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?

 
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