NAFTA made your car cheaper, USMCA could change that.When the North American Free Trade Agreement began in 1994, auto companies in the US, Canada and Mexico could trade parts and cars without paying tariffs. And they could source parts and labor from the cheapest places. That is a big reason why US car prices have only risen seven percent in 25 years. But the proposed US Mexico Canada Agreement — or USMCA for short — could change that; President Trump’s new deal would increase the regulations that car manufacturers need to meet in order to sell tariff-free cars. We built a Ford Mustang to explain.
On or around April 18, the U.S. International Trade Commission (ITC) is expected to release a report assessing the expected effects on the U.S. economy of the United States-Mexico-Canada Agreement (USMCA). Interpreting the report is going to be… complicated. This report is required under the Bipartisan Trade Priorities and Accountability Act of 2015 (known asRead More »All About That Base(line): How to Interpret the International Trade Commission Report on USMCA
NAFTA partner's exports now dodge 25 per cent tariff, but another U.S. trade threat looms Finance Minister Bill Morneau has quietly reversed a controversial decision to slap a surtax on two types of Mexican steel imports. Effective Feb. 2, up to a new limit, Mexican energy tubular products (such as those used to build pipelines)Read More »Canada quietly moves to resolve steel spat with Mexico
Just like the mysterious influx of pumpkin shipments in October, at the start of every February there is a monumental increase in the purchase of flowers, chocolates and jewelry in the U.S. If you love the thriving beauty, health and vigor of delicate flowers, the delicious gooey center of a s'more by a campfire, orRead More »Importing Flowers, Chocolates And Jewelry Into The U.S.