching an agreement and that he would not sign “a bad NAFTA deal.” Dairy market access remains a sticking point between the two nations, among a handful of other remaining issues.