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6 things to watch in the NAFTA renegotiations

Published 08/16/2017, 11:04 AM
Updated 08/16/2017, 11:04 AM

Investing.com -The clock is ticking
The 3 sides have set an ambitious timetable with the goal of wrapping up talks by early next year.
Eliminating the deficit
The Trump administration has made eliminating the more than $60bn trade deficit with Mexico a top priority.
Rules of origin
The U.S. may insist on new restrictions around regional-content requirements, a red line for Mexico.
Higher wages in Mexico
The US wants new labor rules to force wages to go up in Mexico, reducing its cost advantage.
A dispute over disputes
The US wants to scrap the Chapter 19 trade dispute mechanism, a red line for Canada.
Political risk
Even if a deal is struck, it is unclear if it could survive a vote in the US Congress

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