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.


Oil Prices Head for 21% Monthly Surge as Middle East Conflict Fuels Supply Fears
Oil Prices Jump as Trump Vows Response to Iran Attack, Supply Risks Return
Gold Price Rallies as Fed Holds Rates, Middle East Tensions Boost Safe-Haven Demand
Fed Holds Interest Rates Steady as Kevin Warsh Says Rising Treasury Yields Tighten Financial Conditions
Oman Proposes Strait of Hormuz Plan as U.S., Iran Remain Divided Over Shipping Fees
European Stocks Edge Higher as Strong Earnings Offset Inflation and Fed Rate Concerns
US Stock Futures Slip Ahead of Fed Decision, Big Tech Earnings Amid Middle East Tensions




