Axios is reporting US President Trump taking the risks of withdrawing the U.S. from the trade deal with Canada and Mexico more seriously
Axios says five sources have spoken privately with Trump about NAFTA
Two arguments have helped change Trump's thinking:
- Withdrawing might interrupt the stock market's record-breaking run under his presidency.
- Withdrawing from NAFTA would harm farmers and agricultural communities - whom Trump considers "my people."
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Should be a CAD and MXN positive