Loading…
The White House said Trump agreed not to terminate NAFTA 'at this time' and would instead renegotiate the deal with Mexico and Canada. The announcement followed reports that he was drafting an order to end the pact.
The reversal lifted the Mexican peso and Canadian dollar after earlier losses.
Keeping NAFTA intact preserves the duty-free US feed grain and meal trade into Mexico and Canada, which supports demand. Renegotiation still leaves the risk of new tariffs on those flows.
bbc.comApr 27, 2017Not enough comparable past events yet for a historical read.
Not 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.
