Trump Says He Has Better Plan if US Doesn’t Ratify USMCA

President Donald Trump said on Monday he has “a better plan” if the U.S. Congress does not pass a new trade deal with Canada and Mexico.

Trump, who was speaking at a White House event, did not give details about his plan. The United States, Mexico and Canada signed the USMCA last November to replace the existing North American Free Trade Agreement that governs more than $1.2 trillion of mutual trade, but lawmakers must ratify the deal in all three countries.

via Reuters

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.

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