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OPINION: A new Commerce Department investigation into auto imports is yet another sign that President Trump just fundamentally doesn't understand how trade deals work. His goal is a one off win, but trade deals are supposed to make all parties feel like they walked away winning something.
The Canadian dollar sank versus the greenback Friday on the back of economic data and after trade negotiators missed House Speaker Paul Ryan's deadline for a new NAFTA deal.
House Speaker Paul Ryan set a May 17 deadline for the Trump administration to send a NAFTA deal to Congress. Given the large number of major issues outstanding and pessimism from Trump officials, it looks like that deadline is going to be missed.
President Trump's economic adviser Larry Kudlow told Politico that he was unsure a new NAFTA could be reached before a congressional deadline. If not deal is sent to Congress by Thursday, NAFTA would not receive a vote in 2018.
Canada’s foreign minister keeps scribbling notes on her hand, and they could provide clues about the NAFTA talks
Canadian foreign minster Chrystia Freeland keeps writing notes on her hand after NAFTA meetings with terms including Iran, Caltrain, BBQ, and Sunset. The scribbles may provide clues about the country's foreign policy and NAFTA stances.
Paul Ryan just set a deadline for the US to reach a monumental new trade deal with Mexico and Canada
House Speaker Paul Ryan said that a new NAFTA agreement needs to get done by May 17 in order for the current Congress to vote on the deal. But, there are still significant outstanding issues for US, Canada, and Mexico's negotiators to resolve including car manufacturing.
‘Thin ice’: Top US officials are sending fresh warnings about the massive new trade deal between the US, Canada, and Mexico
Both US Trade Representative Robert Lighthizer and Commerce Secretary said that a new NAFTA deal must be reached in the next few weeks or the current Congress may not get the chance to vote on the deal.
The US, Mexico, and Canada appear to be closing in on a new NAFTA deal, but issues regarding the production of automobiles and a five-year "sunset clause" still linger.
The Mexican peso dropped more than 1% versus the dollar on Wednesday morning.
US stocks climbed higher Tuesday as investors shook off a recent tech selloff and anxieties surrounding the Trump Administration,