Following are the excerpts on the North American Free Trade Agreement (NAFTA) from Goldman Sachs’ latest clients note on the US-China trade war.
“We think a deal on the auto sector is fairly likely, but we believe it will be difficult to reach a finalized agreement covering all aspects of NAFTA renegotiation.
NAFTA negotiations appear to be headed in a positive direction.
we believe it is fairly likely (60% chance) that an agreement on auto-sector rules of origin will be reached in the near-term.
However, we are somewhat more skeptical that a full renegotiation will be completed by the late August deadline negotiators have laid out (35% chance).”
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