Seeking to improve understanding, communication, and cooperation between Mexico and the United States by promoting original research, encouraging public discussion, and proposing policy options for enhancing the bilateral relationship.
Mexico is not ruling out the possibility of appealing to an international panel over tax incentives proposed by the United States for some U.S.-made electric vehicles, President Andres Manuel Lopez Obrador said on Tuesday.
Mexico has promised to review a range of legal actions in response to a new U.S. tax incentive that Mexican officials say is “discriminatory” and contrary to free trade, including the new United States-Mexico-Canada Agreement (USMCA) trade pact.
MEXICO CITY, Nov 22 (Reuters) – Mexican President Andres Manuel Lopez Obrador said on Monday he proposed a plan last week to boost investment in North America to reduce reliance on foreign imports in his talks with U.S. President Joe Biden and Canada’s Prime Minister Justin Trudeau.
During the summit in Washington, Lopez Obrador said if North America did not move to strengthen its economy, the region risked being left behind by China, and suggested Canada and the United States should make more use of migrant labor.
President Biden hosted Prime Minister Justin Trudeau of Canada and President Andrés Manuel López Obrador of Mexico at the White House on Thursday, a diplomatic mission that saw three leaders trying to project a united front amid trade scuffles, accusations of American protectionism and ongoing concerns over surging migration at the U.S.-Mexico border.
But while they agreed to form a working group on regional supply chain issues, including for critical minerals, and struck an agreement to share vaccines, the leaders seemed intent on relaying diplomatic niceties over tackling thornier questions like trade disputes or the surging numbers of migrants.
JANTETELCO, Mexico (Reuters) – Alberto Burgos is one of thousands of Mexican migrants living in the United States who dug deep and sent extra money to family back home last year to alleviate the devastating impact of the coronavirus pandemic.
Growing plants and helping to handle their sale at a huge nursery in Alabama, the 35-year-old dipped into savings to transfer about a third more to his home town in central Mexico than he did in 2019, he said in an interview.
After years of fiery rhetoric from outgoing President Donald Trump, Mexico is bracing for more discreet but steadfast pressure from Joe Biden’s administration to fulfill its trade obligations to the letter, analysts say.
Mexico and Canada were pressured by Trump to renegotiate the North American Free Trade Agreement (NAFTA), the 1994 pact that the Republican branded “the worst trade deal in the history of the country.”
It’s been a tricky time to be an American neighbor. President Trump announced his candidacy for the White House in 2015 with a crude attack on Mexico, casting migrants from the country as interloping “rapists,” and later vowed to make Mexico pay for a wall on the southern U.S. border. In 2018, Trump wheeled on the country to the north, invoking national security concerns to slap tariffs on certain Canadian exports. He branded Canadian Prime Minister Justin Trudeau as “dishonest” and “very weak,” while bullying his way to a renegotiation of the free trade agreement linking the continent’s economies.
In the final year of his term, Trump arguably has better relations with Mexican President Andrés Manuel López Obrador than with Trudeau. In July, López Obrador came to the White House to celebrate the signing of Trump’s rebranded version of the North American Free Trade Agreement. It was not markedly different from the treaty hashed out more than two decades ago, but it gave Trump another set-piece moment. Trudeau avoided the occasion, but López Obrador made it the first foreign outing of his presidency, no matter the rebukes of critics on both sides of the border.
January 28, 2020
Source: Dallas Morning News
By: Alfredo Corchado
The Woodrow Wilson’s Mexico Institute plans to produce recommendations to fine-tune the U.S.-Mexico relationship.
Former U.S. ambassador to Mexico John Negroponte worked tirelessly to convince his country to pass the North American Free Trade Agreement, leading to the two countries’ biggest economic transformation.
More than two decades later, Geronimo Gutierrez, the Mexican ambassador to the United States, worked behind the scenes to help keep both countries talking, even as President Donald J. Trump’s harsh rhetoric against immigrants offended Mexico and its people on both sides of the border. The experience, the darkest point in the relationship between the two in modern times, Gutierrez said, forced the two countries to enter a phase of “mature” thinking about their relationship.
In this episode of Tax Notes Talk, Tax Notes contributing editor Robert Goulder discusses the decades-old North American Free Trade Agreement, the new U.S.-Mexico-Canada Agreement (USMCA), and what these agreements mean for the future of taxes, tariffs, and trade in North America.
Robert Goulder commented on the differences of the NAFTA and USMCA.
“They look a lot more like conventional legislation than they do a full-on treaty. The Senate Foreign Relations Committee, for example, is not going to have primary domain over this. It’s going to be the Senate Finance Committee. So, it looks like a treaty, and it feels like a treaty. But procedurally, it’s going to resemble just basic legislation.” Read more.
Mexico has leapfrogged China as the top supplier of denim apparel to the U.S., according to new data from the Commerce Department’s Office of Textiles & Apparel (OTEXA), as the impact of the trade war with the U.S. caused major shifts in sourcing even before 10 percent tariffs on Chinese apparel went into effect on Sept. 1.
Imports of the blue denim apparel, 97 percent of which are jeans, from China fell 13.47 percent to a value of $517.78 million in the year to date through August compared to the same period in 2018, OTEXA reported. In the same period, jeans imports from Mexico increased 8.84 percent to $558.86 million.