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U.S., Mexico Free Trade Is Not a Game Changer for Auto Stocks

Jim Collins

With the announcement of the United States-Mexico Free Trade Agreement between President Trump and Mexico's President Pena Nieto, the first nail in the NAFTA coffin has been driven. Yes, despite the lyrics to Journey's Don't Stop Believin', there is no South Detroit. If you drive dead south from Detroit you end up crossing the Ambassador Bridge to Windsor, Ontario, a town heavily reliant on the U.S.-based automakers.