Time running out for NAFTA deal, but bilateral agreements possible, United States says

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"It's a 25-year-old-plus trade agreement, so that makes sense".

Several officials privately expressed frustration at his latest broadsides during the seventh round of NAFTA talks in Mexico, where Trump has regularly raised hackles by insisting on building a border wall he says Mexicans will pay for. "They're already talking about the impact on soybeans in China and how they will retaliate, so that's a tremendous concern of mine and something we continue to work with" Iowa's congressional delegates and federal liaison to stabilize the trade discussion. He later added, when asked about U.S. Nafta demands: "Of course the United States is willing to compromise".

By early evening on Saturday, no further sections had been concluded, said an official familiar with the talks.

"We should be looking to expand on tax reform's economic growth through opening more markets, not imposing additional restrictions on global trade", the Nebraska 3rd District Republican congressman said.

Expectations of progress at the seventh round in Mexico City had already been tempered by the conviction that major problem areas were unlikely to be removed without the mediation of senior political figures.

Quinstreet Inc (QNST) and Lantheus Holdings (LNTH) Seeing Needle Moving This Session
Barrow Hanley Mewhinney And Strauss Ltd Liability holds 1.97% in General Electric Company (NYSE:GE) or 54.12 million shares. Clarkson Capital raised Freeport-McMoRan from a "neutral" rating to a "buy" rating in a report on Wednesday, January 17th.

In a bid to "rebalance" Nafta and boost USA manufacturing, the US wants to require that 85 percent of a typical auto be built within Nafta to be traded under the pact, up from the current 62.5 percent, and add a US -specific requirement of 50 percent, while also rewriting what products' origin is tracked.

"It's a lot of extra work", he told Reuters on Saturday.

Officials say a handful of less contentious NAFTA chapters could still be concluded during the latest round of talks, and three people at the talks said the technical teams remained focused on their tasks, despite the uncertainty the steel tariff plan had caused.

Trump has repeatedly threatened to pull out of NAFTA if the deal is not recast to his liking, arguing that it has caused an exodus of USA manufacturing jobs to lower-cost Mexico.

"It's wrong to think you can have a normal, calm relationship with Trump, he's not like that", the former official said, speaking on condition of anonymity.

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