The United States-Mexico-Canada (USMCA) Free Trade Agreement is fast becoming a free trade agreement for the world, whereas any multinational with a presence in Mexico can set up shop and make the U.S. its number one target. China is doing that now.
U.S. Trade Representative Katherine Tai took to the Financial Times this week to re-state her position, and President Biden’s, that from now on, global trade has to benefit the common good.
Rising levels of foreign direct investment by China into Mexico enables tariff-avoiding shipments of Chinese goods and parts into the U.S.
The Mexican & Guatemalan governments are working against their own peoples’ interests. Rather than weakening our rules of origin, North American leaders should be united in recapturing market share lost to China.
The Senate Finance Committee held a hearing on the one-year anniversary of the USMCA. U.S Steelworkers Union, and others, say where the new NAFTA is working, and where it’s not.
From the environment to labor, the International Trade Commission looks at a compendium of academic literature over a roughly 18-year period to gauge whether agreements like NAFTA and KORUS were good deals. And for whom.
Two Senators, one Democrat and one Republican, make a desperate plea to others in the Senate to get the Attorney General to investigate a meat packing monopoly they say is substituting American beef for cheaper imports. Yet, prices still rising.
