Global Markets: Progress made on NAFTA talks

By Commodity News Service
Sept. 6 (CNS Canada) – The following is a glance at the
news moving markets in Canada and globally.
United States President Donald Trump who has been a
controversial figure since Day One in office, is facing his most
difficult time since taking power. An opinion piece in the New
York Times penned by a senior administration official refers to
a “resistance” working from inside the Presidential offices to
destabilize and protect Americans from Trump’s damaging
behaviour. As well, a new book by veteran journalist Bob

Woodward was released and paints a picture of a president
thought of by many in the administration as an “idiot”. Later
yesterday afternoon Trump tweeted one simple word: “Treason?”
Investors appear to be bracing for a ratcheting up of the
trade war between the U.S. and China as world stocks fell for a
fifth straight day. The MSCI All-Country Index, a sampling of
shares from 47 countries, was down and stocks in Europe were
also down. Today marks decision day for the U.S. on whether it
will impose a further US$200 billion in tariffs on Chinese
products.
Canada and U.S. have reportedly made progress on talks to
remake the North American Free Trade Agreement. Canadian Foreign
Minister Chrystia Freeland said trade officials from both
countries worked late into the night last night.

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