Global MFG - Dec 3, 2018
President Signs New Trade Agreement with Mexico And Canada To Replace NAFTA
President Trump, Canadian Prime Minister Justin Trudeau and Mexican President Enrique PeÃ±a Nieto signed the new U.S. Mexico Canada Agreement — or USMCA — in Buenos Aires on Nov. 30. The agreement provides increased requirements for automotive components to be produced in North America and follows more than a year of talks to update the 24-year-old North American Free Trade Agreement (NAFTA), which supports about $1.2 trillion in annual trade among the three countries in the USMCA.
American Foundry Society #afs #nafta
Global MFG - Jan 17, 2018
Mood brightens on NAFTA's prospects
Cautious optimism about the future of the North American Free Trade Agreement is beginning to replace the gloom and doom of recent months among auto industry leaders. Panelists at the Automotive News World Congress here put the odds of successful renegotiations between the U.S., Canada and Mexico at better than even now that President Donald Trump can show voters enough concrete successes on the economic front to pull back from his threat to scotch the deal.
Eric Kulisch | Automotive News #nafta
Global MFG - Jul 17, 2017
White House Releases Its Plans for Remaking Nafta - WSJ
The Trump administration released its road map for remaking the North American Free Trade Agreement that aims to preserve "Buy America" provisions and reduce the U.S. trade deficit, but steps back from some of President Donald Trump's most fiery campaign rhetoric on trade. Faced with a drop in political support, the White House is focusing this week on "Made in America" products in an effort to shore up support among voters skeptical of free trade and globalization. The U.S., Mexico and Canada may now begin talks in 30 days. U.S. officials say they would like to finish the talks by January, before the Mexican presidential campaign and U.S. midterm elections heat up.
William Mauldin | WSJ #nafta
Global MFG - Jun 25, 2017
Trumpism and Global Sourcing
Globalization, a seemingly unstoppable trend until last year, suddenly looks less inexorable as President Donald Trump moves to put "America First," and the United Kingdom leaves the European Union. These abrupt policy shifts are forcing executives to rethink strategies based on global economic integration, particularly cost-efficiency initiatives that rely on outsourcing or offshoring business processes.
Global MFG - Mar 8, 2017
How Manufacturing Risks Will Affect Global Supply Chain
"Disruptive technologies such as additive manufacturing and robotic process automation will continue to transform the manufacturing world by reshaping the production cycle in the longer term," according to new report by Cushman & Wakefield.
MH&L Staff | Material Handling & Logistics #nafta #reshoring