Detroit Bureau on Twitter

Posts Tagged ‘Trump NAFTA plans’

Trump Backs Off Assault on NAFTA

Under pressure from auto industry, Trump no longer plans to kill trade agreement.

by on Apr.27, 2017

President Donald Trump is discovering that getting a new version of NAFTA negotiated will be more difficult than simply signing an executive order.

Despite tangling with both Canada and Mexico in recent weeks, President Donald Trump appears to again be shifting direction over the North American Free Trade Agreement, the White House late Wednesday indicating it will no longer seek to eliminate NAFTA but rather find ways to make it more favorable to the U.S.

That shift may not play well with Trump loyalists who have roundly opposed free trade agreements and, in particular, sought a wall and tariffs to seal off Mexico. But it is receiving a warmer welcome in the business world, especially the auto industry, where North American borders have become completely porous in recent decades, raising the specter of major problems for manufacturers who routinely move parts and vehicles back-and-forth between the U.S., Mexico and Canada.

News Now!

“As the biggest export sector, U.S. auto companies need trade policies that open markets, while ensuring a level playing field in the markets to which we export. The integrated North American market is important to our global competitiveness,” American Automotive Policy Council said in a statement. (more…)

Toyota Breaks Ground on New Plant in Mexico

Ground-breaking comes amidst political uncertainty about U.S. trade policy.

by on Nov.15, 2016

Toyota executives and government officials celebrate the groundbreaking for the automaker's new plant.

Toyota Motor has broken ground for a new $1 billion factory in Mexico even as President-elect Donald Trump threatens to scuttle the North American Free Trade Agreement.

Toyota Motor Manufacturing de Guanajuato is the company’s 15th manufacturing plant in North America. The plant in Apaseo el Grande is the latest in a long line of new factories car makers have built or are planning to build in Mexico where the annual production is expected to reach 5 million units annually before the end of the decade.

News Now!

Global rankings of automotive producers continue to evolve yearly, but building 5 million vehicles annually would push Mexico ahead of South Korea and behind Germany among the world’s automotive powerhouses. (more…)