Commerce's Ross Says Hard Issues Yet To Be Dealt In NAFTA 2.0

While there have been some gains or at least discussions on the "easy" issues in the NAFTA 2.0 talks, Commerce Secretary Wilbur Ross told CNBC that "very little has been done on the hard issues." And, Ross noted that it is "definitely a possibility" that President Donald Trump could exit NAFTA. He also noted that a final deal in the talks "will either be 100 percent or zero percent" acceptable, he added. "It won't be some percentage in between."Regarding Trump's comments to CNBC last week in Davos that he was open to rejoining the Trans-Pacific Partnership (TPP) agreement if the U.S. can get a much better deal, Ross also appeared to downplay that possibility. "Remember, they don't have their act together among themselves," he said. "The so-called Group of 11 is not completely resolved on its own let alone resolved relative to concessions they might make to the United States."