02:07:38 EDT Fri 26 Apr 2024
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Resolute Forest Products Inc
Symbol RFP
Shares Issued 90,453,964
Close 2018-10-29 C$ 14.50
Market Cap C$ 1,311,582,478
Recent Sedar Documents

Globe says Magna, others hear midterms threaten USMCA

2018-10-30 05:59 ET - In the News

See In the News (C-MG) Magna International Inc

The Globe and Mail reports in its Tuesday, Oct. 30, edition that Mexico's incoming trade chief says the new trilateral trade pact with the United States and Canada is far from a done deal, and that she is concerned it will not be passed in the U.S. Congress, given the fraught state of the country's domestic politics. A triple bylined item in The Globe reports that Luz Maria de la Mora says, "It's still a big 'if' in terms of the [midterm] election in the U.S." She will handle the trade portfolio for Andres Manuel Lopez-Obrador once he takes office as Mexico's president on Dec. 1. She says: "And we know that this is going to fall into the trap of domestic politics in the U.S. I think we have a lot to worry about. We're going to see NAFTA and Mexico coming into play in terms of the politics of Democrats versus Republicans and [President Donald] Trump." A provisional text of the rebranded United States-Mexico-Canada Agreement (USMCA) was reached on Sept. 30 and must be approved by the legislatures in all three countries to supersede the current North American free-trade agreement. Mexico's current and incoming governments have been unanimous in their endorsement of the tentative trade deal.

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