An extended piece from Goldman Sachs focusing mainly on the US China trade war, but I picked out these snippets on Nafta
- We think a deal on the auto sector is fairly likely, but we believe it will be difficult to reach a finalized agreement covering all aspects of NAFTA renegotiation.
- NAFTA negotiations appear to be headed in a positive direction
- we believe it is fairly likely (60% chance) that an agreement on auto-sector rules of origin will be reached in the near-term
- However, we are somewhat more skeptical that a full renegotiation will be completed by the late August deadline negotiators have laid out (35% chance)
The full piece is here at Zero Hedge for much, much more
I'm gonna have to be honest and say I don't think this Mexican negotiator guy is fully representing the interests of Mexico ...
