HSBC Highlights Corporate Optimism’s Resilience Over Global Trade Uncertainty
Protectionism has cast a shadow of uncertainty over global traders, and North America’s trade relationships are in flux.
Early in President Donald Trump’s presidency, the U.S. withdrew from the Trans-Pacific Partnership. One year later, the nation’s participation in the North American Free Trade Agreement (NAFTA) is also changing as the U.S., Canada and Mexico engage in negotiations that are expected to continue through April, according to Bloomberg reports this week.
Despite ongoing change and uncertainty, however, new analysis from HSBC finds corporates across North America remain confident in their future global trading operations…
…Eighty-seven percent of Mexican professionals, 77 percent of U.S. professionals and 70 percent of Canadian professionals say they are optimistic about increasing cross-border trade volume over the next year…
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