"U.S. and Canada Reach Deal to Salvage NAFTA"

"WASHINGTON — The United States and Canada have reached a last minute deal to salvage the North American Free Trade Agreement, according to people familiar with the negotiations, overcoming deep divisions to keep the 25-year-old trilateral pact intact.

The deal came after a weekend of frantic talks to try and preserve a trade agreement that has stitched together the economies of Mexico, Canada and the United States but that was in danger of collapsing amid deep divisions between President Trump and Canadian Prime Minister Justin Trudeau.

The 11th-hour agreement was punctuated by a frenetic Sunday, with Canada’s leaders teleconferencing throughout the day with top American officials in Washington. Mr. Trudeau convened a 10 p.m. cabinet meeting in Ottawa to brief officials on the deal, as Jared Kushner, one of Mr. Trump’s closest advisers, and Robert E. Lighthizer, the president’s top trade negotiator, hashed out the final details. Mexico’s under secretary of foreign trade, Juan Carlos Baker, was expected to present the texts of the agreement to the Mexican senate just before midnight."

Alan Rappeport reports for the New York Times September 30, 2018.

Source: NY Times, 10/01/2018