Clash of visions for auto industry casts doubt on imminent NAFTA deal
A clash in visions for the auto industry continues to cast doubt on the likelihood of an imminent NAFTA deal as the three main players gathered for what could be a final effort to achieve an agreement this year.
Sources say Mexico presented ideas this week on auto parts that differed substantially from the American goal at the talks in Washington, DC.
Mexico's proposal lacked a firm wage standard as the U-S has demanded, would require less North American content than the US wants.
It has also ignored rules on using North American steel and would allow companies a 10-year adjustment period, more than double the proposed US phase-in period.
The countries continue to say they are making progress at this round, which could be the last chance to get an agreement before elections in Mexico and the U-S effectively freeze talks until 2019.