Canada’s lead NAFTA trade negotiator, Steven Verheul, has outlined five of the “most extreme” U.S. negotiating positions that Canada cannot accept. These don’t bode well for the next rounds of NAFTA talks. Two of these – the “sunset clause” and dispute settlement may have easy options – indeed the U.S. has already given ground on the former. The others are less tractable. U.S. calls for country-specific automotive content within rules of origin will likely be a red line in negotiations. America is focussed on its trade deficit, and autos account for 74% of the goods portion. Canada’s sha...