After ramming both Mexico and North American Free Trade Agreement (NAFTA) on last Sunday via tweeter, President Trump has once again taken a jab at both during a press conference with President Niinistö of Finland.
On Sunday, President Trump tweeted in support of his proposed border wall along the Southern border with Mexico, “With Mexico being one of the highest crime Nations in the world, we must have THE WALL. Mexico will pay for it through reimbursement/other.” And on NAFTA he not only slammed the agreement but two participating countries as well, “We are in the NAFTA (worst trade deal ever made) renegotiation process with Mexico & Canada. Both being very difficult, may have to terminate?”
During the press conference after meeting with President Niinistö of Finland, Trump said in response to a reporter’s question on the border wall payment, “One way or the other, Mexico is going to pay for the wall. That's right. It may be through reimbursement, but one way or the other, Mexico will pay for the wall. We're right now negotiating NAFTA. In my opinion, Mexico has been very difficult, as they should be. Why wouldn't they be? They had a sweetheart deal for so many years. It's one of the great deals of all time for them……But, no, Mexico will pay for the wall. It may be through a reimbursement. We need the wall very badly. As you know, Mexico has a tremendous crime problem -- tremendous -- one of the number two or three in the world. And that's another reason we need it.”
On the other hand, Mexico has been more involved in building relationships with other foreign countries including China as it prepares for a fallout in relations with the United States. The other NAFTA partner Canada has been relatively silent on the issue. When Canadian Prime Minister Justin Trudeau was asked about Trump’s tweet to scrap NAFTA agreement, the Prime Minister reportedly said that there is nothing new to the threat by President Trump.


Philippine GDP Growth Slows to 2.3% in Q2
Oil Prices Surge as Iran Hormuz Restrictions Renew Supply Fears
Oil Prices Set for Steep Weekly Losses as Hormuz Deal Stalls
US Yen Intervention Unlikely to Deliver Lasting Recovery, Yardeni Says
Gold Prices Steady as Hormuz Tensions Fuel Fed Rate Concerns
Best Gold Stocks to Buy Now: AABB, GOLD, GDX
Asian Currencies Hold Steady as US Dollar Nears Seven-Week Low Ahead of Key Jobs Data
Brazil Cuts Selic Rate to 14% as Inflation Eases but Risks Persist
China Trade Surplus Beats Forecasts in July as Exports Stay Strong
Asian Currencies Steady as Markets Await U.S. Jobs Data
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed




