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NAFTA termination despite Trump's bravado: economists1/5/2018
  U.S. President Donald Trump’s threats to scrap the North American Free Trade Agreement (NAFTA) will soon be a distant memory, likely to be supplanted by only slight changes to the 24-year-old pact, a Reuters poll of economists suggested. None of the 80 forecasters - most based in Canada, the United States and Mexico - polled by Reuters April 16-24 expect NAFTA to be terminated.To get more stock market news, you can visit shine news official website. A large majority said the most likely outcome is a marginally different agreement, with only six expecting radical changes.
The results, though mostly in line with a January poll, showcase growing conviction among economists and analysts that months of thorny conversations will deliver a good outcome for all parties. The findings come despite Trump’s decision to deliver on some of his campaign trail protectionist threats by hiking tariffs on steel and aluminum imports. This suggests companies and policymakers may have convinced Trump to focus on China, instead of the pact underpinning over $1 trillion per year in trade between Mexico, the U.S. and Canada. The U.S. government has acknowledged the strong economic ties between the three North American economies, a result of efforts by pressure groups signaling to Trump’s administration the relevance of that treaty,” said Jesús López, an analyst at Banco BASE in Mexico City.
His remarks underline a recent swing toward optimism in official communications around NAFTA as negotiators stepped up efforts to reach an agreement ahead of Mexico’s July 1 presidential elections. Trump said this week that a new NAFTA could be agreed on quickly as Canada hailed progress on forging new rules for the auto industry, the main standing point in talks to revamp the trade pact. The U.S. government has acknowledged the strong economic ties between the three North American economies, a result of efforts by pressure groups signaling to Trump’s administration the relevance of that treaty,” said Jesús López, an analyst at Banco BASE in Mexico City.
His remarks underline a recent swing toward optimism in official communications around NAFTA as negotiators stepped up efforts to reach an agreement ahead of Mexico’s July 1 presidential elections. Trump said this week that a new NAFTA could be agreed on quickly as Canada hailed progress on forging new rules for the auto industry, the main standing point in talks to revamp the trade pact. Trump’s negotiators initially demanded North American-built vehicles contain 85 percent content made in NAFTA countries by value, up from 62.5 percent now. But industry officials say that has been cut to about 75 percent, with certain components coming from areas with higher wages.  
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