John Deere will lay off or offer early retirement to over 200 workers in Iowa, while at the same time the tractor producer is gearing up to move production of mid-frame skid steer loaders and compact loaders from its plant in Dubuque, Iowa to a proposed new facility in Mexico.
After a generation of making cars with Western automakers, China has evolved into an electric vehicle (EV) force to be reckoned with.
New industry letter asks President Biden to end negotiations and take action to impose quotas or tariffs to enforce Mexico steel deal.
Mexico may be an ally of the United States, but lately, it hasn’t been behaving like one. Not only is Mexico helping China avoid U.S. tariffs, but it’s also openly violating an agreement not to flood the U.S. with steel products.
Despite USMCA being the “gold standard” trade agreement, Mexican trade problems are increasing with the U.S. The Senate Finance Committee on Wednesday brought up the
USTR Katherine Tai sat for a two hours-plus hearing with the House Ways and Means Committee on Tuesday to discuss trade matters and was met early on by some staunch criticism.
While the month-over-month goods deficit with China fell by around $3.7 billion, the deficit with Mexico rose by $2 billion over the same period.
How can U.S. industry, small and large, compete against countries with much weaker currencies, lower labor and environmental regulatory costs, and the overproduction and dumping that come from Asia?
Mexico is fast becoming a new hub for China offshore investment and exports.
Despite the best efforts of Ambassador Tai and others, it’s time for our lawmakers and the administration to take punitive action and address Mexico’s blatant disregard of the trade agreement.
