A possibly unscripted February 13 remark by Donald Trump might indicate he wants to break up NAFTA, not merely renegotiate it.
In fairness, the actual story consists of:
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.
US apparel imports (in square metres) grew 3.4% in December 2016 over December 2015, though falls in the previous six months a 2016 annual fall of 1.1%.
The EU and Mexico announced on February 1 an “accelerated timetable” to upgrade their current free trade deal. Though two more rounds of talks were planned for the first half of 2017, no date has been offered for agreement or for ratifying any ensuing deal.
I think the biggest event of 2016 for our industry was the outright opposition to international trade on which America’s Republican Party campaigned successfully in the Congressional elections.
Taiwan’s Eclat Textile, the country’s largest apparel manufacturer, announced on December 8 it was closing its last Chinese production plant.
Practically every observer thought Hillary Clinton would win the US Presidential election this morning. Most went on to predict her mild hostility to further trade liberalisation meant the short-term prospects for global trade would be looking uncertain by now.
Donald Trump, though, has been consistent and unambiguous about his trade policy.
Despite years of widely denied decline, British garment-making showed serious signs of a revival in the second half of 2015.
Just about every apparel industry commentator on the planet is constantly going on about rising cost prices. But do any of them look at what buyers are paying?
” Santana Textiles will complete construction and begin their spinning operations this summer”, said Edinburg mayor on May 22.
An Argentine sweatshop where two children of Bolivian migrant garment workers were killed in an April 27 fire was itself destroyed in a May 7 fire, apparently caused intentionally to eliminate evidence.
82% of US West Coast dockworkers voted for a new 5-year contract based on a tentative February 2015 agreement with employers,their union announced on May 22. The new contract now runs till July 2019
EU announces review of extending its Customs Union with Turkey – but won’t let Turkey into negotiations on TTIP (which Turkey wants to join). It says it will upgrade its free trade deal with Mexico to match its deal with Canada and TTIP – but Americans and some European politicians stay sniffy about its Trade Commissioners’s views on TTIP.