Peso Plunges As White House Plans NAFTA Withdrawal Executive Order…(4th Hack 10:30)
by Tyler Durden
ZeroHedge.com
Apr 26, 2017
The Mexican Peso is tumbling (and Loonie extending yesterday’s timber-tariff-driven losses), as Politico reports, the Trump administration is considering an executive order on withdrawing the U.S. from NAFTA, according to two White House officials.
Politico reports that a draft order has been submitted for the final stages of review and could be unveiled late this week or early next week, the officials said. The effort, which still could change in the coming days as more officials weigh in, would indicate the administration’s intent to withdraw from the sweeping pact by triggering the timeline set forth in the deal.
The approach appears designed to extract better terms with Canada and Mexico, and judging bvy the FX market’s reaction, they agree…
The Rest…HERE
