Today the markets received another boost as some of the political tensions were removed because Mexico and the United States managed to reach a deal regarding migration rules.
Up until recently Mexico was yet another country that the United States had a trade issue with, despite the signing of the revisions to NAFTA earlier. However, unlike the purely economic reasons for the trade war with China, Mexico found itself on Donald Trump’s bad side because of migration. This has been a long-standing issue in North America, and one central to Trump’s own platform (it is what inspired his wall plan, after all: he wants to see migration under tight control). While Donald Trump’s wall is far from being built, with three fourths of his presidency gone, the US President decided to pressure Mexico by threatening them with tariffs.
With this kind of trade crisis averted, the markets were able to catch a break, and the stock markets are having a better day than usual. The positive effects also reached Europe, where the markets also stabilized and prepped for gains.
