Peter Navarro Confident US Congress Will Pass USMCA

President Donald Trump’s trade advisor Peter Navarro believe’s it’s certain that Congress passes landmark trade legislation known as the United States-Mexico-Canada Agreement before the end of the year.

“I’m going to give it a 100% here because it’s so important for this country and I can’t imagine that Nancy Pelosi would not put this on the floor to at least have a vote,” Navarro told CNBC “Squawk Box” host Joe Kernen.


usdcad Canadian dollar graph, September 10, 2019

“I mean, as you know, there’s some progressive politics going on: They want to take our cars and our cheeseburgers, our private health insurance, raise our taxes and then give the money away to illegal immigrants for health care,” he added. “I don’t think that’s who Nancy Pelosi is. I think she is going to do the right thing on this and get the job done.”



The legislation, shortened to USMCA and billed as a replacement to the North American Free Trade Agreement, is one of the administration’s key economic accomplishments to date. The accord makes changes to two the trade relationships between the U.S. and two of its largest trading partners, including stricter rules on the country of origin for auto parts and better enforcement of wage rules.

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