Profile image
By silveristhenew (Reporter)
Contributor profile | More stories
Story Views

Last Hour:
Last 24 Hours:

Yen, Peso Pop After Ross Targets NAFTA, Japan For Trade Deals

Friday, March 10, 2017 9:42
% of readers think this story is Fact. Add your two cents.

(Before It's News)

The yen and the peso jerked higher after
President Trump’s commerce secretary Wilbur Ross commented that he
expecte to start renegotiating NAFTA within two
and that Japan will be high on the list for
trade agreements

As Bloomberg reports, discussions are under way with the
Finance, Ways and Means committees and the expectation is
that “in the next couple weeks” the U.S. will issue the 90-day
notice trigger legally required consultations with
Commerce Secretary Wilbur Ross tells
journalists in Washington. Ross spoke at a press briefing
with Mexican Economy Secretary Ildefonso Guajardo
The revamping of Nafta could result in either
two bilateral agreements with symmetrical conditions or a fresh
trilateral deal, says Ross, adding the U.S. is less concerned with
the form than trying to get the right substance, and that it is
premature to discuss specific details of Nafta
The border adjustable tax is still a concept, and
there’s been no formal proposal; whatever is decided will probably
be a “large component” of the House tax bill.

Additionally, Ross said that Japan was to be a high
priority with regard a new trade agreement. 

The result was a kneejerk higher in the Yen and

width="500" />

"" />

height="1" width="1" alt="" />


Report abuse


Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

Top Stories
Recent Stories



Top Global


Top Alternative



Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.