U.S., Canadian, and Mexican negotiators are cloistered in the Camino Real on the edge of Polanco in Mexico City, their sessions extending late in the night as they prepare for the arrival of ministers for the next round of talks on the North American Free Trade Agreement (NAFTA).

To contrast with the crackling tension ending the earlier meetings in Montreal, the Mexicans hope to leverage the rapport built between Mexican Commerce Secretary Ildefonso Guajardo and U.S. Trade Representative Robert Lighthizer and announce new common ground.

Yet even if negotiators overcome still-daunting differences, NAFTA may still hang. It won't necessarily be President Trump who kills a new accord; instead, the biggest threats may lie in issues of timing and circumstance beyond any one leader's control.

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