This was pre-Trump: Why USMCA couldn’t have saved GM jobs in Oshawa

Jessy Bains, Yahoo Finance Canada Nov. 29, 2018 Canada is on the cusp of signing the United States-Mexico-Canada Agreement (USMCA) at this week’s G20 summit in Buenos Aires, but even the revamped trade deal wouldn’t have saved the General Motors (GM) plant in Oshawa, Ont. Under USMCA, 75 per cent of a vehicle will have […]

New Mexican trade secretary fears USMCA could face opposition in next U.S. Congress

STEPHANIE NOLEN, LATIN AMERICA CORRESPONDENT ERIC ATKINS ADRIAN MORROW, U.S. CORRESPONDENT MEXICO CITY, TORONTO, WASHINGTON Globe and Mail, OCTOBER 29, 2018 Mexico’s incoming trade chief says the new trilateral trade pact with the United States and Canada is far from a done deal, and that she is concerned it will not be passed in the […]

Auto industry relieved by NAFTA 2.0, but results may be mixed

Regional content rules make supply chains less efficient, hiking prices and threatening sales Janyce McGregor CBC News Sighs of relief rippled across the North American car industry on Monday. There would be no “Carmageddon” caused by auto tariffs torpedoing cross-border trade, now that NAFTA 2.0 had found a safe landing zone. U.S. President Donald Trump had […]

From NAFTA to USMCA: Inside the tense negotiations that saved North American trade

ADRIAN MORROW, U.S. CORRESPONDENT BARRIE MCKENNA STEPHANIE NOLEN, LATIN AMERICA CORRESPONDENT WASHINGTON, OTTAWA AND MEXICO CITY October 5, 2018 – Globe and Mail On the morning of Sunday, Sept. 30, the e-mail came from U.S. Trade Representative Robert Lighthizer with his latest position on NAFTA. Gathered in the office of Katie Telford, Prime Minister Justin […]

USMCA could increase cost of vehicles, says Scotiabank report

Alicja Siekierska, Yahoo Finance Canada October 2, 2018 While the United States-Mexico-Canada Agreement (USMCA) has brought some stability and certainty back to the North America auto industry, one report says administrative and higher wage requirements introduced in the deal could potentially raise the price of vehicles in North America. The Scotiabank Economics report, which analyzed […]

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 […]

‘A sigh of relief,’ threatened auto tariffs not imposed in new NAFTA

However, NDP MP Tracey Ramsey says steel and aluminum tariffs still pose a threat to the auto sector Flora Pan, CBC News Oct 01, 2018 There are no auto tariffs placed on Canadian vehicles as outlined in the new free trade agreement, after negotiations concluded late Sunday night. President Donald Trump threatened to impose those […]