NAFTA renegotiation talks will bleed into next year amid 'challenges'

Prime Minister Justin Trudeau is greeted by U.S. President Donald Trump as he arrives at the White House in Washington D.C. on Wednesday

Under the current rules, almost a third of the parts of cars can be built outside of Canada, Mexico, or the US and still qualify for import tax immunity under NAFTA.

The three countries wanted to renegotiate the deal before the end of the year. TPP is the trade pact that President Donald Trump rejected on his first day of office.

While Mexican and Canadian officials have expressed dismay at the US proposals, they have publicly taken a less confrontational stance, with three more negotiating rounds scheduled through December.

Two sources have told The canadian Press that the request was dropped Sunday evening during negotiations for the new version of the free trade Agreement north american (NAFTA).

Mexico will host the fifth round of talks in November, and additional talks will be held next year.




Lighthizer said he thought by now the sides would've agreed to issues including digital trade, telecommunications and anticorruption, and there's no indication of changes that would result in a reduction of the USA trade deficit.

While Mexicans desperately want to keep NAFTA, which has helped transform Mexico into a manufacturing powerhouse and steadily expanded the middle class, they are also making preparations for the possibility of life without it. Both counties also oppose USA proposals designed to create jobs for American auto manufacturers by putting more stringent limits on how much of a vehicle can be made outside of North America to qualify for immunity to import taxes in the three NAFTA countries.

The U.S. proposal would also require that cars sold into the United States be 50 percent manufactured here in order to qualify for special NAFTA status. The Trump administration has proposed that at least 50% of the content in cars must be made in the US for vehicles from Mexico and Canada to enter the USA duty-free.

"There is no one trade agreement in the world that has country-specific content. Because of its complex supply chains that cross both borders, the auto industry would suffer the most, with autos accounting for almost 40% of exports to Canada and 22% of exports to Mexico".

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