The U.S. decision to proceed with steel and aluminum tariffs adds a new wrinkle to one of its other most pressing trade files: Nafta talks with Canada and Mexico.
While the Rural Mainstreet Index is growth positive for the fourth month in a row, indicating things are improving in farm country, Dr. Ernie Goss from Creighton University has his eyes on trade and interest rates.
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.
While there have been rumors a renegotiated North American Free Trade Agreement (NAFTA) will be released this week, Canada and Mexico aren’t done negotiating.
Congress gave the president authority to renegotiate the deal and they will have to approve it.
NAFTA negotiators from the U.S., Canada and Mexico are poised to miss the deadline this week cited by House Speaker Paul Ryan, the latest blown marker for reworking the 24-year-old deal.
Paul Ryan says he needs notice of a NAFTA deal by May 17 if the current Congress is going to be able to vote on it, suggesting talks are pushing up against the constraints of American trade law.