Donald Trump said he had a ‘friendly’ hour-long phone call with Mexican President Pena Nieto but he’ll insist on renegotiating the economic relationship between the two countries. President Donald Trump’s stoking of trade tensions puts that momentum at risk. Continued gains in household purchases, the first advance in business-equipment spending in five quarters, and accumulation of inventories contributed to growth. On Friday, Trump said he had a “friendly” hour-long phone call with Pena Nieto but said he’ll insist on renegotiating the economic relationship between the two countries. “The biggest wild card is trade policy under the new administration,” New York-based Shapiro said in a note after the GDP report.

Source: Mint January 28, 2017 09:05 UTC