Trump Cancels Labor Day Plans as Canada, China Trade Disputes Loom

The transcript discusses the complexities of the NAFTA deal, focusing on the U.S. President's desire for a bilateral agreement with Mexico, while expressing uncertainty about including Canada. It highlights Congress's lack of support for excluding Canada, emphasizing the importance of U.S.-Canada trade relations. The transcript also covers the impending tariffs on $200 billion worth of Chinese imports, noting the lack of behind-the-scenes efforts to prevent them, which could concern investors.

What is the main concern of the U.S. President regarding the NAFTA deal?

• Increasing tariffs on European imports

• Excluding Mexico from the deal

• Including Canada in the agreement

• Gaining support from Congress

Why is it unlikely that Congress will support the President's position on NAFTA?

• Canada is not a significant trade partner

• Canada is a long-time ally and major trade partner

• The President has strong support from Congress

• Mexico is more important than Canada

How significant is the trade relationship between the U.S. and Canada?

• It involves a few million dollars annually

• It is primarily based on agricultural products

• It is insignificant compared to other countries

• It is the largest trade relationship for the U.S.

What is the current status of the tariffs on Chinese imports?

• They have already been imposed

• They are being negotiated

• They are likely to be implemented soon

• They have been canceled

Why might investors be worried about the upcoming tariffs on Chinese imports?

• The tariffs will only affect small businesses

• The tariffs have been reduced significantly

• There is little information about efforts to prevent them

• The White House is actively working to stop them