Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (53909)	1/28/2019 7:21:37 AM
From: Goose94	Read Replies (1) \| Respond to of 202700

Magna Int'l (MG-T) overhauled trade deal with Canada and Mexico is facing growing resistance in the United States Congress. The unnamed sources say the largest business lobby in the U.S. is planning a court challenge if Mr. Trump tries to terminate the North American free-trade agreement to pressure legislators to ratify the pact's replacement, the proposed U.S.-Mexico-Canada Agreement. A source says the U.S. Chamber of Commerce is one of several business, agricultural and advocacy groups looking to sue the Trump administration if he triggers NAFTA's withdrawal process. Such legal action would assert that the U.S. President does not have constitutional authority to pull the country out of a trade deal without Congress's approval. The groups are hoping to avert the serious economic consequences that would likely ensue from breaking up one of the world's most lucrative free-trade zones. Court action would likely go all the way to the Supreme Court, which could take years -- buying time for companies to prepare for the worst, or for a more trade-friendly president to replace Mr. Trump.