Fitch says ongoing uncertainty regarding NAFTA raises trade risks for US states

Author: Eamonn Sheridan | Category: News

Fitch ratings on Nafta negotiations

  • Says ongoing Nafta uncertainty lifts trade risks for US states
  • Protracted uncertainty around Nafta renegotiations could elevate risks for some US states with most to lose from a Nafta termination
  • Fitch's base case continues to be a favorable conclusion to Nafta talks that does not materially disrupt trade in bloc
  • Talks are likely to resume, although full ratification of a revised agreement is unlikely before 2019
  • Some of highest tariff rates could be imposed on farm, livestock, energy and automotive products
  • Fitch says if Nafta terminated & WTO rules take their place, US states with greater trade exposure to Mexico to be more at risk of higher/new exports tariffs
(Headlines via Reuters) 
I guess being positive is a good thing, everyone says so. But … when is it time to recognise that progress seems non-existent? How long does this go on for and we (Fitch et al) remain optimistic?

Is this another manifestation of the underestimating of Trump?

By continuing to browse our site you agree to our use of cookies, revised Privacy Notice and Terms of Service. More information about cookiesClose