It now looks likely that a new NAFTA will be negotiated. This is bullish for two reasons:
- It shows that Trump really wants deals, and is willing to be realistic.
- It puts this specific issue to bed.
It seems that all the trade negotiations are running on the US election calendar. The NAFTA talks have to conclude the Friday to be within the current congress's 90-day window.
The Chinese negotiation was intentionally put off until after the elections. This is much more difficult because it involves our attempt to change the basic Chinese business model. I predict that this will lead to a major problem after the Nov elections.
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