U.S. Trade Rep. Lighthizer: U.S. won't force quick NAFTA deal - Bloomberg

Eren Sengezer FXStreet

According to a recent report by Bloomberg, speaking at Senate Finance Committee, U.S. Trade Representative Robert Lighthizer said that there was no deadline to reach a deal on revamping the North American Free Trade Agreement.

Key quotes (via Bloomberg):

The U.S. plans to start re-negotiating Nafta with partners Canada and Mexico on Aug. 16 and the government wants the discussions to move quickly
I am prepared to continue to negotiate until we get a high standard agreement unless there’s a total stalemate, in which case I’ll be back before in front of this committee and I’ll consult with senators
I’m not going to be in a position where I commit to the status quo going on forever. That’s not going to happen. But we don’t have any artificial deadlines

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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