Silver as an investment

Category Archives: Economy of North America

NAFTA Talks Heat Up As Trump Administration Takes Aggressive Stance On Autos

Trump’s NAFTA negotiators in recent days put forth a string of bold proposals on everything from auto rules of origin, a sunset clause, government procurement, and gutting dispute panels seen by the other nations as core to the pact. The moves were long-signaled, as was Canadian and Mexican opposition to them, but with a more […]

US Proposes “Sunset Clause” That Would Kill NAFTA After 5 Years

After President Donald Trump said Wednesday that the US would be open to striking bilateral trade agreements with Mexico and Canada if the three neighbors can’t come to an agreement on Nafta, Bloomberg is reporting the administration's negotiators have proposed a “sunset clause” that would see the North American Free Trade Agreement expire after five […]

Stocks Dazed After Trump NAFTA Flop, Tax Plan Disappointment; ECB Looms

European shares are lower, pressured by disappointing results by Deutsche Bank and ending a six-session gain, as Asian equities and S&P futures were little changed after a record-setting rally in world stocks which pushed the MSCI World index to over $50 trillion yesterday, fizzled after Trump released unconvincing tax cut plans prompting traders to “sell […]

An Angry Canada Responds To Trump’s Lumber Tariff… And What It Means For The Economy

After last night’s announcement of ~20% tariffs on softwood lumber imported from Canada, Prime Minister Justin Trudeau lashed out at the Trump administration saying the U.S. could suffer from a “thickening” border as trade tensions between the two countries escalated, sending the Canadian currency to a 14 month low. As a reminder, the United States […]

Is Trump About To Flip Again: Ryan Says “TTIP Good For Global Order”

From Obamacare to NATO, and from Ex-Im Bank to Chinese currency manipulators, President Trump has shown he is comfortable changing his mind 'bigly'. Today's exuberant support for "TTIP as good for global order," from Speaker Ryan, following VP Pence's meetings in Japan, raises questions about whether Trump's executive order withdrawing from the Trans-Pacific Partnership (TPP) […]

American Jobs Once Again Flowing Into Mexico After Brief, Trump-Induced Pause

After Ford scrapped plans for a new facility in Mexico and continues to flood the White House with press releases detailing normal course capital expenditures to be made on domestic plants, investments that would have been made irrespective of their outsourcing ambitions, it seems as though economics are making a comeback in  guiding the capital […]

Yen, Peso Pop After Ross Targets NAFTA, Japan For Trade Deals

The yen and the peso jerked higher after President Trump’s commerce secretary Wilbur Ross commented that he expecte to start renegotiating NAFTA within two weeks and that Japan will be high on the list for trade agreements. As Bloomberg reports, discussions are under way with the Finance, Ways and Means committees and the expectation is […]

Mexico Threatens To End NAFTA Talks If Trump Proposes Tariffs

After months of tough talk from the Trump administration on NAFTA and border tariffs on goods imported from Mexico, among other issues, Mexico’s top trade negotiator, Economy Minister Ildefonso Guajardo, is now ratcheting up his own threats from south of the border.  Speaking to Bloomberg over the weekend, Guajardo said that Mexico will walk away […]

Mexico Prepares Plan To Ditch U.S. Grain Imports As NAFTA Showdown Looms

America’s Midwest farmers can’t seem to catch a break.  First, an epic collapse of grain prices over the last couple of years have threatened to wipe out family farmers (see “Midwest Farm Bubble Continues Collapse As Farm Incomes Expected To Crash In 2017“) and now, thanks to the pending NAFTA showdown threatened by President Trump, […]

Peso, Loonie Drop After NAFTA Renegotiation Executive Order Headlines

Confirming his campaign rhetoric and inaugural address tone, President Donald Trump is expected to sign an executive order as early as Monday to renegotiate the North American Free Trade Agreement (NAFTA) with Canada and Mexico, according to NBC News’ Kristen Welker. President Donald Trump is expected to sign an executive order as early as Monday […]