Tag Archives: tariffs

Uncertainty prevails as Mexico election looms

The world is now 18 months into the Donald Trump era, and there is no doubt the U.S. president is making an impact, not only on the United States but on its trade partners as well.  The U.S. media depict in alarming terms a country in a deepening state of social conflict, with polarized liberals and conservatives abusing one another in public and political candidates risking their careers by opposing the strongman in the White House.  We’ll save the 1930s-Nazi-Germany parallels for the cantina but from our vantage point here in Mexico, the ongoing state of uncertainty in U.S. public policy is a real nuisance for North America across the board. Continue reading Uncertainty prevails as Mexico election looms

U.S. triggers 90-day waiting period for NAFTA negotiations

Frenemies
Frenemies

On May 18, the Trump administration sent formal notice to the U.S. Congress that it intends to renegotiate the terms of the North American Free Trade Agreement (NAFTA) between the United States, Mexico and Canada.  The move initiates a 90-day waiting period before actual negotiations may begin, during which business groups can provide their input on the pact and the U.S. negotiating team may draw up its objectives and strategy for the talks with Mexico and Canada.  U.S. President Donald Trump has called NAFTA “the worst deal in history” and “a disaster” and threatened to unilaterally withdraw the United States from the accord, however in recent weeks he has toned down his statements and backed renegotiation rather than withdrawal.  Mexico is strongly in favor of maintaining the NAFTA agreement, and facing the prospect of cancellation of the pact, has embraced the negotiations. Continue reading U.S. triggers 90-day waiting period for NAFTA negotiations