Posted on 16 Aug 2018
US market players are beginning to imagine a post-North American Free Trade Agreement (Nafta) world as negotiations bog down, and the picture is not very inviting, Kallanish hears.
"On Nafta, the rumours are flying but nothing is coming out of the conversations," says one buy-side source. "I think Nafta has to be a win for Trump - there's too many unfair practices to overlook."
A second buy-side source says Nafta negotiations have hit a "... bottleneck."
"I know that Canada wants to get a deal done as the tariff problem is getting worse, both to and from," he says.
A source at one top-tier mill anticipates a freeze on Nafta negotiation news until after the November mid-term elections, in which President Donald Trump's Republican party will face challenges to its holdings in the US Congress.
Earlier this week, Canada invited public comments for safeguard measures on a variety of steel products (see related story).
