# Experts caught off guard by latest Trump Nafta scare, wary of tax proposal - BNamericas

> Mexican markets slid after a New York Times report that Trump would sign an order to exit NAFTA, which was followed by a presidential tweet saying the US would renegotiate instead. The peso posted its largest drop in months, and the tax reform proposal added to the uncertainty. Analysts expect continued volatility as negotiations proceed.

- Date: 2017-04-28 · published 2017-04-28T12:00:00.000Z
- Category: trade · region North America · magnitude medium
- Page: https://feedsoft.ai/events/71735-experts-caught-off-guard-by-latest-trump-nafta-scare-wary-of-tax-proposal
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md)

## Why it matters

Renewed threats to NAFTA raise the risk of tariffs on agricultural trade, which matters for feed grain and meal flows between the US and Mexico. Peso weakness also raises Mexico's import costs for feed.

## Read by commodity

- USDMXN: bullish ▲

## Sources

- bnamericas.com: https://www.bnamericas.com/en/news/experts-caught-off-guard-by-latest-trump-nafta-scare-wary-of-tax-proposal

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.