“An agreement in principle is like a corporate deal where there’s a terms sheet, where the parties agree on a basic terms. If NAFTA partners want a deal in 2018, they need to figure it out in the next month. Meanwhile, the U.S. administration must notify Congress within 90 days of its intention to sign a trade deal — then, they have 90 sitting days to approve or disapprove of the text itself. “That’s a definite strategy that we see coming out of the Trump administration,” said Greenwood. But there’s no guarantee that Trump won’t see a failure this year and then decide to give up.

Source: National Post April 23, 2018 21:22 UTC