NAFTA Watch: At Least 25 Days of Doubt for $1.2 Trillion of Trade, Midterms Matter More — Panjiva


NAFTA Watch: At Least 25 Days of Doubt for $1.2 Trillion of Trade, Midterms Matter More

Ags - Fruit/Veg 82 Ags - Meat/Dairy 138 Canada 338 Cons. Staples - Food/Beverages 395 Energy - Coal 43 Energy - Conventional 272 Energy - Crude Oil 194 Energy - Natural Gas 86 Mexico 505 Trade Deals 702 U.S. 3297 USMCA 373

The latest round of NAFTA negotiations failed to secure a trilateral deal, though the Trump administration has nonetheless notified Congress it intends to sign a new agreement from November 30. The White House noted Canada will be included only “if it is willing”. The trade deficit (the administration’s “success metric”) held by America with Canada of $15 billion in the past 12 months is mainly the result of a $57 billion energy products deficit which a revised NAFTA deal won’t sort out. Excluding energy the U.S. has a surplus in trade with Canada. An agreement in the agricultural sector...

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