Business Chaos

A No-USMCA, No-NAFTA Scenario: How Bad Is It?

Just hours after signing the United States-Mexico-Canada Agreement in December last year, President Trump said, “Congress will have a choice of the USMCA or pre-NAFTA, which worked very well.” On the tariff side at least, while a no-USMCA scenario is bad, no NAFTA is most definitely worse.

American Us Canadian Australian Dollar, Euro, Japanese Yen, and Chinese Yuan banknote

USMCA Currency Provisions Set a New Precedent

The US-Mexico-Canada Agreement contains provisions on macroeconomic and exchange rate policies for the first time in a trade agreement. By setting a precedent, the Trump administration is likely to insist on similar commitments in future trade negotiations.

NAFTA milk

Will the U.S. and Canada Cry Over Spilled Milk in NAFTA?

Production limits and price-setting means Canadian milk drinkers pay significantly more than they would in a free market. Conversely, for certain lucrative and in-demand dairy product ingredients, Canadian dairy boards have set prices at or below international market prices. U.S. and other global dairy farmers have argued this offers Canadian exports an advantage in third markets, while driving global prices and farm receipts down. Will NAFTA 2.0 change any of this?

fabulous contemplative cow

The U.S. Beef Industry Will Take NAFTA Well Done

The implementation of NAFTA has allowed U.S. beef trade to flourish, and the efficient supply chains developed under NAFTA have also helped the U.S. beef industry become more competitive in Asia.

3d race car on white background

Trade Promotion Authority: Driving Trade Deals on the Fast Track to Congressional Approval

A May 17 NAFTA deadline has been in the news. That’s because Congressional leaders have advised the Trump administration that the deal needs to get done soon in order to have a vote on NAFTA 2.0 in this Congress under so-called “fast track” voting procedures. There are all sorts of steps on the timeline built into the Trade Promotion Authority legislation (TPA) for expedited approval of trade agreements. Here’s a short version of the history, context, and essentials of how it all works.

heirloom tomatoes copy_Fotor

All the World Treasures an Heirloom – Tomato, That Is

Farmers markets are a great way to shop fresh and seasonal, but if you can’t get there, you can still find an increasingly impressive selection of tomatoes at your local grocery store. To meet year-round demand, the business of the heirloom tomato has grown global.

chocolate block

Chocolate: Mexico’s Gift from the Gods

North America has a sweet relationship — we are each other’s largest trading partners in chocolate.

which came first

Which Came First, NAFTA or Avocado Toast?

Before NAFTA went into effect, Americans ate around one pound of avocados per person each year. Today, 82 percent of the avocados we consume in the United States arrive here from Mexico.

NAFTA Turkeys

Let’s Talk Turkeys

Americans may be among the world’s most prodigious consumer of turkeys, but turkeys have become an increasingly popular holiday food in Mexico. Ninety percent of the turkeys at those Mexican fiestas will have come from American farms – in part thanks to NAFTA.

Worker grinding a metal plate

A New Chapter for Labor in NAFTA

North America’s global competitive advantage depends in large measure on maintaining a strong foundation of workforce talent. But employers with North American manufacturing and supply chains are concerned about labor market shortfalls, particularly for frontline jobs in advanced manufacturing and logistics.