Seven out of 10 respondents to the latest Steel Market Update market trends questionnaire feel the United States should not withdraw from the North American Free Trade Agreement. Less than 30 percent say the U.S. should follow through on its threats to pull out of the trade pact if it does not win concessions from Canada and Mexico.
Few Favor NAFTA Withdrawal
"A trade agreement between North American countries makes too much sense,” commented one mill executive. “The worst decision is to withdraw from our local trade pact. We will lose out in the end,” said a trading company executive. "As a consumer, I don't want my price of goods to go up,” added a respondent from a service center.
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Tim Triplett is the executive editor of Steel Market Update. Tim joined SMU after 20 years as editor-in-chief of Metal Center News Magazine. A journalist and business writer for 40 years, Tim holds an MBA from Aurora University. Tim can be reached at Tim@SteelMarketUpdate.com or by phone at 630-513-5916.Website: https://www.steelmarketupdate.com