Automobile Stocks: Accord Trump and Canadian-Made Cars

automobile stocks: Automobile stocks soared and the S&P 500 and the Nasdaq rallied to record highs on the expectation that Canada would sign onto the deal and ease the economic uncertainty caused by US President Donald Trump's repeated threats to ditch the 1994 accord, according to Nine News Australia. Trump threatened he still could put tariffs on Canadian-made cars if Canada did not join its neighbours and warned he expected concessions on Canada's dairy protections. To improve your experience update it here News WorldUS, Mexico reach NAFTA deal9 30am Aug 28, 2018Facebook Tweet Mail The US and Mexico have agreed to overhaul the North American Free Trade Agreement NAFTA putting pressure on Canada to agree to new terms on vehicle trade and dispute settlement rules to remain part of the three-nation pact. I think with Canada, frankly, the easiest we can do is to tariff their cars coming in. It could end in one day and we take in a lot of money the following day, Trump said. It's a tremendous amount of money and it's a very simple negotiation. (news.financializer.com). As reported in the news.