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Trump Wants Deal With Mexico And Canada Says S&P 500 CEO
Posted
January 21, 2025
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7:41Now PlayingFranklin Templeton CEO, Jenny Johnson says President Donald Trump is "a dealmaker" and will want to negotiate with Mexico, Canada and others. . The comments come after Trump said he planned to impose previously threatened tariffs of as much as 25% on Mexico and Canada by Feb. 1, reiterating his contention that America’s two immediate neighbors are letting undocumented migrants and drugs flood into the country.
Trump’s plans for tariffs on two nations vital for US energy and auto imports threatens to set off a trade war among the signatories of the US-Mexico-Canada Agreement, the successor to Nafta negotiated at Trump’s insistence during his first term. The pact governed the flow of $1.8 trillion in goods and services trade, based on 2022 data.
Jenny Johnson also says Trump will likely bring more clarity to the regulation of cryptocurrency. Speaking with Bloomberg's Francine Lacqua on the sidelines of the 2025 World Economic Forum in Davos, Johnson likened the crypto world to the dot com era and predicted convergence will drive down cost in the future.
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