February 15, 2018 / 5:04 PM / 6 months ago

Treasury's Mnuchin says priority for U.S. to renegotiate NAFTA

WASHINGTON (Reuters) - U.S. Treasury Secretary Steven Mnuchin said on Thursday he was “cautiously hopeful” that the United States will be able to reach a deal with Canada and Mexico on a revised North American Free Trade Agreement, saying it was a priority for the Trump administration.

FILE PHOTO - U.S. Treasury Secretary Steve Mnuchin testifies before a Senate Finance Committee hearing on Fiscal Yeah (FY) 2019 budget on Capitol Hill in Washington, U.S., February 14, 2018. REUTERS/Yuri Gripas

“I am cautiously hopeful that (U.S. Trade Representative) Ambassador Lighthizer will be negotiating this deal,” Mnuchin told the House Ways and Means Committee, which has jurisdiction over trade matters in the U.S. Congress.

“It is a major priority of ours to renegotiate the deal,” he added, declining to comment on consequences if the United States pulls out of talks.

Reporting by Lindsay Dunsmuir and Lesley Wroughton

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