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Posts Tagged ‘NAFTA renegotiation’

NAFTA Talks Trigger Big Lobbying Effort by Auto Companies

Group hoping to affect policy change.

by on Oct.25, 2017

A newly formed coalition of automotive companies, Driving American Jobs, is attempting to convince President Donald Trump to leave NAFTA as it is.

While President Donald Trump tries to line up support for tax reform among a restless U.S. Senate, a confrontation looms with a large swath of the business community, starting with the auto industry, about his efforts to reform the North American Free Trade Agreement.

“Cross-border trade supports over 46,000 U.S. trucking jobs, including 31,000 U.S. truck drivers, and generates $6.5 billion in revenue for our industry annually,” noted Bob Costello, chief economist for the American Trucking Association.. “As the U.S. renegotiates this agreement with Canada and Mexico, we urge them to keep the tremendous benefits to our economy and our industry in mind,” he said.

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Costello’s remarks echo the positions of other industries from agriculture to railroads and autos, which has been campaigning, publicly and privately, against the an overhaul of NAFTA. The auto industry has argued since the Trump administration took office back in January that sweeping changes to NAFTA or abandoning it altogether would jeopardize an integrated supply chain that has developed during the past quarter century. (more…)

NAFTA Renegotiations Bound to Fail, Warns Trump

Automakers push back against plan that could sharply raise car prices.

by on Aug.23, 2017

Pres. Trump is now warning he may abandon NAFTA entirely if renegotiation efforts fail.

Barely a week after U.S., Canadian and Mexican trade representatives set out to renegotiate the North American Free Trade Agreement, President Donald Trump warned an audience in Phoenix Tuesday night that the effort is bound to fail.

That wouldn’t necessarily come as a disappointment to the auto industry, however. Automakers, including Detroit’s Big Three, have warned that the demands laid out by the Trump Administration could lead to sharp increases in the cost of new vehicles – even those assembled in the U.S. In turn, that could actually backfire on the president, worsening the current downturn in vehicle sales, costing U.S. jobs.

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Trump reiterated his long-held stand during his Phoenix speech, alleging that bad trade deals had cost the U.S. thousands of jobs. He described NAFTA as the “worst.” And the president also said he was prepared to discard the 23-year-old trade agreement if negotiators don’t work out changes that Trump believes could bring jobs back to the U.S.

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No Change to NAFTA Rule of Origin, Mexico Auto Exec Says

Trump readying for trade deal negotiations.

by on May.23, 2017

The Big Three automakers would like NAFTA to remain status quo; however, the Trump Administration is renegotiating the deal this summer.

Trump Administration officials recently began the official process to open talks about renegotiating the North American Free Trade Agreement and they’re going to find the auto industries officially agree on at least one point.

The auto industries in the U.S., Mexico and Canada all believe there shouldn’t be any changes to the rules of origin, Eduardo Solis, president of the Mexican automakers industry group AMIA, told Reuters.

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“Our position is that the trade agreement has been a success, and we shouldn’t be touching something as important as the rules of origin,” Solis told Reuters. (more…)

Trump Administration Begins Process of Renegotiating NAFTA

Talks will begin in August.

by on May.19, 2017

The Big Three automakers would like NAFTA to remain status quo; however, the Trump Administration is renegotiating the deal this summer.

The Trump Administration has begun the formal process required to open the renegotiation of the North American Free Trade Agreement this coming summer.

President Trump notified Congress this week of his intent to renegotiate the North American Free Trade Agreement. The talks with Canada and Mexico will begin “no earlier than August 16, 2017,” U.S. Trade Representative Robert Lighthizer said in a letter to Congress.

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During the 90-day countdown, USTR will consult with “Congress and American stakeholders to create an agreement that advances the interests of America’s workers, farmers, ranchers and businesses,” he said. (more…)