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NAFTA is a ‘mixed’ disaster: Fmr. Chrysler CEO Bob Nardelli [FOX Business Network]

Whirlpool Corporation (WHR) 
Last whirlpool corporation earnings: 4/30 04:10 pm Check Earnings Report
Former Chrysler CEO Bob Nardelli on Tuesday said NAFTA is a “mixed” disaster and believes Trump is right to renegotiate the 24-year-old trade deal. Continue Reading Below “It depends on your point of view and where you are in the supply chain on NAFTA,” he told FOX Business’ Liz Claman on “Countdown to the Closing Bell.” U.S., Canada and Mexico are currently trying to renegotiate the North American Trade Agreement (NAFTA), due to President Donald Trump’s threat to walk away from the agreement. On Monday, the Trump administration announced that it will implement a 20% tariff on the first 1.2 million imported large residential washing machines. “When I went to Home Depot ( HD ), we were hardly in the appliance business. We had exclusive big-box distribution rights for LG state of the art technology…for Whirlpool we saw today with the tariff their stock went up,” he said. The biggest issue under negotiation is the U.S.’s demand for more car parts to be Show less Read more
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