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a strong supporter of the north american free trade agreement. but despite the presence of a new free trade advocate in the white house there are still massive hurdles to overcome while some of the u.s. administration s demands are plausible such as the reduction of the u.s. trade deficit with then after others remain contentious trump wants to limit duty free extensions for cars to vehicles that drop eighty five percent of their components from nafta countries he is also calling for an end to canada s protections sports there in poultry producers another point of contention the u.s. objects to canada subsidizing its lumber industry but providing its own producers with cheap access to public land despite those stumbling blocks canadian prime minister justin trudeau believes a deal can be reached. canada knows that there is a win win win outcome on improving now after that something will be good for canada
two of the bigget free trade advocates in wall street gone, and wall street doesn t like it. last year gary cohn resigned as economic adviser, now rex tillerson out as secretary of states. his firing sent major stock averages lower yesterday, setting the tone for stocks got asia down, hong kong, tokyo closed lower. look, european shares opening lower here. the concern, a trade war especially with china. u.s. stocks fell further after news broke the president wants new tariffs on chinese imports. another free trade advocate may join the white house. president trump is looking very strongly, he said, cnbc commentator larry kudlow to replace gary cohn. we don t agree on everything, but in this case i think that s good. i want to have a divergent opinion. we agree on most. one big difference, kudlow is a free trader and against the president s tariffs. here s what he said about trump
checks or than just saying, hey, i m going to give you this, not going to give you this, they re threatening to disappear entirely, the big donors, kind of from across the spectrum, not just big entities like the koch brothers, the local chamber of commerce in ohio, where senator rob portman sees familiar faces every time he goes home. they re all saying, what am i buying, if you guys can t get anything done, we love that health care bill, we sent you there and we gave you the keys. if you re saying what are they buying, maybe rob portman shouldn t have endorsed a president who was against nafta. rob portman has spent his entire life in politics as a free trade advocate. so maybe when you make a deal with the devil, this is what you get. but they don t my point is they don t exist in a vacuum. zp this tax bill is already bad