Dossier
trade deficits
Coverage of trade deficits in the Nexus archive.
- The US, Canada and Mexico begin bumpy negotiations to renew North American trade pact
The US, Canada, and Mexico have begun negotiations to renew the USMCA trade pact, with the US objecting to immediate extension and demanding changes to address issues like trade deficits and supply chain concerns. Failure to reach an agreement could dissolve the pact by 2036, potentially disrupting North American auto production and increasing car prices.
- Yen weakens against dollar, rattling Japan
The yen fell to its weakest level against the US dollar since 1986, prompting concerns about potential Japanese intervention. The currency decline is linked to expectations of US Federal Reserve rate hikes, Japan's trade deficits, and energy import reliance, with mixed economic impacts on exporters and inflation risks.