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Mnuchin says NAFTA negotiations could slide into 2019

Treasury Secretary Steven Mnuchin testifies to the House Financial Services Committee on "The Annual Report of the Financial Stability Oversight Council" on Capitol Hill in Washington, U.S., February 6, 2018.

JOSHUA ROBERTS / REUTERS

Treasury Secretary Steven Mnuchin says efforts to renegotiate a trade agreement with Canada and Mexico could spill into next year.

The Trump administration missed an informal deadline last Thursday that had been set by House Speaker Paul Ryan to get a revamped North American Free Trade Agreement to Congress in time for lawmakers to vote on it in a midterm election year.

On Friday, some members of Congress urged the Trump administration not to abandon negotiations even as United States Trade Representative Robert Lighthizer warned the three nations are "nowhere near close to a deal," according to Bloomberg.

Mnuchin said on "Fox News Sunday" that the negotiators are "still far apart" but continue to work through many issues.

Mnuchin says President Donald Trump is more determined to get a deal he believes is good for the U.S. than he is worried about meeting a specific deadline.

Mr. Trump has long said NAFTA was bad for the U.S. and its workers.