How to fix NAFTA

09/27/16 Politico

bill_clinton_signing_nafta
Clinton signing NAFTA

This election year has seen the most concerted, dangerous attack on free trade since the passage of the North American Free Trade Agreement in 1993. From both the right and the left, leading presidential candidates have savaged NAFTA and the Trans-Pacific Partnership, a 12-country pact among Pacific nations currently awaiting a vote in Congress. No matter what happens in November, these underlying political sensitivities are not going away.

Critics of NAFTA and the TPP are wrong to suggest that free trade is harmful for America. On the contrary, a full retreat into autarky has almost always hurt the U.S. economy.

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Mexican Peso Surges From Record Low During U.S. Debate

09/26/16 Bloomberg

mexican pesosThe Mexican peso, which tumbled to a record low ahead of the U.S. presidential debate, rallied as the event got underway in Hempstead, New York, surging as much as 1.1 percent.

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In Mexico, they were hoping Clinton would do better

09/26/16 Los Angeles Times

Trump has attracted widespread hostility in Mexico for his threats to deport immigrants who are in the U.S. illegally, and to build a wall along the U.S.-Mexico border. In the wake of Monday night’s presidential debate, some analysts here were disappointed that Clinton did not do better.

“Clinton wins the debate; the key question is if this first debate stops the momentum of Trump,” Arturo Sarukan, a former Mexican ambassador in Washington, said on Twitter.  “Not yet I think.”

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Understanding U.S.-Mexico Economic Ties

09/26/16 Forbes

us mex flagThe impact of trade and globalization on the average American has become a core issue in this year’s elections. We have heard measured, well-founded and serious critiques on the handling of issues like currency manipulation and preparing our workforce for participation in the global economy, but the conversation has also drawn many passionate and visceral responses, highlighting the intensity with which citizens feel the impact of economic change.

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What Can Mexico Do About Trump?

09/27/16 The New York Times 

Border - MexicoWhen Ildefonso Guajardo Villarreal, the Mexican secretary of the economy, came to talk to me last week about trade and the American elections, I didn’t expect him to drag up the old spat between Mexico and the United States over trucks.

Back when it signed on to the North American Free Trade Agreement more than 20 years ago, the United States committed that in the year 2000 it would lift restrictions that kept Mexican trucks from hauling cargo inside the United States, forcing them instead to dump their loads at the border. But when the time came, under pressure from the Teamsters and the union’s allies in Congress, Washington backed out.

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The Future of the U.S. Economy Lies in Mexico

09/26/16 Bloomberg View

us mex flagThe muscle behind the U.S. economic expansion is the same as the recovery’s weakness, and it lies in one word: Mexico.

Since the low in December 2009, employment in the U.S. has increased by 13.6 million workers. Forty-three percent of that growth, or 5.9 million workers, came from Hispanics — some born in the U.S., others immigrants. Mexico is by far the largest country of origin for Hispanic immigrants to the U.S. Net migration from Latin America since the recession has been minimal (more Mexicans have left than arrived), so this can best be thought of as a “demographic dividend” from Hispanic immigration in the 1980s, 1990s and 2000s.

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Mexico’s other border

09/23/16 Financial Times

fence at borderThe UN estimates 400,000 Central Americans cross illegally into Mexico each year and as many as half of those are fleeing violence. As pressure builds for measures to stem the flow of migrants, the FT’s Jude Webber tells one woman’s story. Visit FT.com for more on the story.

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