Dizzying Deadlines

The US has set a mid-May deadline to complete NAFTA negotiations with Mexico and Canada. On 5/22, $50 billion in tariffs can be imposed on Chinese imports, and on 6/1, steel and aluminum tariffs will be levied on the EU if they are not again delayed. Add the May 12th Iran nuclear decision and imminent denuclearization talks with North Korea. That’s a staggering amount of pending uncertainty. Expect heightened volatility.