(Greg Quinn, Josh Wingrove & Eric Martin – Bloomberg)
As Donald Trump pushes to overhaul U.S. trade ties abroad, negotiations with his two biggest export markets are resuming in hopes of finding new common ground on easier subjects – leaving the most contentious U.S. demands for later.
The fifth round of North American Free Trade Agreement talks starts Wednesday in Mexico City, two days earlier than initially scheduled. It’s the first meeting since U.S., Mexican and Canadian negotiators extended talks to March and added more time between sessions, abandoning Trump’s previous deadline.
U.S. Trade Representative Robert Lighthizer capped the last session by chastising Mexico and Canada for balking at certain demands – it was the U.S. that sought the extension, according to two government officials familiar with the proceedings who spoke on condition of anonymity. The most contentious U.S. demands are on dairy, automotive content, dispute panels, government procurement and a sunset clause. Click here to read more.