Supply Chain Research

The sixth round of NAFTA talks ended with an agreement to a seventh round from February 26, hinting that the Trump administration does not plan to initiate a withdrawal notice for now. While there was progress in several areas, the rhetoric between Canada and the U.S. has become increasingly hawkish, as evidenced by a disagreement over basic trade statistics. Based on U.S. figures, America ran an $18 billion trade deficit in the 12 months to November 30, including a $2 billion automotive industry deficit and $53 billion in energy (ie a surplus in all other areas). Regulatory differences,...