Trump says USMCA trade deal with Mexico and Canada proves tough talk and tariffs work

Damian Paletta, Erica Werner October 1, 2018 – Washington Post President Trump said Monday his successful use of economic threats and other hardball tactics to pressure Canada and Mexico into major trade concessions would serve as a model for future negotiations,putting other world leaders on notice. In a news conference, Trump said he would try […]

Trump, Trudeau praise USMCA trade deal they say will ‘grow middle class’

Leaders speak on telephone after trilateral trade agreement tentatively signed Kathleen Harris, CBC News Oct 01, 2018 Prime Minister Justin Trudeau and U.S. President Donald Trump are both talking up the benefits of a new trilateral trade pact between Canada, the U.S. and Mexico, saying it will grow the middle class and boost all three […]

Shares of Canadian auto parts suppliers surge after trade deal removes tariff threat

Martinrea International jumped 13 per cent, the most since 2014, Magna gained 5.1 per cent and Linamar rose 9 per cent Canada’s eleventh-hour inclusion in a new North America free-trade deal removes a major overhang for auto suppliers but doesn’t fix many of the competitive issues that have restricted investment in the Canadian auto industry. […]

New Trade Pact Spares U.S. Auto Makers From Tariffs but Adds Restrictions

The U.S.-Mexico-Canada Agreement eases uncertainty about the Trump administration’s trade policies, helping auto makers move forward with factory investments Chester Dawson and Adrienne Roberts The Wall Street Journal DETROIT—The new trade agreement struck Sunday night between the U.S. and Canada eases uncertainty in the U.S. auto industry about the Trump administration’s trade policy, helping car […]

United States-Mexico-Canada Trade Agreement

Dear Members, Canada, its largest trading partner, the United States and Mexico have agreed to the USMCA (United States-Mexico-Canada) Trade Agreement to replace the existing NAFTA.This is the first trade deal between major auto producing nations since the original NAFTA that sees the Regional Value Content (RVC) for automotive production go up in the region. […]

Trump Clears Deck for China Trade War With New Nafta Deal

Rich Miller, Andrew Mayeda , Jenny Leonard President Donald Trump looks to be preparing for a potentially protracted economic war with China by clearing the decks of disputes with America’s other trading competitors. In just the last few weeks, he’s struck a last-minute deal with Canada and Mexico, signed a trade agreement with South Korea […]

Windsor to profit from new North American trade agreement

There was excitement from both industry officials and labour Monday about what the new United States-Mexico-Canada Agreement will mean to the Canadian auto industry and automotive towns like Windsor. DAVE WADDELL, WINDSOR STAR October 1, 2018 “It means companies better be ready to invest in people and equipment to meet the demand,” said Flavio Volpe, […]