Nafta Isn’t Dead Yet, Despite Missed Deadline
The Wall Street Journal | Fri, Sep 28, 2018
by Jacob M. Schlesinger
WASHINGTON—President Trump has concluded that trade talks with Canada have reached an impasse, giving up on the self-imposed Sept. 30 deadline for completing a full rewrite of the North American Free Trade Agreement. As a result, the administration plans to publish as soon as Friday the draft of a Mexico-only deal that would replace the quarter-century-old trilateral bloc.
Does that mean the imminent breakup of the continentwide free-trade zone? Probably not, according to people familiar with the process. A more likely result is some fudging of the deadline and procedures, and more talks with Ottawa over the coming weeks, and possibly months.