Trump Expects NAFTA Talks to Collapse

August 23, 2017 Share Print 0

President Donald Trump on Tuesday said he doubts the United States can reach a deal to renegotiate the North American Free Trade Agreement.”Personally, I don’t think we can make a deal … I think we’ll end up probably terminating NAFTA at some point,” he said at a rally in Arizona of the efforts to tweak the three-nation deal with Mexico and Canada.”I personally don’t think you can make a deal without a termination but we’re going to see what happens, OK? You’re in good hands, I can tell you,” he added.Trump’s comments appeared to hit the Mexican peso.

Source: Trump: We’ll ‘probably’ end up terminating NAFTA

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Craig Erlam

Senior Market Analyst, UK & EMEA at OANDA

Based in London, Craig Erlam joined OANDA in 2015 as a market analyst. With many years of experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while producing macroeconomic commentary. His views have been published in the Financial Times, Reuters, The Telegraph and the International Business Times, and he also appears as a regular guest commentator on the BBC, Bloomberg TV, FOX Business and SKY News. Craig holds a full membership to the Society of Technical Analysts and is recognised as a Certified Financial Technician by the International Federation of Technical Analysts.