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Posts Tagged ‘NAFTA’

Talks to Renegotiate NAFTA Likely to Start in May

Officials expect long, arduous process that may take years.

by on Feb.02, 2017

President-elect Donald Trump's opposition to NAFTA could have unexpected consequences.

Key officials in the government of Mexico say they expect to kick off formal talks on changes to the North American Free Trade Agreement, or NAFTA, beginning in May, following a 90-day consultation with the private sector companies from both sides of the U.S. Mexican border.

The NAFTA talks, however, could have already been scrambled by the release of transcript in which President Donald Trump apparently warned Mexican President Enrique Pena Nieto that he was prepared to use U.S. military forces to find “bad hombres” in Mexico.

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President Trump threatened in a phone call with his Mexican counterpart to send U.S. troops to stop “bad hombres down there” unless the Mexican military does more to control them, according to an excerpt of a transcript of the conversation obtained by the Associated Press. (more…)

Ford CEO Warns of “Huge Impact” to Economy from Trump Trade Plans

Fields says Ford won’t back off of Mexican manufacturing.

by on Nov.15, 2016

Ford CEO Mark Fields during the keynote address for the L.A. Auto Show warned that a hefty tariff on Mexican-built cars could harm the U.S. economy.

Ford Motor CEO Mark Fields warned that President-elect Donald Trump’s proposed trade plans – which include a 35% tariff on motor vehicles imported from Mexico – would have a “huge impact” on the entire American economy, not just the auto industry.

Though Fields said Ford has “had conversations with the transition team” for the incoming president, his comments, made during a keynote speech marking the opening of the 2016 Los Angeles Auto Show, could escalate a sometimes sharp dispute that began early during the election campaign. It was touched off by Ford’s announcement it would shift small car production from U.S. plants to a new factory in Mexico.

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“We’ve got to keep (factories) here. It’s not that hard to do,” then-candidate Trump said during one campaign interview, adding that if Ford and other makers continued to expand in Mexico, “pretty soon all we’re going to have is nursing home jobs.” (more…)