"At the top of Lighthizer’s agenda will be renegotiating the North American Free Trade Agreement. The original talks for that 1993 pact took two years; the Trump administration wants a new deal in half that time. Regarding China, which accounts for more than half of America’s $500-billion trade deficit, Lighthizer has urged a harder-nosed approach and more trade complaints from the U.S. More fundamentally, he’ll be tasked with overhauling the way the U.S. manages its trade wi
"Mexico is in for some painful restructuring if U.S. President Donald Trump follows through with his protectionist threats. But the nation also faces a unique opportunity to reduce its reliance on its American neighbor and shift its focus to the world's No. 2 economy, China." Read the full Bloomberg article here.
"China’s biggest SUV maker is reconsidering its plan to build an auto plant in Mexico that would have made its best-selling vehicles for the U.S. market, joining a growing list of global automakers reviewing investment plans after tax threats by President Donald Trump." Read Full Article