Tuesday, October 2, 2018 | Tag Cloud
, White House
, Worthy News
(Worthy News) - The revised trade agreement between Canada, Mexico and the U.S. should buoy automotive manufacturing in North America and give the Trump administration heightened leverage in its trade negotiations with China.
For U.S. carmakers, the deal concludes months of anxiety over President Trump's promise to renegotiate the North American Free Trade Agreement. The manufacturers had taken advantage of the treaty from the early 1990s to build more cost-effective supply chains that criss-crossed the three member countries, so the White House talks outweighed even concerns over tariffs on steel, aluminum imports and $250 billion in Chinese products.
While analysts predict the pact unveiled late Sunday night will increase production costs, ultimately forcing car buyers to pay more, it should also spur new investment in the three countries from both domestic and international automakers. [ Source: Washington Examiner (Read More...) ]
Copyright 1999-2019 Worthy News. All rights reserved.
Fair Use Notice:This site contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available in our efforts to advance understanding of environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission from the copyright owner.