One of the most notable political trends over the past 18 months—and one with the potential to affect companies across many industries—has been voter pushback against globalization and free trade. June 18th, 2017 [The Wall Street Journal] Indeed, following the Brexit vote in the U.K. and Donald Trump’s victory in the U.S. presidential election, nations…
General Motors Co. GM +0.32% said Friday it would open a supplier park near its Arlington, Texas, sport-utility factory, resulting in the relocation of about 600 jobs from Mexico to the U.S. and a higher concentration of American-made parts in Chevrolet Suburbans and Cadillac Escalades. [Mike Colias & William Mauldin] June 16th, 2017 [The Wall Street Journal] Many of those U.S. employees…
U.S. government signals that it will push for a ban on currency manipulation in the North American Free Trade Agreement have attracted little attention, as Mexico and Canada are rarely accused of gaming the foreign-exchange market. The strategy is likely to prove more contentious when the Trump administration turns its attention to South Korea. [Randy…
Secretary of State Rex Tillerson told House members Wednesday that the Trump administration supports the World Trade Organization but the global body is in need of changes. Asked by Rep. Gregory Meeks (D-NY) if President Trump supports a slew of institutions including the WTO, the Asia-Pacific Economic Cooperation forum and others, as well as the…
