Supply Chain Research

NAFTA negotiators will continue work over the summer but there are no “specific dates” for ministerial meetings, Canada’s Foreign Minister Chrystia Freeland has stated. That’s not a huge surprise with Mexican elections on July 1 and given the need for a cooling-off period after the recent worsening in relations between Canada and the U.S. after the recent G7 summit. A delay could also help in terms of the appearance of the U.S. trade deficit, the Trump administration’s metric for the success or otherwise of a trade deal. The American deficit vs. Mexico fell by 10% in April on a year earl...