WASHINGTON, Nov 14 (Reuters) - U.S. Commerce Secretary Wilbur Ross said on Tuesday that he believes NAFTA negotiations will produce "some sort" of a deal for President Donald Trump to evaluate but repeated his warnings that the United States is willing to walk away from the trade pact if key issues are unresolved.
Ross, speaking before the start of a fifth round of talks to modernize the North American Free Trade Agreement this week, said Mexico and Canada would suffer far more than the United States if the pact is dissolved.
"I would certainly prefer them to come to their senses and make a sensible deal," Ross told a CEO forum sponsored by the Wall Street Journal.
"In any negotiation if you have one party that is not in fact prepared to walk away over whatever are the threshold issues, that party is going to lose," Ross added.
(Reporting by David Lawder; Editing by Lisa Shumaker)