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Marketplace Morning Report
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Mexico tariffs could hike car prices by $1,500

by Kimberly Adams May 31, 2019
The Trump administration has threatened to levy a 5% tax on Mexican imports next month, which could go as high as 25%.
“We have the highest prices in the world right now for aluminum and steel,” said Kristin Dziczek, a vice president at the Center for Automotive Research. Above, Ford Mustangs are assembled at a plant in Flat Rock, Michigan, in 2004.
Bill Pugliano/Getty Images
Trade showdown

VP Pence is off to Canada to push for "new NAFTA" deal

by Renata Sago May 29, 2019
The Trump administration hopes Ottawa lawmakers will approve the deal before their summer break — and an election that could unseat PM Justin Trudeau.
Steel coils lay in a yard at ArcelorMittal Dofasco steel plant on June 4, 2018 in Hamilton, Canada..
Cole Burston/Getty Images

USMCA faces an uncertain path through Congress

by Tracey Samuelson Mar 5, 2019
The politics of trade deals are increasingly complex.
President Donald Trump speaks during a press conference to discuss a revised U.S. trade agreement with Mexico and Canada in the Rose Garden of the White House on October 1, 2018 in Washington, DC.
Chip Somodevilla/Getty Images

Trump says new NAFTA will pay for wall. Not likely.

by Tracey Samuelson Dec 19, 2018
President Trump seems to have softened his stance on border-wall funding as a make-or-break issue to avoid a government shutdown. Instead, he says Mexico will pay for the wall indirectly through the new NAFTA agreement, now known as the United…

What's new about the new NAFTA

by , and Nov 30, 2018
Signed but not yet delivered: The new NAFTA isn't very different from the old one.
(L to R) Mexican President Enrique Pena Nieto, US President Donald Trump and Canadian Prime Minister Justin Trudeau leave after delivering a statement on the signing of a new free trade agreement in Buenos Aires, on November 30, 2018, on the sidelines of the G20 Leaders' Summit.
MARTIN BERNETTI/AFP/Getty Images
Trade showdown

Trump joins Canada, Mexico leaders to sign new trade pact

by Associated Press Nov 30, 2018
The USMCA is meant to replace the 24-year-old North American Free Trade Agreement.
Mexico's President Enrique Pena Nieto (L) US President Donald Trump (C) and Canadian Prime Minister Justin Trudeau, sign a new free trade agreement in Buenos Aires, on November 30, 2018, on the sidelines of the G20 Leaders' Summit. - The revamped accord, called the US-Mexico-Canada Agreement (USMCA), looks a lot like the one it replaces. But enough has been tweaked for Trump to declare victory on behalf of the US workers he claims were cheated by NAFTA.
SAUL LOEB/AFP/Getty Images

What a pair of jeans can teach us about the global economy

by David Brancaccio and Jonaki Mehta Nov 15, 2018
Thomas Ramge and Jan Schwochow's book, "The Global Economy as You've Never Seen It," uses infographics to make complex ideas more accessible.









Infographic from “The Global Economy as You’ve Never Seen It” by Thomas Ramge and Jan Schwochow. Reprinted by permission of the publisher.

 

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What the midterm results mean for foreign policy and trade

by David Brancaccio Nov 7, 2018
Democrats took the House, Republicans gained in the Senate. What now for trade?
The sun begins to rise behind the Capitol a day after Americans voted in the midterm elections, on Nov. 7, 2018 in Washington, D.C. Democrats have won control of the House of Representatives while the Senate remains in Republican control.
Mark Wilson/Getty Images

The Trump administration has a habit of renaming government groups

by Janet Nguyen Oct 10, 2018
Case in point: The Consumer Financial Protection Bureau is now the Bureau of Consumer Financial Protection.
President Donald Trump hands his pen to the director of the Office of Management and Budget (OMB) Mick Mulvaney (front-L), after signing an executive order beside members of his cabinet in the Oval Office of the White House on March 17, 2017.
Michael Reynolds-Pool/Getty Images

Canadians mull new trade pact, worry about domestic dairy industry

by Emma Jacobs Oct 8, 2018
Some Canadians worry NAFTA replacement will flood markets with lower-cost U.S. milk and cheese.
A dairy cow on a farm in Caledon, Canada.
Cole Burston/Getty Images

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