Trade Updates

U.S. Intends to Enter Into Trade Talks Next Year With Japan, EU, UK

Posted October 19, 2018

Under International Trade Issues

The Trump administration this week announced launch of a fast-track process for separate trade deals to expand business with three markets whose combined trade in goods and services with the United States tops $1.5 trillion. The ambitious trade agenda reflects the White House’s stated desire to grow trade and investment through a bilateral rather than multilateral approach as it aims to resolve “unfair” trading practices and shift focus to opening markets for U.S. exports.  Continue Reading

Saved by the Bell: U.S. Canada Reach Last-Minute NAFTA Deal

Posted October 01, 2018

Under Canadian Customs Issues, Trade Compliance News, U.S. Customs Issues

After more than year of intensive and often fractious negotiations, the United States, Canada and Mexico reached a tentative deal to substantially overhaul NAFTA that a joint statement from the two governments claimed “will give our workers, farmers, ranchers, and businesses a high-standard trade agreement that will result in freer markets, fairer trade and robust economic growth in our region.”  Continue Reading

Trump Administration’s Auto Claims Based on Flawed Data, New Study Finds

Posted December 21, 2017

Under International Trade Issues, Trade Compliance News

One of the most contentious demands made so far by the Trump administration in the renegotiation of NAFTA concerning the deal’s automotive rules of origin is “an ill-conceived solution in search of a problem,” according to Scotiabank economists in a new paper, which finds U.S. assertions that Canada and Mexico are providing a “back door” for lower-cost auto parts from China and elsewhere in Asia to be at odds with the available evidence.  Continue Reading

Trump Administration Updates NAFTA Negotiating Objectives

Posted November 20, 2017

Under International Trade Issues

As required by the Trade Promotion Authority legislation, the Trump administration last week published an updated list of its negotiating objectives for a modernized NAFTA, but the revamped goals show few signs of any desire to tone down a series of contentious proposals that have roiled the talks and called into question the trade pact’s future.  Continue Reading

North American Auto Industry Needs NAFTA: Scotiabank Report

Posted April 17, 2017

Under International Trade Issues, Logistics & Supply Chain Management, Trade Compliance News

A report published today by Scotiabank forecasts that global automotive sales volumes are on track to climb to record highs for the eighth consecutive year, but notes that the Trump administration’s push to renegotiate NAFTA has created significant uncertainty and warns that any “interference” in the sector’s integrated supply chain could put some of the nearly 2 million positions at North American plants at risk.  Continue Reading