Displaying items by tag: Canada
US and Canada Seek Last Minute Deal
(Washington)
The US and Mexico’s last minute trade deal before a deadline this week left investors wondering what happened to Canada. Trump and the US’ northern neighbor have been in a spat on trade, but the US-Mexico breakthrough has apparently proven a catalyst for renewed talks. Canada’s foreign minister Chrystia Freeland has flown into Washington directly from Europe and will restart talks this morning as part of a last minute effort to reach a deal with the US.
FINSUM: Having Canada in on any new-Nafta deal seems very important, but we don’t doubt that a deal may not materialize given the current environment.
US and Mexico Reach Important Trade Deal
(Washington)
The US and Mexico have reached an important trade agreement after a year of acrimonious bickering over Nafta. The new deal, from which Canada is conspicuously absent, will put harder trade restrictions on Mexico. The deal is a sign that Trump and the US are willing to ease their fight with neighbors as the country ramps up a battle with China. The Trump administration was in a rush to get a deal done before a power change coming in Mexico. The deal will no longer be called Nafta, but the US-Mexico trade agreement.
FINSUM: This is encouraging from our perspective. The last thing we want right now is a multi-fronted trade war. Hopefully a deal with Canada can be reached as well.