All Posts Tagged: Trump
The 16-year trade deal between the U.S. and Mexico announced by the Trump administration earlier this week sets into motion a series of events that could ultimately lead to an overhaul of the North American Free Trade Agreement (NAFTA), which has been in force between the U.S., Mexico, and Canada since 1994.
For more on this, see highlights of my report below, followed by a link to the full U.S. Outlook, delivered on August 31.Key observations:
- Although the deal has yet to be finalized, it includes no resolution on the issue of eliminating the U.S. import tariffs of aluminum and steel from Mexico and Canada.
- Autos were one of the main sticking points holding up the negotiations.
- While auto exports to the U.S. are not as important to Canada as they are to Mexico, they were the second biggest goods export to the U.S. in 2017, trailing only mineral fuels.
- In the short run, the revised trade agreement between Mexico and the United States is not expected to have substantive impacts on the U.S. economy.
There has been much activity in Washington unrelated to tax reform from congressional hearings on Russian entanglements to a delayed House vote on a replacement for the Affordable Care Act. Risks that the new administration and Congress could get side-tracked from their tax cut, infrastructure, and deregulation agenda are on the rise. For more on […]Read More ›
This weekly report presents insights from our Global Investment Management team. The S&P 500 Index sank 1.23% during trading hours Tuesday, the first daily decline of over 1% since October 11th last year. Markets seem to be reassessing near-term risks as oil slumps and the U.S. dollar continues a precipitous decline that started just over […]Read More ›
The animal spirits that lifted the market to each new high may have hit their limits, as the S&P 500 Index has failed to advance the past few trading sessions and consumer confidence may be starting to lose momentum.Read More ›