All Posts Tagged: Trump

U.S. Outlook: U.S., Mexico reach preliminary trade agreement

Scott Anderson
Chief Economist

The 16-year trade deal between the U.S. and Mexico announced by the Trump administration earlier this week sets into motion a series of events that could ultimately lead to an overhaul of the North American Free Trade Agreement (NAFTA), which has been in force between the U.S., Mexico, and Canada since 1994.

Semi truck hauling 8 new cars through a vast field under a partly cloudy sky.It is improbable that future U.S.-Canada trade will not be governed by a trade agreement in one form or another.

For more on this, see highlights of my report below, followed by a link to the full U.S. Outlook, delivered on August 31.

Key observations:
  • Although the deal has yet to be finalized, it includes no resolution on the issue of eliminating the U.S. import tariffs of aluminum and steel from Mexico and Canada.
  • Autos were one of the main sticking points holding up the negotiations.
  • While auto exports to the U.S. are not as important to Canada as they are to Mexico, they were the second biggest goods export to the U.S. in 2017, trailing only mineral fuels.
  • In the short run, the revised trade agreement between Mexico and the United States is not expected to have substantive impacts on the U.S. economy.

Read my full report.

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U.S. Outlook: Where there is smoke, is there fire?

Scott Anderson
Chief Economist
Busy street view of US Capitol from a few blocks away.

There has been much activity in Washington unrelated to tax reform from congressional hearings on Russian entanglements to a delayed House vote on a replacement for the Affordable Care Act. Risks that the new administration and Congress could get side-tracked from their tax cut, infrastructure, and deregulation agenda are on the rise. For more on […]

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Investment Insights: Between a rock and a hard place

Wade Balliet
Posted by Wade Balliet
Investment Strategy
Black silhouettes of several male and female executives at a meeting table under a blue global map.

This weekly report presents insights from our Global Investment Management team. The S&P 500 Index sank 1.23% during trading hours Tuesday, the first daily decline of over 1% since October 11th last year. Markets seem to be reassessing near-term risks as oil slumps and the U.S. dollar continues a precipitous decline that started just over […]

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Investment Insights: Animal spirits flying too high?

Wade Balliet
Posted by Wade Balliet
Investment Strategy
Upward view of statue depicting an eagle with wings outstretched, with a little bit of the Federal Reserve building (Atlanta) behind it

The animal spirits that lifted the market to each new high may have hit their limits, as the S&P 500 Index has failed to advance the past few trading sessions and consumer confidence may be starting to lose momentum.

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Business growth signs remain in view during 2017

Kristin Nelson
Wealth Management Strategy
3 women business owners in a meeting. one of whom is talking while holding a tablet.

Most signs point to U.S. business owners having a good year — though there may be some hiccups along the way.

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