Reports in the specialist global trade press on March 22 indicated that the US Senate will not accept notice of the start of NAFTA renegotiations until President Trump’s US Trade Representative (USTR) nominee, Robert Lighthizer, has been confirmed.
There’s no doubting the Trump team’s commitment to cutting imports. But it keeps getting tougher to see what how they want to do it.
A March 10 article in the Financial Times, generally reflecting much other comment, claims US officials dealing with trade are engaged in a “civil war” with each other.
On March 10, almost two months after the day Trump promised to leave NAFTA, Commerce Secretary Wilbur Ross revealed it had not yet decided its strategy.
Commerce Secretary Wilbur Ross, in a March 3 interview, offered insights into general trade priorities and his priorities for the NAFTA renegotiation.
The Gallup organisation reported on February 24 that US public support for NAFTA in early 2017 was greater than opposition for only the second time in 20 years
Mexico’s top trade negotiator said in an interview published on February 27 that he would walk away from the table if US negotiators threatened 20% duties on cars.
The speed the sourcing environment’s changing, you’d think this is a good time for a new strategy. You’d be wrong.
A possibly unscripted February 13 remark by Donald Trump might indicate he wants to break up NAFTA, not merely renegotiate it.
A wave of resentment at Donald Trump has led to a range of anti-American actions in Mexico, from boycotting Starbucks and encouraging the use of Mexican ingredients to discouraging cross-border shopping truips to US border towns.