Mexico says it is close to U.S. metals tariff deal, waiting for Canada

5/15/2019 – Reuters

photo-1519213887655-a4f199e3015bBy David Lawder and Alexandra Alper

Mexico is close to resolving its dispute with the United States over steel and aluminum tariffs without quotas but hopes Canada can reach a similar agreement before completing it, a senior Mexican official said on Wednesday. Jesus Seade, Mexican deputy foreign minister for North America, told Reuters by telephone that a deal to remove the so-called Section 232 tariffs was “very close” but he wanted Canada to be in the same position in its negotiations with Washington.

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Pro-Trump Group Plans Tour to Build Support for NAFTA Rewrite

5/9/219 – Bloomberg

800px-President_Trump_Participates_in_the_USMCA_Signing_Ceremony_(32244728588).jpg
Wikimedia Commons

By Jennifer Jacobs

A nonprofit group supporting Donald Trump plans to organize a tour of key electoral battleground states to try to build public support for the president’s re-write of the North America Free Trade Agreement.

The tour will begin in Jacksonville, Florida, on May 20 with an event featuring Vice President Mike Pence, said Brian Walsh, president of America First Policies, a nonprofit linked to a super-PAC that backs Trump. Such nonprofits aren’t required to disclose their donors and are sometimes described as “dark-money” groups.

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Mexico says tariffs will send tomato prices soaring in US

5/8/2019 – The New York Times

MEXICO CITY — Mexico’s Economy Department said Tuesday that U.S. consumers could pay 38% to 70% more for tomatoes after the U.S. Commerce Department announced it would re-impose anti-dumping duties on Mexican imports.

The Mexican agency said the country exports about $2 billion in tomatoes to the United States and supplies about half the tomatoes the U.S. consumes annually.

It said that many small- and medium-sized Mexican tomato exporters won’t be able to pay the deposits required to export. Tomatoes are Mexico’s largest agricultural export after beer and avocadoes, and tomato growing and harvesting provides about 400,000 jobs in Mexico.

But the deposits required to comply with the 17.5% U.S. tariff would amount to about $350 million, money that many Mexican producers don’t have.

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Mexico ‘quite positive’ on USMCA ratification, Herrera says

5/7/2019 – Bloomberg

 

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Mexico says tariffs will send tomato prices soaring in US

5/4/2019 – Associated Press

tomatoMexico’s Economy Department says U.S. consumers could pay 38% to 70% more for tomatoes after the U.S. Commerce Department announced it would re-impose anti-dumping duties on Mexican imports.

The Mexican agency says the country exports about $2 billion in tomatoes to the United States and supplies about half the tomatoes the U.S. consumes annually.

It said Tuesday that many small- and medium-sized Mexican tomato exporters won’t be able to pay the deposits required to export.

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The benefits of free trade with Mexico are very real for the energy industry

5/6/2019 – Forbes

By Michael Lynch

oil
Wikicommons

Over the last 25 years, trade with Canada and Mexico has quadrupled, almost reaching $1.3 trillion and supporting 14 million American jobs through our trading partners.The U.S. energy benefits provided through this agreement makes even more vital that we continue this trade partnership through the U.S.-Mexico-Canada-Agreement (USMCA).

Recently the International Trade Commission’s review of the new USMCA finds that the agreement will improve the U.S. economy broadly, raising GDP by $68 billion and employment by 176,000 jobs. This will not surprise either economists or historians, who have long noted the benefits of trade. But a closer look at the impact of North American trade for America’s energy sector is also instructive. The economic benefits of North American trade for energy underscore the critical importance of passing this agreement and why withdrawing from the North American Free Trade Agreement (NAFTA) would be perilous.

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U.S. auto parts group MEMA urges passage of North American trade deal

5/3/2019 – Reuters

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REUTERS/Edgard Garrido

WASHINGTON (Reuters) – The Motor and Equipment Manufacturers Association, a major U.S. auto parts industry group, threw its weight behind U.S. President Donald Trump’s rewrite of the North American Free Trade Agreement (NAFTA) on Thursday, urging Congress to approve the new U.S.-Mexico-Canada Agreement (USMCA) “without delay.”

MEMA, whose members employ about 871,000 workers – the most of any U.S. manufacturing sector – had previously not endorsed USMCA, a deal reached last year that significantly increases U.S. and North American value content for vehicles produced in the trade zone.

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