Trump missed Congress's deadline for getting a NAFTA deal done. Now what? A Looming Nafta Debacle US Lawmakers Urge Trump to Stay at Nafta Table Chance of Nafta Deal in 2018 Diminishes as Talks Drag Past Congressional Deadline Push for NAFTA deal continues as uncertainty increases

Trump missed Congress's deadline for getting a NAFTA deal done. Now what?

Updated May 18, 2018 6:43 p.m. On Thursday, Ryan extended that timeframe to the next week or two. Ryan set a May 17 cutoff for the White House to notify Congress of an impending deal. Trump’s insistence that Mexico address the flow of migrants into the United States and his threat to tie immigration to the revised agreement. The Mexicans have been eager to finalize an accord before their presidential election, which is scheduled for July 1.

A Looming Nafta Debacle

The U.S. trade rep is setting Trump up for a major political failure.

Don't miss a brief. Mike Meru Has $1 Million in Student Loans. Canada and Mexico expressed continued resistance Thursday to the U.S. proposal for a so-called sunset clause that would kill Nafta after five years unless all parties agree to extend it. Trade officials missed a Thursday deadline to wrap up a renegotiated North American Free Trade Agreement, and the chances are rising that there won’t be a deal at all this year.

Chance of Nafta Deal in 2018 Diminishes as Talks Drag Past Congressional Deadline

The Trump administration had hoped a revised deal would reach the current Congress, in which Republicans control both chambers. Now, those prospects are diminishing by the day.

This looming fiasco is the result of the failed negotiating strategy of U.S. trade rep Robert Lighthizer, who works for a deal-making President but can’t seem to make a deal. Trump has threatened to withdraw from the pact if he can’t rework it to shrink America’s trade deficit and boost manufacturing jobs. Trade advisers across the political spectrum cautioned that the current Congress could still vote on the deal this year if negotiators wrapped up their talks in the next few weeks.

Push for NAFTA deal continues as uncertainty increases

With the future of the North American Free Trade Agreement up in the air, business groups, Democrats and Republicans are urging congressional leaders and the Trump administration to press on toward a deal.

High-level talks continued on Thursday among the three countries but the going remained slow toward an overhaul of the NAFTA deal. Edition U.S. Terms of Service Trademarks Privacy Policy ©2018 Bloomberg L.P. The missed deadline this week means there may not be enough time left in the Republican Congress to hold a vote, even in a lame-duck session. Moody’s sees an agreement coming together at some point, which could impact Mexico and Canada more than the U.S. because of their bigger reliance on Nafta-related trade, Foster said.

Here's what is next for Nafta as US, Canada and Mexico fail to strike deal

Image A truck manufacturing plant in Escobedo, on the outskirts of Monterrey, Mexico. Lighthizer was pressing last week for the three countries to come to a separate agreement on the auto industry. Gardiner Harris and Julie Hirschfeld Davis contributed reporting. The forecast had dimmed in recent days with pressure building from Congress to produce a deal this week so lawmakers will have enough time under fast-track rules to ratify an updated NAFTA this year.

NAFTA Left in Limbo

Mexico will send part of its Nafta team to Washington on Monday, and another contingent is already there, Economy Minister Ildefonso Guajardo said Thursday. The Wall Street Journal U.S. Have a confidential news tip? The delays could leave the future of a revised Nafta in the hands of Democrats, if they win one or both houses of Congress in this year’s midterm elections. But such a deal would create logistical and financial burdens for Mexico in dealing with asylum seekers, many of whom travel from Central America and through Mexico on their way to the United States.

Trump Trade Chief Says 'Nowhere Near' a Deal on Nafta

President Donald Trump’s trade chief said the U.S. is “nowhere near” a deal on Nafta, effectively brushing aside an offer from House Speaker Paul Ryan for more time to conclude a deal.

But the issues remain linked for Mr. Republicans now control both houses of Congress and could greatly accelerate or impede the ratification of a revised Nafta deal. Despite efforts to wrap up work on NAFTA, negotiators with the United States, Canada and Mexico have yet to reach a deal on updating the 24-year-old agreement, with no end in sight. As negotiations have plodded on, Canada has sounded a more optimistic tone than Mexico.

US Dashes Hopes for Quick Nafta Deal, Saying Differences Are 'Gaping'

President Donald Trump’s chief Nafta negotiator said the U.S., Canada and Mexico are "nowhere near close to a deal" to update the region’s 24-year-old free-trade pact as U.S. lawmakers warn that time is almost up to reach a agreement that can pass the current Congress.

Chance of Nafta Deal in 2018 Diminishes as Talks Drag Past Congressional Deadline Image A pipe-threading plant in Texas. Trump officials had been angling for a quick agreement to avoid that possibility and appeared to be making progress last week on key provisions related to automobiles. Trump, who tweeted last month: “Mexico, whose laws on immigration are very tough, must stop people from going through Mexico and into the U.S.

On Thursday, Ryan said that it might be possible within the trade promotion authority framework to find some “wiggle room" to push an agreement through Congress this year. Don't miss a brief. MacNaughton said Canadian and Mexican officials plan to hold discussions in Washington, without saying when. The plea came a day after U.S. President Trump’s trade representative said “gaping differences” on rewriting the North American Free Trade Agreement remained.

We may make this a condition of the new NAFTA Agreement.” Officials from both countries met on Thursday for the first of two days of scheduled talks on a range of issues related to immigration. If Democrats take control of one or both chambers of Congress in the midterm elections, that could diminish the administration’s chances of getting a vote at all. But without a deal, he said that prospect remains tough to gauge because time is short.  On Thursday night, U.S.