With the administration’s latest batch of tariffs against China still stinging markets, some think the administration will not want to wage trade wars on all fronts in addition to could move to resolve disputes with the European Union or with Canada in addition to Mexico over revamping NAFTA. The visit Friday could be a warm up for renewed talks on the North American Free Trade Agreement.
“There’s actually people getting optimistic on Mexico,” said Jens Nordvig, CEO of Exante Data.
“I think what’s happening on trade is usually we have This particular endless escalation against China, although I don’t think we’ll have an escalation on the some other fronts,” Nordvig said. “The push back against which is usually going to be extreme.”
He added which the administration may be using a brand new found relationship with Mexico as a lever to pressure Canada.
Trump has said he could like bilateral trade talks with Canada in addition to Mexico, creating sure which may be an agenda item for the U.S.
NAFTA talks were put on hold until after the Mexican election July 1, in addition to the item was assumed there could be no progress until after the U.S. midterm elections in November. Canadian Prime Minister Justin Trudeau briefly spoke with Trump Wednesday on the sidelines of the NATO meeting. the item was their first discussion since the G-7 meeting, when Trump withdrew via the communique because of Trudeau’s comments on trade, according to news wires. They were said to discuss the brand new dynamic of trade talks with the inclusion of Lopez Obrador.
“Lozpez Obrador has tried to smooth the concerns of international investors in addition to American companies although he hasn’t genuinely discussed much around immigration in addition to security,” said Hartasánchez. He said the president-elect, a sociailist, has also shown which he will work with the outgoing administration in addition to which he’s willing to speak with the U.S., both positives.
which has helped the peso recover, in addition to the item is usually today up 5 percent since election day in addition to 8 percent since the middle of the month.
although Hartasánchez said he is usually skeptical much headway will be made on NAFTA. “the item seems which everybody has kind of accepted which they are putting This particular off to November. What they might try to discuss is usually whether they can advance inside the interim so they are in place to announce an agreement in November,” he said.