Category: Trade

By on May 18, 2017

us-capitol

U.S. Commerce Secretary Wilbur Ross want to begin formal talks to renegotiate the North American Free Trade Agreement with Canada and Mexico in a little over three months, adhering to the campaign pledges made by President Donald Trump last year. Ross explained to reporters that “sometime in the next couple of weeks” he will issue a notice to Congress stating the Trump administration intends to start formal NAFTA negotiations in just 90 days.

However, since he expressed his intentions in front of a gaggle of reporters, Congress is probably already aware. But it won’t be “official” until they get a piece of paper signed by the appropriate parties on the applicable letterhead — hopefully, embossed with a fierce-looking eagle surrounded by dollar signs.  Read More >

By on May 12, 2017

robert_lighthizer 2017

I hope you’re fond of domestic automobiles.

The Trump administration is setting the table to make importing cars more difficult with the U.S. Senate confirming Robert Lighthizer in an 82-14 vote as the U.S. trade representative, prepping the country for an assertive trust from the White House’s America First trade strategy. Read More >

By on May 1, 2017

Ford badge emblem logo

Ford Motor Company thinks it has the answers for the impending renegotiation of the North American Free Trade Agreement. Joe Hinrichs, Ford’s president of the Americas, believes the key to an updated NAFTA includes protections against currency manipulation and the standardization of product regulation between the United States, Canada, and Mexico.

Of course, Hinrichs is just one voice of many. Despite his initial threat of NAFTA’s abolishment failing to pan out, President Trump has maintained a hardline stance — stating he will negotiate a better deal for the U.S. (or pull out if he can’t). Meanwhile, Democratic Senator Sherrod Brown has urged for transparency throughout the process while echoing some of Trump’s campaign promises to stick up for American jobs by not showing favoritism or allowing industries to play against each other.

By contrast, Hinrichs’ proposals are specifically focused on streamlining the auto industry and avoiding long-standing complications associated with financial witchcraft.  Read More >

By on March 2, 2017

ktmbull

Much to the chagrin of a couple of generations of small truck enthusiasts on this side of the Atlantic Ocean, the United States got into a bit of a trade tiff with France and Germany over a protectionist tariff the European countries had placed on imports of American chicken in the early 1960s. The result was a 25-percent tariff levied on potato starch, dextrin, brandy, and light trucks imported into the U.S. Brandy was listed to retaliate against the French while the light truck duty targeted commercial versions of the VW Type II.

Due to another trade dispute over a different foodstuff, in this case beef, the Office of the United States Trade Representative (OUSTR) has proposed a 100% tariff on small to medium displacement motorcycles and scooters manufactured in the European Union. Motorcycles and scooters from 50 to 500 cc displacement were tucked in at the end of a long list of beef, pork, and other food products covered under the proposed duties. Read More >

By on February 14, 2017

Donald Trump Sr. at #FITN in Nashua, NH, Image: By Michael Vadon (Donald Trump Sr. at #FITN in Nashua, NH) [CC BY-SA 2.0 (http://creativecommons.org/licenses/by-sa/2.0)], via Wikimedia Commons

Since the inauguration of U.S. president Donald Trump, Canadian political and auto industry officials have taken every opportunity to highlight the economic prosperity and millions of jobs that depend on cross-border trade. And the lobbying seems to have paid off.

At a joint press conference following the first official meeting Monday between Trump and Canadian Prime Minister Justin Trudeau, the U.S. leader praised the economic ties between the two countries.

“We have a very outstanding relationship with Canada. We’ll be tweaking it,” said Trump. “We’ll be doing certain things that are going to benefit both of our countries.”

At the same time, he took a swipe at the trading relationship with Mexico, calling it “unfair to the United States.”

Read More >

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