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USMCA: Trump wants to renegotiate his own trade deal
  + stars: | 2024-10-14 | by ( Katie Lobosco | ) edition.cnn.com   time to read: +2 min
Washington CNN —Former President Donald Trump is once again pledging to save American manufacturing and bring back jobs by rewriting a trade agreement with Mexico and Canada. But this time, instead of replacing the North American Free Trade Agreement, known as NAFTA, which he has often described as the “worst trade deal ever made,” he wants to renegotiate his own trade deal. When asked by Fox News’ Maria Bartiromo in an interview that aired Sunday about his plan to renegotiate the USMCA, Trump said it would not undermine the deal he put together. Harris also wants to review the USMCAVice President Kamala Harris has also said she would use the USMCA review process. The trade deal created sweeping new benefits for the technology sector, in a chapter on digital trade that wasn’t part of the original NAFTA.
Persons: Donald Trump, , Trump, ” Trump, Maria Bartiromo, , Harris, Kamala Harris, USMCA Organizations: Washington CNN, North American Free Trade, , Detroit Economic Club, Fox News, Democratic, NAFTA Locations: Mexico, Canada, USMCA, North America
Why Trump’s trade hero turned against tariffs
  + stars: | 2024-09-14 | by ( Zachary B. Wolf | ) edition.cnn.com   time to read: +15 min
Vice President Kamala Harris has lambasted Trump’s tariff plan as a tax, but President Joe Biden has maintained tariffs Trump put in place during his presidency. We used trade policy, or tariffs, as a form of reciprocity, where we said, OK, our tariffs are pretty high. So that’s what led to all these trade agreements, the General Agreement on Tariffs and Trade, GATT, which became the WTO (World Trade Organization), NAFTA (North American Free Trade Agreement) and other free trade agreements that we’ve reached. He began to entertain this idea of reciprocity, of trying to reduce foreign tariffs by offering cuts in our tariffs. How do those tariffs compare with the late 19th century tariffs?
Persons: CNN —, Donald Trump, Kamala Harris, Joe Biden, Biden, Read, Douglas Irwin, Irwin, William McKinley —, Trump, IRWIN, there’s, It’s, we’ve, William McKinley WOLF, William McKinley, McKinley, they’ve, Bush, H.C ., William Jennings Bryan, that’s, they’re, it’s, Britain WOLF Organizations: CNN, Republicans, Democrats, Trump, Dartmouth College, Commerce, US Trade, Trade, WTO, World Trade Organization, American Free Trade, of Congress, University, Virginia’s, Federal, WOLF, Peterson Institute for International, Republican Party Locations: China, Ohio, Pennsylvania, Homestead , Pennsylvania, H.C, Buffalo, trillions, United States, it’s China, Britain, Japan
Last year, China was the leading car supplier to Mexico, exporting $4.6 billion worth of vehicles to the country, according to the Mexican Ministry of Economy. "The Chinese automakers came to the country very aggressively," said Juan Carlos Baker, former Mexican deputy minister for international trade. That free trade access is part of the United States-Mexico-Canada Agreement (USMCA), a revised iteration of the North American Free Trade Agreement (NAFTA) that removed tariffs on many goods traded between the North American countries starting in 2018. "We've seen China do this in other types of manufacturing as well, from appliances to auto parts to steel," said Paul. Watch the video to learn more about how Mexico has become a hot spot for Chinese auto companies and how the next administration may impact EV trade policies.
Persons: BYD, Juan Carlos Baker, Scott Paul, We've, Paul, Michael Dunne, Dunne, Joe Biden, it's Organizations: Mexican Ministry of, Nuevo, Alliance for American Manufacturing, North American Free Trade, North Locations: U.S, Mexico, Washington, China, North America, Mexican, Durango, Jalisco, Nuevo Leon, United States, Canada, America
In a 2019 presidential debate, Kamala Harris insisted, “I am not a protectionist Democrat.”But Ms. Harris is not a free-trade Democrat, either. And in 2020, she was one of only 10 senators to vote against the deal to replace NAFTA, the United States-Mexico-Canada Agreement. As she pursues the presidential nomination, Ms. Harris’s views on trade and economic issues are likely to become a focal point. Yet unlike former President Donald J. Trump and his running mate, JD Vance, trade has never been a major focus for Ms. Harris. As a result, her positions on trade issues are not entirely known.
Persons: Kamala Harris, , Harris, Biden, Obama, Donald J, Trump, JD Vance, William A, Harris “, Reinsch, “ there’s, Organizations: North American Free Trade, Senate, Pacific Partnership, Business, Center for Strategic, International Studies Locations: United States, Mexico, Canada
It’s just a decisive move toward America First on foreign policy.”Trump’s selection of Vance is one of the clearest barometers of the former president’s tightening hold over the GOP. Those included Christian conservatives, the business community, congressional insiders and traditional Republican foreign policy hawks shaped by Ronald Reagan’s vision of the US as the muscular leader of the free world. Instead, with Vance, Trump chose an acolyte and potential successor who could deepen and extend the direction the former president has set for the party. Vance has been most unequivocal in criticizing the internationalist approach to foreign policy centered on robust alliances. With the selection of Vance, Trump has broadcast his belief that he has conclusively won the internal GOP debate over all aspects of US interactions with the world – foreign policy, immigration and trade.
Persons: Ohio Sen, JD, Donald Trump’s, Republican Party’s reorientation, Vance, Trump, Trump’s, , Bill Kristol, , It’s, Mike Pence, Ronald Reagan’s, Geoffrey Kabaservice, Dwight Eisenhower, Sen, Robert Taft, Taft, Richard Nixon, Ronald Reagan, George W, Bush, John McCain, Mitt Romney –, Patrick J, Buchanan’s, George H.W, George H.W . Bush, John Bolton, Bolton, James Mattis, Mark Esper, State Rex Tillerson, Mike Pompeo, Ivo Daalder, Barack Obama, Richard Fontaine, Republican Sen, Fontaine, “ Vance, Matthias Matthijs, Vance’s, Ohio Republican unreservedly, Donald Trump, ” Vance, Steve Bannon, Joe Biden, Adam Kinzinger, He’s, he’s, Biden, ” Trump, Vladimir Putin, Volodymyr Zelensky, ” Daalder, ” Matthijs, Putin, Aaron Friedberg, Gabriel Schoenfeld, Nikki Haley, Reagan, Haley Organizations: CNN, Ohio, Republican, GOP, Trump, America, New, Niskanen Center, Republican Party, American Free Trade, NATO, , H.R, McMaster, Defense, State, Chicago Council, Global Affairs, Center, New American Security, Johns Hopkins ’ School, International, Senate, Ohio Republican, NAFTA, Fox News, Air Force, National Guard, Businessweek, Taiwan, Biden, Chicago, South Carolina Gov, Ukraine Locations: New York, mollifying, Europe, Soviet Union, China, Canada, George H.W ., Asia, Ukraine, New American, Russian, Johns, America, Pennsylvania, Michigan, Israel, Taiwan, Vietnam, Afghanistan, Iraq, Milwaukee, Moscow, , Wisconsin, Mexico ”, Kabul, Kyiv, Trump
Takeaways from the RNC’s third night
  + stars: | 2024-07-18 | by ( Eric Bradner | Daniel Strauss | Gregory Krieg | ) edition.cnn.com   time to read: +14 min
Vance’s Republican National Convention speech capped a night Republicans spent prosecuting what they see as President Joe Biden’s biggest foreign policy failures and their consequences. Republicans used Wednesday night to introduce Vance and his life story to the nation. You owe President Trump answers!” Tennessee Sen. Marsha Blackburn shouted at Cheatle, who continued to walk with her head down and ignore the senators’ criticism. Energy security and energy policy are in the governor’s comfort zone and that was on full display Wednesday night. When Trump finally did call Burgum, the former president told Burgum he would not be his running mate.
Persons: Donald Trump’s, Ohio Sen, JD Vance, Republican Party —, Joe Biden’s, , William Pekrul, Trump, Kai Trump, Vance, , Biden Vance, Trump’s MAGA, ” Vance, Usha, , Sen, Biden, Vance’s, Usha Vance, wasn’t, Usha Vance’s, JD, Yale Law School –, humanize, he’d, , Brett Kavanaugh, John Roberts, Peter Navarro, he’s, Navarro, Donald Trump, Paul Manafort, Manafort “, ” Trump, Cheryl Juels, Nicole Gee, , “ Joe Biden, ” Juels, Herman Lopez, Hunter Lopez, haven’t, Lopez’s, Alicia Lopez, Harris, ” Herman Lopez, Khizr, Ghazala Khan, ” Khizr Khan, Kimberly Cheatle, Tennessee Sen, Marsha Blackburn, Cheatle, ” Sen, John Barrasso, Blackburn, James Lankford, Kevin Cramer, Barrasso, Cheatle’s “, ” Cheatle, “ We’re, ” “, Cramer, Burgum’s, Doug Burgum’s, Achilles, Burgum, “ Hey, Treene, Morgan Rimmer Organizations: Wisconsin CNN, Republican Party, Republican, Convention, Gold Star, Jewish Harvard University, , Republicans, Republican National, Marines, Yale Law School, Trump, North American Free, Ivy, Ohio State University, Michigan, China, Senate, Yale University, Appeals, District of Columbia Circuit, Fox News, RNC, Trump White House, CNN Gold Star, Hamid, CNN, Biden, Secret, Fiserv, Tennessee, , Blackburn, Sens, North Dakota Gov, Energy, Republican National Convention Locations: Milwaukee, Wisconsin, Afghanistan, Ohio, Washington, American, Mexico, China, Iraq, Pennsylvania, Michigan, Ukraine, San Diego, Florida, America, Kabul, States, United States
Over the past few years, as major manufacturers have announced plans to ramp up production in Mexico, labor unions have raised concerns that American jobs will be sent abroad. Now, the concerns have prompted the United Automobile Workers union, a prominent backer of President Biden, to criticize an administration decision not to pursue accusations of labor abuses by a Mexican subsidiary of Caterpillar, the agriculture equipment maker. In late June, the administration informed a group of unions that it would not pursue a complaint that the subsidiary had retaliated against striking union members by making it difficult for them to find alternative employment, a form of blacklisting. The government’s ability to police such violations, under a provision of the United States-Mexico-Canada Agreement, the successor to the North American Free Trade Agreement, is meant to reduce the incentive for American employers to move jobs to Mexico in search of weaker labor protections. argues that, by declining to use its authority under the trade agreement in this case, the Biden administration may be encouraging companies to relocate work.
Persons: Biden Organizations: United Automobile Workers, Caterpillar, North American Free Trade Locations: Mexico, Mexican, United States, Canada
She lived in housing provided by Stanford University with her two small children and her husband, who was pursuing a Ph.D. there. For four years, Ms. Sheinbaum immersed herself in a new life as an immigrant academic in the United States. She landed on the front page of The Stanford Daily student newspaper for protesting the North American Free Trade Agreement. And to people who knew her, she seemed entirely at ease in California, navigating the world of American academia. “They could have been professors, they could have made their lives here,” said Alma González, a close friend of Ms. Sheinbaum’s in California.
Persons: Claudia Sheinbaum, Sheinbaum, , , Alma González, Ms Organizations: Lawrence Berkeley National Laboratory, Stanford University, Stanford Daily, North American Free Trade Locations: Mexico City, Northern California, United States, Mexico, California, American, Sheinbaum’s
Under an 80-year-old treaty, the United States and Mexico share waters from the Colorado River and the Rio Grande, respectively. They say the lack of water from Mexico is propelling them into crisis, leaving the future of farming in the balance. Pain in both countriesThe water from Mexico goes to the Falcon and Amistad Reservoirs which straddle the border and provide water to homes as well and farms. To rely only on storms to reduce water scarcity would make Mexico “totally exposed to what nature decides about our water future,” UNAM’s Magnaña Rueda said. Ultimately, there needs to be a recognition that water sharing agreements must adapt to a changing climate, Rueda said.
Persons: Biden, Maria Elena Giner, , , Alfonso Cortez Lara, Giner, “ There’ll, Paul Ratje, Vianey Rueda, Rueda, , ” Rueda, Pain, Amistad, Falcon, Brian Jones, Carlos Kosienski, Jones, Monica De La, ” De, ” De La Cruz, Ted Cruz, John Cornyn —, , Victor Magaña Rueda, Salvador Alcántar, ” Alcántar, Jose Luis Gonzalez, Sarah Porter, Claudia Sheinbaum, “ We’ve, ” UNAM’s Magnaña Rueda, ” Giner, we’re, Nobody’s, ” CNN’s Brandon Miller, Jack Guy Organizations: CNN, Texas, Water Commission, College of, Rio, Reuters, University of Michigan, American Free Trade, Falcon, “ Farmers, Texas Farm Bureau, Growers, Republican, National Autonomous University of Mexico, Farmers, National Guard, Mexican National Guard, Kyl, for Water Policy, Arizona State University, Locations: United States, Mexico, Colorado, Rio, South Texas, Rio Grande, Rocky, Gulf of Mexico, Fort Quitmen, Presidio , Texas, , Mexican, Chihuahua, Las Cruces , New Mexico, Reuters Mexico, Amistad, Rio Grande Valley, Texas, Hidalgo County , Texas, Rio Grande Valley . Texas, Starr County , Texas, Monica De La Cruz, ” De La, La, Camargo , Chihuahua
TradeBiden has left some of Trump's tariffs in place, illustrating the protectionist bent that continues to take hold in Washington. Biden has left some of Trump's tariffs in place, illustrating the protectionist bent that continues to take hold in Washington. As president, Trump fixated on the US trade deficit even as some economists argued against reading too much into such figures. He didn't see the fruits of his biggest trade deal, which went into effect in July 2020: the USMCA, a revamped North American trade deal known Experts at Brookings Institution have praised the treaty for growing regional trade. Trump has pledged to kill the Biden administration's new Asian trade talks, which the former president has dubbed "TPP two."
Persons: Biden, Niels Wenstedt, Trump, Katherine Tai, Sen, Elizabeth Warren, Barack Obama Organizations: BSR Agency, Getty, Republican Party, American Free Trade, World Trade Organization, Big Tech, Trump, Bloomberg News, Brookings Institution, TransPacific, US, Biden, Politico Locations: Washington, China, American, Mexico, Beijing
If Trump is elected again, Stiglitz said, he could well pull support for Ukraine, sending grain prices soaring. For Stiglitz, the 2001 winner of the Nobel Prize in economics, America's appetite for Trump can be traced back a little more than four decades ago to the election of Ronald Reagan. "We've had 40 years of a neoliberal experiment: Strip away the regulations and lower the taxes — taxes are much lower than they used to be. But Komlos and Stiglitz don't place blame solely on Reagan for the growing economic inequality. Every European country that's had a wealth tax has walked away from it, by and large."
Persons: Donald Trump, Joseph Stiglitz, Trump, Stiglitz, Joe Biden, Ronald Reagan, , that's, Reagan, We've, Dina Litovsky, Friedrich Hayek, Milton Friedman, That's, Stiglitz doesn't, John Komlos, Komlos, Joe, Bill Clinton, Clinton, Barack Obama, insurrectionists, Desmond Lachman, Carter, Douglas Holtz, Eakin, George W, John McCain's, Holtz, America Stiglitz, Hayek, Friedman, Claudia Sahm, you've, what's Organizations: Columbia Business School, Business, Capitol, Biden, Trump, :, Good Society, America's, Federal Reserve, Budget, Bank, University of Munich, Duke University, University of North, Democratic, North American Free Trade, World Trade Organization, American Enterprise Institute, Bush's, Economic Advisers Locations: Manhattan, Ukraine, Russia, China, Beijing, Taiwan, University of North Carolina, Spain, America
The rise of BYD and other Chinese automakers led Tesla CEO Elon Musk in January to warn that Chinese automakers will "demolish" global rivals without trade barriers. Caresoft, an engineering benchmarking and consulting firm, has already torn down one China-built BYD Seagull and is preparing to do another. Michael Wayland / CNBCThe consulting firm tore apart the BYD Seagull piece by piece to benchmark the small EV against vehicles from other startups and traditional automakers. Its initial study of the BYD Seagull found it to be efficiently and simplistically designed, engineered and executed, but with unexpected quality and anticipated reliability. Growing concernsBYD's rise comes at a precarious time for global auto industry dynamics.
Persons: It's, Terry Woychowski, Warren Buffett, , BYD, Tesla, Elon Musk, Caresoft Bernstein, Nissan, Michael Wayland, Caresoft, simplistically, Woychowski, Mathew Vachaparampil, CNBC BYD, Stellantis —, Donald Trump, Zach Gibson, Jennifer Granholm, Republican Sen, Marco Rubio, Trump, , GM Dong, Tang, Marin Gjaja, Gjaja, Ford, you've, Evelyn Cheng, Dylan Butts Organizations: Shanghai International Automobile Industry, National Exhibition, Convention Center, Visual China, Getty, U.S, General Motors, Caresoft, Alliance for American Manufacturing, Overseas, Chevrolet, Nissan Leaf, Bolt, Chicago Federal Reserve, BYD, CNBC, Cox Automotive, Seagull, Tesla, Toyota Motor, Nissan Motor, Honda Motor, Hyundai, Kia, — GM, Ford, Chrysler, U.S ., Washington , D.C, Bloomberg, Republican, North American Free Trade, Republicans, Buick, SAIC, GM, GM Dong Yue Motors Co, Detroit Locations: Shanghai, LIVONIA, Mich, , China, Europe, Latin America, Detroit, Texas, Germany, Japan, U.S, Livonia , Michigan, America, XPENG, Mexico, Thailand, Brazil, Indonesia, Hungary, Uzbekistan, ., Washington ,, United States, Marco Rubio of Florida, Yantai, Shandong Province
Speaking at a Cabinet retreat, Trudeau said that Trump “represents uncertainty. Trudeau said that his industry and trade ministers will lead the “Team Canada approach” with the business community. Trump as president called Trudeau “weak” and “dishonest” and attacked Canada’s vital trade. Nelson Wiseman, a political science professor at the University of Toronto, said the Trudeau government is anxious about the prospect of another Trump presidency. "The impact would be greater on Canada than on any other country with the possible exception of Mexico,” Wiseman said.
Persons: , Donald Trump, Justin Trudeau, Trudeau, , , Trump, ” Trudeau, Kirsten Hillman, Washington's, ” François, Philippe Champagne, ” Daniel Béland, ” Béland, Nelson Wiseman, Wiseman, ” Wiseman Organizations: TORONTO, Trump, New, Republican, Trudeau’s, “ Team Canada, American Free Trade, U.S, Trade, Canada’s, Innovation, Science, Industry, McGill University, University of Toronto, Locations: Canada, U.S, Iowa, Montreal, Mexico, United States
Conservative leader Pierre Poilievre would clobber Trudeau if an election were held today, according to an Angus Reid Institute poll published on Monday. Fewer than three-in-five (57%) of those who voted Liberal in 2021 say they would do so again, the pollster said. "This cabinet retreat is focused on issues as important as housing affordability and housing accessibility," Public Safety Minister Dominic LeBlanc told reporters late on Sunday. While president, Trump forced the renegotiation of the North American trade pact, a vital agreement for the Canadian economy. Last week, Trudeau said a second Trump presidency would be challenging and would reflect "a lot of anguish and fury."
Persons: Steve Scherer OTTAWA, Justin Trudeau, Pierre Poilievre, clobber Trudeau, Angus Reid, Marc Miller, Dominic LeBlanc, Anita Anand, Donald Trump, Trump, Francois, Philippe Champagne, We've, Champagne, Trudeau, Steve Scherer, Bill Berkrot Organizations: Canadian, Conservative, Angus, Angus Reid Institute, Liberal, Public, North, Industry, Trump Locations: Montreal, Ottawa, United States, North American, U.S, Canada
Opinion | Why the Trump Trade Agenda Endures
  + stars: | 2024-01-16 | by ( Farah Stockman | ) www.nytimes.com   time to read: +1 min
They met in the 1990s, at an event about the North American Free Trade Agreement, where they were the only people arguing against it. He was a conservative trade lawyer who filed anti-dumping cases on behalf of American steel companies and predicted that the treaty would hurt American jobs. Her worry was that NAFTA’s rules would hurt working people and override U.S. legal standards on food safety and the environment. She hailed from Wausau, Wis., where her family had run a scrapyard. After that first meeting, they kept in touch, swapping notes on how to throw sand in the gears of a free trade machine that seemed unstoppable.
Persons: Bob Lighthizer, Donald Trump’s, Lori Wallach Organizations: North American Free Trade, American Economic Liberties Locations: Wausau, Wis, Ashtabula , Ohio, Donald Trump’s U.S
New York CNN —Donald Trump arrives in Michigan Wednesday with a lot more support among blue collar union members than a lot of Republican presidential candidates before him. The Trump Supreme Court also issued a devasting ruling against public sector unions, which represent almost as many union members as found at private businesses. The state gained 1,800 auto jobs from February 2021, Biden’s first month in office, through February of this year. And Trump urged UAW members to stop paying their union dues. They’re predominantly anti-abortion,” said Brian Pannebecker, a staunch Trump supporter and president of Auto Workers for Trump.
Persons: Donald Trump, “ He’s, , Cathy Creighton, Clinton, he’s, Biden, Neil Gorsuch, Trump, Mary Barra, Biden’s, Crooked Joe Biden, they’re, they’ve, You’re, Shawn Fain, Fain, ” Fain, , “ It’s, Jason Miller, autoworkers, Wheaton, EVs, ” Wheaton, Todd Vachon, Brian Pannebecker, – CNN’s Kristen Holmes, Alayna Treene, Daniel Strauss Organizations: New, New York CNN, National Labor Relations Board, Cornell University’s, Industrial and Labor Relations, Biden NLRB, Trump Supreme, Trump, GM, Lordstown Motors, North American Free Trade, Bureau of Labor Statistics, UAW, United Auto Workers, General Motors, Ford, Drake Enterprises, Labor, Crooked, Biden, Michigan, CNN, Trump Trump’s, ” Trump, Rutgers University, Auto Workers Locations: New York, Michigan, Buffalo , New York, Lordstown , Ohio, Youngstown, Mexico, Macomb County, Detroit, China, Buffalo . Wheaton
Mexico President Andres Manuel Lopez Obrador's steps to roll back reforms aimed at opening Mexico's power and oil markets to foreign competitors ultimately sparked the trade dispute. The steps add to a significant worsening of trade relations between Washington and Mexico City, even as their economic integration grows. Like the energy policies, Washington argues that banning GMO corn for human and animal consumption violates Mexico's obligations under the trade pact. The White House has hoped to avoid escalating energy trade tensions with Mexico as it sought help on immigration and drug trafficking, but talks that began last year have made little progress. In 2022, Mexico had a $130.5 billion goods trade surplus with the United States.
Persons: Katherine Tai, Tatiana Clouthier, Trade Mary Ng, Joe Biden's, Andres Manuel Lopez Obrador's, USTR, Obrador, Biden, Donald Trump, Jarrett Renshaw, David Lawder, Stephen Eisenhammer, Tomasz Janowski Organizations: Trade, Small Business, Export, Washington, United States Trade Representative, United, Chevron, Marathon Petroleum, Comision Federal, Mexico, Ministry, U.S, North American Free Trade, Thomson Locations: Mexican, United States, Mexico, Canada, Mexico City, U.S, United States Mexico Canada, USMCA, Washington, China, Washington's
I never like higher rates at any end of the curve. At every benchmark, you will first hear that every bull market ends because of higher rates. We have done well in the stock market at 7% on the 20-year and well at half that. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.
Persons: Shawn Fain, Fain, He's, haven't, Tesla, , Mike Wilsons, Mike Wilson, Morgan Stanley's, Here's, it's, there's, that's, Jim Cramer's, Jim Cramer, Jim, Jim Cramer Rob Kim Organizations: Companies, Federal Reserve, Big, ARM Holdings, Club, MarketEdge, United Auto Workers, UAW, Ford, ARM, American Free Trade, Netflix, Earth, Apple, Treasury, Fed, CNBC Locations: Mexico, United States, Canada
Ron DeSantis of Florida on Friday over his support for farmers, saying his chief rival for the Republican presidential nomination would be “a catastrophe” for the country’s agriculture industry. Mr. Trump claimed at a rally in Iowa that Mr. DeSantis would outsource American farming jobs overseas and oppose the federal mandate for ethanol, a fuel made from corn and other crops. Support for ethanol, which Iowa is a national leader in producing, is a quadrennial issue in presidential elections in this early voting state. In 2017, Mr. DeSantis supported legislation that would end the renewable fuel standard, a nearly two-decade-old standard that requires refiners to blend biofuel into gasoline nationwide. Then, he eagerly highlighted what he claimed was his rival’s history of opposing an issue that carries outsize political weight in Iowa.
Persons: Donald J, Trump, Ron DeSantis, DeSantis Organizations: Gov, Republican, North American Free Trade Locations: Florida, Iowa, Bluffs , Iowa
The fallout is a rare chink in Lopez Obrador's formidable popularity, steadily above 60% throughout his term. The pricing issue is urgent as northern corn farmers are harvesting now, many with nowhere to sell without taking a loss. It is not the first time that tensions have heated up between this administration and the agriculture sector. Valdez estimated that commercial agriculture producers represent about 10 million votes. Farmers argue Lopez Obrador's government has eliminated important sector benefits, including loans at beneficial interest rates, which his administration says too often fell into arrears.
Persons: Edgard Garrido, Andres Manuel Lopez, Lopez, Lopez Obrador's, Bosco, la Vega, Lopez Obrador, Claudia Sheinbaum, Marcelo Ebrard, Adan Augusto, Baltazar Valdez, Valdez, Raul Urteaga, Urteaga, spokespeople, Luz Maria Mendoza, Cassandra Garrison, Stephen Eisenhammer, Nick Zieminski Organizations: REUTERS, MEXICO CITY, U.S, Regeneration, Producers, Chicago Board of Trade, CNA, Farmers, North American Free Trade, United Farm Workers, Valdez, Global Agrotrade Advisors, Agriculture, Finance Ministry, FIRA, Thomson Locations: La Constitucion Totoltepec, Toluca , Mexico, MEXICO, Sinaloa, United States, U.S, Chihuahua, Mexico, Canada
Ultimately, I have gotten to know my way around the CPI and it's a sloppy way to figure out pricing. Don't be frightened of the wave of deflation or misinterpret it as anything but fantastic for investors. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade.
REUTERS/Amanda Andrade-RhoadesWASHINGTON, May 3 (Reuters) - Democratic U.S. lawmakers on Wednesday urged the U.S. Trade Representative and State Department to eliminate investor-state dispute settlement provisions from current and future trade deals and to intervene on behalf of Honduras against a U.S. company's nearly $11 billion claim against the country. In a letter to Secretary of State Antony Blinken and Trade Representative Katherine Tai seen by Reuters, 33 lawmakers said that investor-state dispute settlement (ISDS) systems in trade deals constitute a "problematic corporate handout" that violates countries' sovereignty and democracy rights. The Democrats signing the letter said the case could require impoverished Honduras to pay billions of taxpayer dollars to a company that has "weaponized" the dispute settlement provisions. The dispute settlement provisions had been a way to protect U.S. firms from abrupt changes in trading partners' government policies by providing recourse through arbitration. The letter cited Georgetown University research tallying $27.8 billion in ISDS settlement orders against Latin American governments, with Argentina, Venezuela, Peru, Mexico and Ecuador the worst hit.
Donald Trump said he had gotten the US out of NATO as president, but meant NAFTA. Trump has repeatedly questioned US membership of NATO, but did not act on threats to withdraw. Trump, who is seeking election again in 2024, boasted about his achievements as president in an interview Tuesday with Fox News' Sean Hannity. Trump as president repeatedly criticised NATO, berating other members for not spending more on defense, and threatened to pull out of the treaty. Trump, since launching his 2024 bid, has sought to portray his likely opponent, President Joe Biden, as in cognitive decline.
Trump slammed Ron DeSantis for previously moving to kill a federal mandate prized by ethanol producers. As Insider reported, DeSantis supported legislation in 2017 to kill the Renewable Fuel StandardTop editors give you the stories you want — delivered right to your inbox each weekday. DeSantis, Trump concluded, would "beg for mercy" in Iowa. The standard requires specific percentages of renewable fuel to be blended into the nation's fuel supply. The ethanol industry closely protects the mandate since it effectively subsidizes the industry.
WASHINGTON, Feb 7 (Reuters) - The Biden administration has made digital trade the centerpiece of its trade negotiations, and the AFL-CIO wants a bigger say in how the U.S. Trade Representative's office sets goals in this area, arguing they are too often dictated by big technology companies. The USTR is expected to soon propose text on the digital chapter in negotiations for the Indo-Pacific Economic Framework, the Biden administration's signature economic agreement. U.S. Trade Representative Katherine Tai has pledged to create a "worker-centric" trade policy, but the AFL-CIO said digital trade negotiations too often make no mention of labor standards nor the workers who write software or support networks. "Corporations shouldn't dictate the rules of the global digital economy with no regard for working people," AFL-CIO President Liz Shuler said in a statement. Other AFL-CIO demands for digital trade negotiations include:- Requiring governments to enact strong policies to safeguard individuals' personal data as opposed to the current largely voluntary "self-regulation" model that has proven inadequate.
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