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trade

Veronica G. Cardenas for Texas Public Radio

A former U.S. ambassador to Mexico warned that the recent drama over tariffs on Mexican products may not be over. He's worried it may resume in three months.

President Donald Trump's threat to impose tariffs on Mexico was designed to pressure America’s top trading partner into taking action to prevent Central American immigrants from reaching the southern U.S. border.

The tariffs were scheduled to take effect on Monday, June 10. But on the previous Friday, Trump tweeted that Mexican officials “agreed to take strong measures to stem the tide of migration.”

President Trump has threatened to impose tariffs on goods imported from Mexico, starting next week, if Mexico doesn't take action to reduce the flood of Central American migrants across the Southern border of the U.S.

The proposed tariffs — which would start at 5% on goods crossing the border and could ramp up to 25% over time — would play havoc with supply chains in the auto industry.

To understand why, consider a vehicle's wiring harness — the car's nervous system, consisting of a complex network of wires that connect electronic components throughout the car body.

Companies with supply chains straddling the U.S. Southern border find themselves in the crosshairs of a new threat after President Trump pledged to raise tariffs on imports from Mexico.

Just last week, business leaders thought that trade disputes with Mexico and Canada were nearly resolved after the Trump administration sought congressional approval of the U.S.-Mexico-Canada Agreement.

From Texas Standard:

Volatility is high on Wall Street right now, and it’s affecting everyone, not just those with a stock portfolio.

Angelos Angelou of Angelou Economics says so many are affected, in part, because 40 percent of the U.S. workforce has individual retirement accounts with investments in the stock market. Angelou says many factors have contributed to the volatility, especially the trade war with China.

From Texas Standard:

As the clock approached midnight  Sunday, word began to spread that Canada was ready to sign on the dotted line of the new trade agreement with the U.S. and Mexico. Formerly known as the North American Free Trade Agreement, or NAFTA, the retooled trilateral deal is called the United States-Mexico-Canada Agreement, or USMCA. But the new name is only a small part of the changes.

From Texas Standard.

In the middle of all of the hype surrounding South By Southwest, the European ambassador to the U.S. has landed in the Texas capitol city.

Ambassador David O’ Sullivan is representing the EU at SXSW’s Cities Summit.

Carson Frame / TPR News

More than two decades ago, the North American Free Trade Agreement (NAFTA) was signed at the German-English School on South Alamo Street in San Antonio. On Friday, U.S. Representatives William Hurd  and Henry Cuellar held a meeting at the Pearl Stable, where they shared their hopes for modernizing the agreement. 

From Texas Standard:

President Donald Trump’s support of imposing a 20 percent tariff on all Mexican imports to the U.S. has some Texans running to the supermarket to stock up on Topo Chico and avocados. The proposal suggested on Thursday is designed by the Trump administration as leverage to get our southern neighbor to pay for a wall extending across the southern border.

Billie Greenwood/Flickr (CC BY 2.0)

 

 

Listen to the broadcast story here:

A new pickup truck comes off the line nearly once a minute at Toyota’s San Antonio factory.

The Japanese automaker set up in Texas more than a decade ago to be closer to truck-buyers—and to take advantage of cross-border trade.

“The fact that it’s close to the NAFTA corridor,” says Toyota Motor Manufacturing Texas spokesman Mario Lozoya “ I’m not saying that’s the only reason why it’s here, but it’s a factor.”

From Texas Standard:

The biggest trade agreement in history has been out of the headlines the past week as the international community has been focused on terrorist events. But the Trans-Pacific Partnership shouldn't be ignored. The deal establishes trade relations between the United States and eight other countries. Several Asian countries are part of the deal, but China isn't.


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