>> It's possible we won't be able to reach a deal with one or the other.>> The fate of the North American Free Trade Agreement in doubt Tuesday, as Mexico and Canada reject the Trump Administration's demands. I'm Andy Sullivan in Washington, where negotiators for the three NAFTA nations are still far apart as they wrap up a difficult week of talks.
Saying they'll need more time to retool the 1994 Free Trade Agreement. President Trump has been threatening to kill NAFTA for years. Now that's looking like a distinct possibility.>> None of us want to end this process empty-handed.>> Talks hitting an impasse over a list of White House demands.
The Trump Administration pushing to insert a sunset clause in NAFTA, requiring new talks every five years. Also demanding that more automobile parts be made in the United States. Trump also trying to make it easier to raise tariffs against some Canadian and Mexican goods, none of those demands going down well.
Canadian foreign minister Chrystia Freeland saying those changes would lead to tens of thousands of lost jobs. Saying the Administration's demands making it hard to find common ground.>> But that cannot be achieved with a winner-take-all-mindset or an approach that seeks to undermine NAFTA, rather than modernize it.>> Mexico economy Minister Ildefonso Guajardo warning that each side must understand that it has limits.
US Trade Negotiator Robert Lighthizer not giving any ground, saying NAFTA has become lopsided in favor of Mexico and Canada.>> As difficult as this has been, we have seen no indication that our partners are willing to make any changes that will result in a rebalancing.>> Nobody's walking away from a deal at this point.
Talks are due to resume in Mexico City next month after a cooling off period. Negotiators had hoped to reach a deal by the end of the year, but that's clearly not happening at this point. That means more months of uncertainty under the constant threat that President Trump might just pull the plug on the whole deal.
He's shown a willingness to walk out of other international agreements on climate change and Asia trade. And after this week's talks in Washington, NAFTA's future, also looking less assured.>> Thank you, thank you very much.