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Energy is crown jewel of NAFTA nations and will bind them, even in a trade war

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President Donald Trump's tariffs on steel and aluminum raise new concerns about the U.S. commitment to NAFTA, but energy is one industry that could continue to bind North American commerce together regardless of trade deals.

The energy interests of the U.S., Mexico and Canada are so integrated, it would be in no one country's interests to undo them, industry experts say. The U.S. is both a buyer and seller of energy with both its southern and northern neighbors and has been for decades.

"On all sides, the idea of a North American energy security, energy dominance is a consistent goal across all countries," said Jackie Forrest, ARC Energy Research Institute senior director of research. "I would expect ongoing free trade for energy. It's a win, win for all parties. The scenario of having tariffs on energy, nobody really wins from that."


Source :- cnbc
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