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Sources told Reuters that the US-Mexico trade agreements would let President Trump impose tariffs on Mexican-made cars, SUVs and auto parts above certain volumes. The report said the deal included a cap on Mexican auto exports.
The details were reported on August 29, 2018.
Auto-sector tariffs would be a trade-policy escalation within the NAFTA framework and could reduce the trade flows that support regional feed and grain demand. The impact on agricultural commodities would be indirect.
reuters.comDavid ShepardsonAug 29, 2018Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
