US trade chief Robert Lighthizer has expressed some frustration on Thursday, as reported by Reuters, as the US' self-imposed deadline for a deal on NAFTA has slipped by without anybody seeming to care, and the NAFTA renegotiations continue to drag on.
Key quotes
“The NAFTA countries are nowhere near close to a deal. As I said last week, there are gaping differences on intellectual property, agricultural market access, de minimis levels, energy, labor, rules of origin, geographical indications, and much more,” Lighthizer said in a statement issued by his office.
Lighthizer said the United States will continue to engage in negotiations to secure a deal beneficial for U.S. workers, farmers, ranchers and businesses."
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Recommended content
Editors’ Picks
AUD/USD: Further retracement targets the 200-day SMA
![AUD/USD: Further retracement targets the 200-day SMA](https://editorial.fxstreet.com/images/Markets/Currencies/Majors/AUDUSD/macro-of-aussie-100-note-8615104_XtraSmall.jpg)
The downward bias in AUD/USD remained unabated for yet another session on Tuesday, dragging spot to five-week lows and approaching the key 0.6600 neighbourhood.
EUR/USD remains vulnerable to extra pullbacks
![EUR/USD remains vulnerable to extra pullbacks](https://editorial.fxstreet.com/images/Markets/Currencies/Majors/EURUSD/money-59004818_XtraSmall.jpg)
EUR/USD retreated to multi-day lows and revisited the 1.0840 region on the back of the resumption of the buying interest in the greenback and ahead of key data releases due later in the week.
Gold reconquers $2,400, lacks directional momentum
![Gold reconquers $2,400, lacks directional momentum](https://editorial.fxstreet.com/images/Markets/Commodities/Metals/Gold/gold-nuggets-14424039_XtraSmall.jpg)
Gold stages a rebound and trades above $2,400 on Tuesday after closing the fourth consecutive trading day in negative territory on Monday. The pullback seen in US Treasury bond yields help XAU/USD cling to modest daily gains despite the US Dollar's resilience.
Ripple stablecoin unlikely to invite legal trouble with SEC, XRP loses key support
![Ripple stablecoin unlikely to invite legal trouble with SEC, XRP loses key support](https://editorial.fxstreet.com/images/Markets/Currencies/Cryptocurrencies/cryptocurrenciesusd_XtraSmall.jpg)
Ripple (XRP), the native token of the XRP Ledger slipped under $0.60, a key psychological support for the altcoin. The two key market movers are the Securities & Exchange Commission’s (SEC) lawsuit against Ripple and the upcoming stablecoin RealUSD (RLUSD).
US S&P Global PMIs Preview: Economic expansion could struggle in July Premium
![US S&P Global PMIs Preview: Economic expansion could struggle in July](https://editorial.fxstreet.com/images/Macroeconomics/EconomicIndicator/EconomicHealth/Manufacturing/two-workers-working-with-angle-grinder-gm535277977-57109498_XtraSmall.jpg)
On Wednesday, S&P Global will release advanced readings for the United States (US) Purchasing Managers Indexes (PMIs) for July, a monthly survey of business activity. The survey is anticipated to indicate that US economic activity in the private sector faced mixed trends during the current month.