After a meeting in Lima, Peru, United States Vice-President Pence stated that NAFTA Negotiations are reaching a close. Although no consensus has been reached, tensions have been relieved in the recent weeks.
Over several months, negotiations have persisted with Canada having threatened to leave the trade partnership. This issue was sparked days after of US President Donald Trump commenting that the US will "get tough" on trade in his State of the Union Address. Although trade negotiations have been targeted primarily at Mexico, In response, Canadian Prime Minister
Justin Trudeau stated that Canada wouldn't "take any old deal".
This comes at stark contrast with the latest news of great progress. While a timeline has not been established, tensions seem to be relieved and work is being made toward a deal. The timeline may become an issue in the near future with the Mexican Presidential Election on the horizon. However, Mexico's economy minister said there is an 80% chance of a deal by the end of may.
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