USTR notifies Congress of its intent to renegotiate NAFTA; U.S. hopes for a trilateral deal

The administration on Thursday formally notified Congress of its intent to renegotiate the North American Free Trade Agreement, kicking off a 90-day congressional consultation period and laying the groundwork for the start of talks with Canada and Mexico in August. U.S. Trade Representative Robert Lighthizer, in describing the May 18 notice , said he hoped the structure of a modernized NAFTA would be trilateral, though he noted that some talks would have to be held bilaterally to deal with specific...