Global Perspectives: Reports from the Trade War Front Lines
Weekly commentary on international finance and economics including global events and how world issues affect our domestic issues.
Reports from the Trade War Front Lines
Share this story:
Among many stories swirling in the news these days, the announcement Sunday night about the revamped and renamed NAFTA took center stage in the business press, particularly during the first half of the week. What have we learned so far?
The U.S. can credibly claim that it came away with a slightly better deal than it had, but it certainly was not all that was hoped for initially. The U.S. made progress on requiring that North American suppliers contribute more to auto production at factories with elevated minimum wages and union powers. This will primarily impact production in Mexico. We also got better access to dairy markets in Canada.
Canada and Mexico held their own in negotiations, with most of their "wins" coming from not giving in to key demands from the U.S.: Retention of a key dispute-resolution mechanism, protection from threatened auto tariffs and a longer sunset clause of 16 years versus five.
Want to learn more about international finance, economics, and global events? Sign up for our other Foreign Exchange emails and videos!
Follow City National Bank on social media:
Investment and Insurance Products:
Are Not insured by the FDIC or any other federal government agency
Are Not deposits of or guaranteed by a Bank or any Bank Affiliate
May Lose Value
This report is for general information and education only and was compiled from data and sources believed to be reliable. City National Bank does not warrant that it is accurate or complete. Opinions expressed and estimates or projections given are those of the authors as of the date of the report with no obligation to update or notify of inaccuracy or change. This report is not a recommendation or an offer or solicitation to buy or sell any financial instrument discussed. It is not specific investment advice. Financial instruments discussed may not be suitable for the reader. Readers must make independent investment decisions based on their own investment objectives and financial situations. Prices and financial instruments discussed are subject to change without notice. Instruments denominated in a foreign currency are subject to exchange rate and other risks. The Bank (and its clients or associated persons) may engage in transactions inconsistent with this report and may buy from or sell to clients or others the financial instruments discussed on a principal basis. Past performance is not an indication of future results. This report may not be reproduced, distributed or further published by any person without the written consent of City National Bank. Please cite source when quoting.
Tune in for a guide to ETFs and investing strategies for potential long-term success. View in a browser Fidelity Fidelity Log in Creating a portfolio with ETFs: Why and how Creating a portfolio with ETFs: Why and how