The seventh round of NAFTA talks have “not made the progress” hoped according to the USTR, with a window of “one to one and a half months” to reach an agreement in principle before the election season across all three countries start. Canada appears happy to wait though for a “good deal, not just any deal”.  As expected the U.S. section 232 metals duties have thrown a spanner in the works, with Canada and Mexico potentially facing $2.6 billion of tariffs. ​​​​​​​A necessary, but not sufficient, condition for success remains automotive rules of origin, where Mexico held back counter-propo...