Late Sunday evening The U.S., Mexico, and Canada came to a trilateral trade deal to replace North American Free Trade Agreement (NAFTA). The new agreement is being called USMCA, U.S.-Mexico-Canada Agreement. After a year of negotiations, here are some of the terms that are now public.
The International Maritime Organization (IMO) impending regulation change might not grab headlines like the Iran sanctions or the Venezuelan economic crisis have; but some experts feel it will have a large impact on crude oil prices in less than 1 ½ years. On January 1st 2020, the IMO is set to enforce that marine vessels can only burn low sulfur diesel. This restriction is in place to reduce carbon emissions globally.
On Thursday July 6th Scott Pruitt resigned from his position of Chief Administrator of the Environmental Protection Agency (EPA). Pruitt has held the position since February of 2017 but recently been under fire for numerous ethics controversies, ultimately stating the reason for his resignation was due to “unrelenting attacks on himself and his family which have taken a sizable toll on all of us”. Let’s take a look at what Pruitt was able to accomplish while in office and also some of the controversies that plagued him.