Mexican Peso, Canadian Dollar Jump on Optimism for NAFTA Deal

Patti Domm CNBC Markets Editor
March 22, 2018

The following is an excerpt. To view the full article please visit the link below

report in the Globe and Mail said that the U.S. dropped demands for the inclusion of 50 percent U.S. content in automobiles, which is seen as the most contentious issue in the talks....

Jeff Rubin, senior fellow at the Center for International Governance Innovation, said the U.S. auto content rule was unclear to begin with and it's not clear that it has been dropped.

"On the surface, it looks like the Trump administration is backing down and Canada and Mexico are advancing their interests and safeguarding their interests. That's the face value. The real threat is that this is …

* * *

The opinions expressed in this article/multimedia are those of the author(s) and do not necessarily reflect the views of CIGI or its Board of Directors.