NAFTA: U.S. says auto irritant nearly solved, other snags remain
WASHINGTON — The United States has confirmed a breakthrough in the NAFTA negotiations unlocking a major irritant involving automobiles, while stressing that a few remaining disagreements need to be settled before a deal is concluded.
A sense of optimism that the unofficial No. 1 issue in the NAFTA talks might be close to resolution lifted the Canadian dollar more than a cent Wednesday, while the U.S. trade czar confirmed the positive developments on autos.
“We’re finally starting to converge,” Robert Lighthizer said, while delivering a progress report to the U.S. Congress.
“I think we’re in a pretty good place.”