Economy

We Might See a Fake NAFTA Deal

Written by SK Ashby

Multiple outlets reported yesterday that Trump may announce some kind of "handshake" deal with Mexico to resolve bilateral trade issues, and Mexican officials said this morning that they may be just "hours" away from a deal, but if we do see an announcement it will definitely be nothing more than a handshake.

To make that clear, unhinged trade representative Robert Lighthizer released a very direct statement this morning.

(Reuters) - North American Free Trade Agreement talks have "major issues outstanding", a spokesperson for the U.S. Trade Representative said on Wednesday.

"There is no deal on NAFTA," the person said, as U.S. and Mexican negotiators resumed negotiations.

It's possible Trump will make an announcement to change the subject and redirect the news cycle away from his corrupt government, but anything he says almost certainly won't be set in stone.

Moreover, we appear to be even further away from an agreement with Canada than the Trump regime ever was with Mexico and you can't reform NAFTA without an agreement between all three countries.

I believe a best case scenario for all parties involved is for Trump to declare victory and move on and forget about this business even if nothing has really changed.