Everyone hates NAFTA. But what was NAFTA actually supposed to do? Did it deliver on its promise? To understand that, you have to look at America’s relationships with two goods: avocados and shoes.
Mexico
NAFTA is Critical to the Success of U.S. Textiles
NAFTA is responsible for the integration of textiles production in North America. This has been a major boom for Canada, Mexico, and the United States, and a new study by the Congressional Research Service shows that the U.S. has especially benefited from a consolidated North American textiles market. The United States currently enjoys a bilateral […]
Can US, Mexico and Canada Find Common Ground on NAFTA?
The fifth round of North American Free Trade Agreement talks starts Wednesday in Mexico City, two days earlier than initially scheduled. It’s the first meeting on Manufacturing in Mexico since U.S., Mexican and Canadian negotiators extended talks to March and added more time between sessions, abandoning Trump’s previous deadline. U.S. Trade Representative Robert Lighthizer capped the […]
The 3 Countries Stealing China’s Business
As China transforms from an emerging market to an economic leader, the era of outsourcing to this nation is coming to an end. “Made in China.” It’s a slogan emblematic of many things — of cheap labor, of the loss of U.S. manufacturing jobs to lower-wage nations, of China’s rapid ascent to the ranks of […]
How much would products cost if they were made in the US? – Business Insider
In his first address since his victory speech — a two-and-a-half minute YouTube video posted November 21 — President-elect Donald Trump dove right into the issue of trade. On his first day in office, Trump said, he plans to “issue a notification of intent to withdraw from the Trans-Pacific Partnership, a disaster for our country.” Free […]