According to a report by Bloomberg, citing several people familiar with the matter
- US, Mexico said to near NAFTA framework
- Progress has been made on issues including rules for cars
- But there is no broader agreement on reshaping NAFTA
- Canada says no notice of any deal being reached though
- No agreement yet on "sunset clause" and rules for government contracting
No mention of any handshake deal in the report here but the headlines continue to highlight progress in negotiations between the two countries. Canada is yet to join in the loop as they haven't been involved in discussions for several weeks now.
There are still key issues lingering but any handshake deal or declaration of victory by Trump will be a big boost to risk in markets, particularly for the peso and the loonie. But even then, it's best to be wary that the key issues like the "sunset clause" could yet be deal breakers at the end of the day.
