(Download the PDF version: Trading Room -20190614
Friday afternoon, Mexico and the US agreed on the migration crisis, an agreement that prevents, at least temporarily, the establishment of tariffs against products from Mexico. We highlight the following from the joint declaration and the press:
Now that a major hurdle was avoided, the Mexican Senate is currently holding meetings regarding USMCA ratification. The Ministry of Economy provided the final English and the preliminary Spanish text of the treaty that are available in the following link: USMCA.
According to news outlets, the Mexican Senate may ratify USMCA next week, probably Wednesday 19 of June.