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.
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.
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.
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?
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.
Mexico’s new restrictions on apparel and textile imports, summarised here in mid-January, began coming into effect from February 1.
The Mexican government launched an aid package for the country’s textile industry on December 3.
Mexicans claim to bust duty scam. A trivial one, if trade lobbyists’ traditional fraud claims are reliable
Mexican authorities claimed on October 23 to have “dismantled a tax-evasion ring” involving an estimated 500 million pesos ($37.5 mn) in unpaid tariffs and import fees.
Parkdale Mills announced on September 26 it had acquired from International Textile Group (ITG) its 50% of the Summit Yarns mill, in Mexico’s Morales state, and would begin an expansion programme there.
Fabricato will close its Fibratolima plant in Ibague by the end of October and relocate production to Antioquia, where it is headquartered. This follows closing operations in Venezuela, Peru, Mexico, and Ecuador in May.
From July 1. Thus meeting repayment targets 6 months earlier than originally envisaged
…by explaining how maquilas can get refunds