All metals took a significant dip on 5/18.
Trump promised voters that he would either pull out of NAFTA—a trade deal between the US, Mexico, and Canada—or renegotiate a deal that he labeled the worst in history. It was announced Thursday that negotiations are set to begin in August at the earliest. NAFTA became law in 1994 and changed North American trade, providing benefits for all three countries. Approximately 14 million jobs depend on North American trade and imports/exports have grown significantly in the region since NAFTA was adopted. Both Mexico and Canada are prepared for the negotiations. The Trump administration has yet to unveil details about what they hope to change.