Fitch: Uncertainty about NAFTA increases trade risks for US

1 Jan 0001 12:00 AM

Fitch Ratings' comments on the NAFTA talks were as follows:

  • Ongoing uncertainty about NAFTA raises trade risks for the United States.
  • Protracted uncertainty about the renegotiation of NAFTA terms can raise risks for some US states, with most lose from NAFTA termination.
  • Fitch's base case continues to be in a favorable conclusion for NAFTA talks that do not disrupt trade.
  • The talks are likely to resume although full ratification of the revised agreement is unlikely to take place before 2019.
  • Higher tariffs may be imposed on agriculture, livestock, energy and automotive products.
  • If the NAFTA is terminated and WTO rules are applied, US trade to Mexico will be more vulnerable to higher & new tariffs.


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