Tag Archives: USMCA

U.S. sends ag trade mission to Mexico

We were surprised to see announcements early this month that U.S. Secretary of Agriculture Sonny Perdue would be arriving imminently in Mexico at the head of a major agricultural trade mission.  Surprised, for one, because we hadn’t heard a peep about such a large-scale, high profile mission, which was announced only the day before the group arrived in Mexico City.  And two, because the U.S.-Mexico trade relationship – particularly in agriculture — has been nothing if not fraught with conflict during the Trump administration.  Continue reading U.S. sends ag trade mission to Mexico

Economic slowdown the talk of the town

Ten years ago we were crawling around in the smoldering wreckage of the 2008 financial crisis, hoping to survive the economic nuclear winter on grubs and bark.  Heaven knows there were some lean times there but somewhere along the way things must have turned around because in more recent years, to hear the media tell it, the North American economy had become Biggie Smalls, spending its days smoking blunts and drinking Cristal with chickenheads in a jacuzzi and it was all good.  Biggie’s long dead of course and the media are now auguring a similar fate for the NAFTA-zone economy, and much like back-to-school, we feel like we’re not ready for the heady summer of fun to end. Continue reading Economic slowdown the talk of the town

Mexican Senate ratifies USMCA

Mexico’s Senate voted June 19 to ratify the USMCA trade agreement, making Mexico the first of the three North American countries to reach this milestone.  The vote of 114 in favor to five against demonstrates the firm support for free trade on the part of Mexican President Andrés Manuel López Obrador (AMLO) and his Morena party, which holds more than twice as many Senate seats as the largest opposition party.  Interestingly, four of the five votes against the USMCA came from members of the president’s own party, further underscoring the broad support for the deal across the political spectrum.  With Canada seemingly moving ahead toward ratification, concern in Mexico appears to be focused on internal political struggles in the United States that could potentially derail ratification in the region’s largest economy.  Continue reading Mexican Senate ratifies USMCA