WASHINGTON — Talks to rewrite the North American Free Trade Agreement have stalled over tough American demands, dashing hopes that a deal is possible this year.
A fourth round of negotiations between the U.S., Mexico and Canada ended in mutual exasperation Tuesday. Talks will continue next month in Mexico City and will spill over into 2018. The negotiators had hoped to reach an agreement this year — before Mexico’s presidential election and U.S. midterms turn up the political pressure in 2018.
Talks have deadlocked over America’s insistence that a rewritten NAFTA reduce America’s huge trade deficits. President Donald Trump has vowed to withdraw from the 23-year-old pact if he can’t get what he wants.
