U.S. Economic News
September 5, 2017
U.S. Economic Indicators
New factory orders for manufactured goods fell 3.3% in July following a 3.2% increase in June, but are up 5.6% on the year. New orders excluding transportation inched up 0.5% while new orders for nondefense capital goods excluding aircraft rose 1.0%. Census Bureau Report
U.S. News
The Wall Street Journal reports that Canada is taking a tough stance on certain provisions in the second round of NAFTA negotiations, which may prove difficult for U.S. and Mexican negotiators. Canada is pushing provisions that will prevent countries from purposely cutting environmental regulatory policies to draw investment, and is advocating for international labor standards. WSJ
According to the Wall Street Journal, the Trump administration’s threat to restrict trade with countries doing business with North Korea could be near impossible to enforce without severely harming the U.S. economy. Some analysts contend that unilateral sanctions on individuals or firms seen helping North Korea develop weapons would prove more viable than entirely cutting off trade with countries conducting business with North Korea. WSJ