Authored by Mike Shedlock via MishTalk.com,
A “sugar bomb” will detonate on June 5 unless the US and Mexico can reach an agreement on sugar imports within the next week.
If the US takes action, Mexico has threatened to retaliate. Corn and high fructose corn syrup are likely targets.
Mexico is the key buyer of US corn syrup.
Sweet Deals
Whenever manufacturers or growers cannot compete, they moan about “dumping”.
In an apparent snub to the administration's trade policy plans, GE CEO Jeff Immelt - who sits on the Trump-appointed manufacturing council - said he "very supportive" of NAFTA adding that he was "optimistic about Mexico."
Just a day after we showed Mexico's Manufacturing industrial production surge 8.5% year-over-year - the greatest surge since August 2010...
Submitted by Jim Quinn via The Burning Platform blog,
Why can’t brain dead liberals understand the need for a wall after seeing these statistics?
How can we have an unsecured border with a failed third world state, where murder and drugs are the two biggest imports?
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Mexico was second deadliest country in 2016
In one of the most striking reversals for President Trump to date, as reported earlier, just hours after the White House said the president is contemplating terminating NAFTA before his 100th day, sending the loonie and peso crashing, Trump reversed his position and as Bloomberg put it, made a "huge U-turn" in his NAFTA stance, allowing the trade agreement to continue after he spoke with the presidents of Mexico and Canada about ways to renegotiate the accord.
European shares are lower, pressured by disappointing results by Deutsche Bank and ending a six-session gain, as Asian equities and S&P futures were little changed after a record-setting rally in world stocks which pushed the MSCI World index to over $50 trillion yesterday, fizzled after Trump released unconvincing tax cut plans prompting traders to "sell the news" while caution set in as the ECB met.