NAFTA

Updated at 3:06 p.m. ET

With a deadline looming, Canada and the United States headed into talks for a fourth day, trying to hammer out a deal that would rewrite the 24-year-old North American Free Trade Agreement.

Canada rejoined NAFTA talks on Tuesday, a day after the U.S. and Mexico reached a deal, tweaking the free trade agreement. President Trump said he had a new name for that pact: the United States-Mexico Trade Agreement.

Becca Schimmel / Ohio Valley ReSource

The United States and Mexico have reached a preliminary deal to renegotiate the North American Free Trade Agreement. The emerging agreement has big implications for agriculture and automakers in the Ohio Valley.  

Nick Youngson / Alpha Stock Images (CC BY-SA 3.0)

Automotive manufacturing leaders met in Kentucky to discuss how changes in U.S. trade policy under President Trump affect the industry and its growing presence in the Ohio Valley.

Nicole Erwin, Ohio Valley ReSource

  Jimmy Tosh sells a lot of pigs. He is owner and CEO of Tosh Farms, Tosh Pork, and Bacon By Gosh, in Henry County, Tennessee, and has 84 contracted barns in the region where farmers grow pigs for his products.

Trade negotiators for the United States, Canada and Mexico are running out of time to complete an overhaul of the North American Free Trade Agreement, making it likely the effort won't be completed this year.

The failure to complete the deal would be a political setback for President Trump, who has repeatedly vowed to scrap NAFTA and replace it with something better.

House Speaker Paul Ryan has said that under timetables imposed by a 2015 law, the three countries need to complete a deal by Thursday if Congress is to pass a new treaty before the November midterm elections.

Nicole Erwin, Ohio Valley ReSource

Dairy farmers in the Ohio Valley are feeling pressure from a market that is flooded with milk. Prices have plummeted amid supply from foreign producers and larger operations squeezing out small farmers. The crisis has dairy farmers rethinking the U.S. market system and looking to other countries for solutions.   

Nicole Erwin, Ohio Valley ReSource

  China buys more than half of the soybeans grown in the Ohio Valley. So China’s threat this week to place a 25 percent tariff on U.S. soy means farmers would be caught in the crosshairs of a trade war.

Kentucky Chamber of Commerce, via Facebook

The Kentucky and Ontario Chambers of Commerce released a statement on Wednesday in support of the North American Free Trade Agreement.

Automakers are watching closely as the Trump administration tries to renegotiate the North American Free Trade Agreement, and the latest round of talks is under way in Mexico City this week.

NAFTA touches almost every business sector — few more than the car industry. Automakers say that changing the agreement could boost their costs and make them less competitive.

Still from White House video.

When President Trump spoke to the American Farm Bureau annual convention this month he focused on the regulatory rollbacks and tax cuts that motivated many farmers to help vote him into office.

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