Trump Administration Preparing Executive Order to Withdraw from NAFTA

The Trump administration is mulling an executive order on withdrawing from the North American Free Trade Agreement, the three-nation deal President Donald Trump repeatedly slammed on the campaign trail, Politico reported, citing two White House officials.

A draft version of the order exists, Politico and NBC News reported. Politico reported that the order is in the “final stages of review” and could be “unveiled late this week or early next week,” but NBC News could not confirm that timing.

Trump previously said he wanted to renegotiate NAFTA, arguing that the agreement has punished American workers and companies. The order, though, could be used as a negotiating tactic with Mexico and Canada, the other NAFTA parties.

via CNBC

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza