US President Trump is privately considering exiting the North American trade pact, Bloomberg reports
- The news injects further uncertainty about the deal’s future into pivotal renegotiations involving the US, Canada and Mexico, Bloomberg said
- Trump reportedly asked aides why he shouldn’t withdraw from the agreement, though he has stopped short of flatly signaling that he will do so
- A White House official said it was baseless speculation before an announcement from Trump.
Context
This report introduces considerable uncertainty around the future of the North American trade pact as it suggests President Trump may be contemplating withdrawal. Such a move could have significant implications for USD valuation, bilateral trade relations with Canada and Mexico, and broader market sentiment, especially in forex and equities, as investors reassess the risks involved in trade negotiations.
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